ZBRA - Zebra Technologies Corporation (ZBRA) Q4 2023 Earnings Call Transcript
2024-02-15 12:05:06 ET
Zebra Technologies Corporation (ZBRA)
Q4 2023 Results Conference Call
February 15, 2024 08:30 AM ET
Company Participants
Mike Steele - Vice President of Investor Relations
Bill Burns - Chief Executive Officer
Nathan Winters - Chief Financial Officer
Conference Call Participants
Tommy Moll - Stephens
Brad Hewitt - Wolfe Research
Meta Marshall - Morgan Stanley
Joe Giordano - TD Cowen
Damian Karas - UBS
Keith Housum - Northcoast Research
Brian Drab - William Blair
Rob Mason - Baird
Chris Grenga - Needham & Company
Ken Newman - KeyBanc Capital Markets
Presentation
Operator
Good day, and welcome to the Fourth Quarter and Full Year 2023 Zebra Technologies' Earnings Conference Call. All participants will be in 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'd 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 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, 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-over-year on a constant currency basis and exclude results from acquired businesses for the 12 months following the 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 fourth quarter results and actions we are taking. Nathan will then provide additional detail on the financials and discuss our 2024 outlook. Bill will conclude with progress we are making on advancing our Enterprise Asset Intelligence vision.
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. Today, we will discuss our results, the demand environment and progress and actions we are taking to optimize our cost structure and drive sales as demand recovers. As expected, our fourth quarter performance was impacted by continued broad-based softness across our end markets and regions, which resulted in a significant decline in sales and profitability....
Zebra Technologies Corporation (ZBRA) Q4 2023 Earnings Call Transcript