As Honeywell continues shaping its portfolio ahead of the planned separation, it has also appointed industry veteran Jim Masso to lead its process automation business. Masso will serve as President and CEO of Honeywell Process Automation, effective July 14, 2025. He brings 20 years of experience in energy services, engineering, operations and management, most recently as President & CEO of Allied Power Group. Prior to that, he held several senior leadership roles at General Electric and delivered transforma ...

Summary of Zebra Technologies (ZBRA) FY Conference Call - June 04, 2025 Company Overview - **Company**: Zebra Technologies - **Industry**: Industrial technology, focusing on barcode printers, mobile computers, RFID, robotics, and machine vision [3][6] Core Points and Arguments - **Investment Opportunity**: Zebra is integral to customers' digitization and automation efforts, enhancing efficiency and workflow automation [6][7] - **Market Leadership**: Zebra is the market leader in barcode scanning and mobile computing, with a strong portfolio that includes machine vision, retail software, and ruggedized tablets [7][9] - **Financial Performance**: - Revenue in 2024 was over $3 billion for enterprise visibility and mobility, and over $1.5 billion for asset tracking [9] - Experienced growth of 20% in 2021 and sustained growth in 2022, with a recovery to 8% growth in 2024 after a pause in 2023 [11][12] - Generated over $1 billion in cash over the last four quarters, with the highest gross margin in ten years [13] - **Vertical Markets**: - Retail: Focus on enhancing customer experience and optimizing inventory [14] - Transportation and Logistics (T&L): Emphasis on productivity and visibility [15] - Manufacturing: Lagging recovery but opportunities exist for market share expansion [16] - Healthcare: Solutions aimed at improving workflows and productivity [17] Additional Important Content - **R&D Investment**: Zebra invests about 10% of sales in R&D, focusing on emerging technologies and maintaining leadership in core markets [19][20] - **M&A Strategy**: Active in expanding into adjacent markets through M&A, ensuring integration into core operations [21] - **Market Trends**: The company is positioned to benefit from megatrends such as the on-demand economy and intelligent automation [22] - **Financial Framework**: Focus on profitable growth, disciplined financial management, and capital allocation strategies [24][26] - **Supply Chain Diversification**: Reduced reliance on China from 85% to less than 50%, with plans to further diversify [40][41] - **Pricing Strategy**: Implemented a 10% price increase in April, expected to contribute approximately $50 million in revenue for the year [44][45] - **RFID Growth**: RFID business approaching $200 million, experiencing double-digit growth, driven by improved chip costs and ROI [51][53] Conclusion - Zebra Technologies is well-positioned for continued growth, leveraging its strong market position, innovative solutions, and strategic investments in technology and supply chain diversification. The company aims for 5-7% growth over the cycle, with a focus on margin expansion and maintaining a robust cash flow profile [22][23][27]