Zebra Technologies Board Approves New $1 Billion Share Repurchase Authorization
Summary
Our strong free cash flow profile provides us the flexibility to return capital to shareholders while continuing to pursue attractive organic and inorganic investment opportunities,” stated Anders Gustafsson, Zebra’s Chief Executive Officer. “This action underscores our Board’s confidence in Zebra’s prospects for profitable growth and shareholder value creation.” Repurchases may be made through a variety of methods, which may include open market purchases executed at the discretion of management and 10b5-1 plans. Zebra undertakes no obligation, other than as may be required by law, to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason after the date of this release. In addition, a disruption in our ability to obtain products from vendors as a result of supply chain constraints, natural disasters or other circumstances could restrict sales and negatively affect customer relationships. Descriptions of the risks, uncertainties and other factors that could affect the company’s future operations and results can be found in Zebra’s filings with the Securities and Exchange Commission, including the company’s most recent Form 10-K. Zebra (NASDAQ: ZBRA) empowers the front line of business in retail/ecommerce, manufacturing, transportation and logistics, healthcare and other industries to achieve a performance edge.
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