Zebra Technologies
Q4 2022 Earnings Call
Feb 16, 2023, 8:30 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good day and welcome to the fourth quarter 2022 Zebra Technologies earnings conference call. [Operator instructions] After today's presentation, there will be an opportunity to ask questions. Please note, this event is being recorded. I will now turn the conference over to Mike Steele, vice president, investor relations.
Please go ahead.
Mike Steele -- Vice President, Investor Relations
Good morning and welcome to Zebra's fourth 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 this slide presentation and in today's earnings press release. Throughout this presentation, unless otherwise indicated, our references to sales growth are 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 Anders Gustafsson, our chief executive officer; Bill Burns, our chief product and solutions officer; and Nathan Winters, our chief financial officer.
Anders will begin with our fourth quarter highlights and an update on the previously announced CEO transition. Then Nathan will provide additional detail on the Q4 results and discuss our 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 Anders.
Anders Gustafsson -- Chief Executive Officer
Thank you, Mike. Good morning and thank you for joining us. It was a strong finish to a challenging year with sales and profitability near the high end of our outlook. For the quarter, we realized sales growth of approximately 4%; an adjusted EBITDA margin of 22.5%, an 80-basis-point increase year over year; non-GAAP diluted earnings per share of $4.75, a 5% increase from the prior year; and strong free cash flow.