Zebra(ZBRA) - 2023 Q1 - Earnings Call Presentation

Financial Performance - Zebra's Q1 2023 net sales were $1405 million, a decrease of 1.9% compared to $1432 million in Q1 2022[9] - Organic net sales decreased by 0.3%[5] - Non-GAAP diluted EPS was $3.94, a decrease of 1.7% year-over-year[5] - Adjusted EBITDA was $301 million, an increase of 5.6% compared to $285 million in the same period last year[54] - Adjusted EBITDA margin was 21.4%, an increase of 150 basis points year-over-year[16] - Adjusted gross profit was $668 million, an increase of 4.7%[28] - Adjusted gross margin was 47.5%[30] Regional Performance - EMEA sales decreased by 4%[12] - Asia Pacific sales increased by 6%[13] - Latin America sales decreased by 1%[14] - North America sales increased by 1%[26] Segment Performance - EVM (Enterprise Visibility & Mobility) segment organic sales decreased by 11.2%[24] - AIT (Asset Intelligence & Tracking) segment organic sales increased by 28.4%[25] Outlook - The company expects a net sales decline between 2% and 6% year-over-year for Q2 2023[40] - The company expects adjusted EBITDA margin of approximately 22% for Q2 2023[40]