Zebra Technologies Corporation (NASDAQ:ZBRA) Q2 2024 Earnings Conference Call July 30, 2024 8:30 AM ET
Company Participants
Mike Steele - VP, IR
Bill Burns - CEO
Nathan Winters - CFO
Conference Call Participants
Damian Karas - UBS
Jamie Cook - Truist Securities
Tommy Moll - Stephens
Joe Giordano - TD Cowen
Andrew Buscaglia - BNP
Meta Marshall - Morgan Stanley
Brad Hewitt - Wolfe Research
Keith Housum - Northcoast Research
Brian Drab - William Blair
Rob Mason - Baird
Chris Grenga - Needham
Guy Hardwick - Freedom Capital Markets
Rob Jamieson - Vertical Research
Operator
Good day, and welcome to the Second Quarter 2024 Zebra Technologies Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions]. After today's presentation, there will be an opportunity to ask questions. Please note, this event is being recorded.
I would now like to turn the conference over to Mike Steele, Vice President, Investor Relations. Please go ahead.
Mike Steele
Good morning, and welcome to Zebra's second quarter earnings 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 and we refer you to the 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 performance are year-on-year and on a constant currency basis.
This presentation will include prepared remarks from Bill Burns, our Chief Executive Officer; and Nathan Winters, our Chief Financial Officer. Bill will begin with a discussion of our second quarter results. Nathan will then provide additional detail on the financials and discuss our third quarter and revised full year outlook. Bill will conclude with progress on advancing our strategic priorities. Following the prepared remarks, Bill and Nathan will take your questions.
Now, let's turn to Slide 4, as I hand it over to Bill.
Bill Burns
Thank you, Mike. Good morning and thank you for joining us.
Our teams executed well in the second quarter delivering sales and earnings results above the high end of our outlook. For the quarter, we realized sales of $1.2 billion approximately flat to the prior year. An adjusted EBITDA margin of 20.5%, a 70 basis point decrease, and non-GAAP diluted earnings per share of $3.18, a 3% decrease from the prior year.