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Zebra Technologies Board Approves Additional $1 Billion Share Repurchase

This authorization augments the previous $1 billion purchase authorization which was announced on July 30, 2019.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Zebra Technologies announced the company’s Board of Directors has authorized the repurchase of $1 billion shares of Zebra Technologies Corporation Common Stock. This authorization augments the previous $1 billion purchase authorization which was announced on July 30, 2019.

“Zebra’s prospects to drive sustainable, profitable growth as we digitize and automate our customers’ operations have never been brighter. Our strong balance sheet and free cash flow profile provide us the flexibility to return capital to shareholders while continuing to pursue organic and inorganic investment opportunities that advance our Enterprise Asset Intelligence vision. We have returned more than $800 million of capital to our shareholders via share repurchases since July 2019,” said Anders Gustafsson, Zebra’s CEO. “This action underscores our Board’s confidence in Zebra’s ability to drive value creation and gives us a total of nearly $1.2 billion of authorization, providing us ample flexibility to prioritize capital allocation.”

The repurchase authorization does not have an expiration date and may be amended, suspended, or discontinued by the company’s Board of Directors at any time.

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