Zebra Technologies
Q1 2023 Earnings Call
May 02, 2023, 8:30 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good day, and welcome to the Zebra Technologies first quarter 2023 earnings conference call. Today, all participants will be in a listen-only mode. [Operator instructions] After today's presentation, there will be opportunity to ask questions. Please note, this event is being recorded.
And at this time, I would now like to turn the conference over to Mike Steele, vice president of investor relations. Please go ahead.
Mike Steele -- Vice President, Investor Relations
Good morning, and welcome to Zebra's first quarter conference call. This presentation is being simulcast on our website at investors.zebra.com and will be archived there for at least one year. Our forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties. Actual results could differ materially due to factors discussed in our SEC filings.
During this call, we will reference non-GAAP financial measures as we describe our business performance. You can find reconciliations at the end of the slide presentation and in today's earnings press release. Throughout this presentation, unless otherwise indicated, our references to sales growth, our year over year on a constant currency basis and exclude results from recently acquired businesses for the 12 months following each acquisition. This presentation will include prepared remarks from Bill Burns, our chief executive officer; and Nathan Winters, our chief financial officer.
Bill will begin with our first quarter highlights. Then Nathan will provide additional detail on the Q1 results and discuss our revised 2023 outlook. Bill will conclude with progress made on advancing our enterprise asset intelligence vision. Following the prepared remarks, Joe Heel, our chief revenue officer, will join us as we take your questions.
Now, let's turn to slide 4 as I hand it over to Bill.
Bill Burns -- Chief Product and Solutions Officer
Thank you, Mike. Good morning, and thank you for joining us. Our team executed well in a challenging macroeconomic environment, delivering first quarter sales and earnings results above the midpoint of our outlook. For the quarter, we realized sales of $1.4 billion approximately in line with the prior year; and adjusted EBITDA margin of 21.4%, a 150 basis point increase; and non-GAAP diluted earnings per share of $3.94, a 2% decrease from the prior year.