Business

Zebra Technologies board approves $1 billion stock repurchase

Posted May 16, 2022 11:00 pm

LINCOLNSHIRE - Zebra Technologies Corp. Tuesday said its board of directors has authorized the repurchase of $1 billion in shares of the company's common stock. This authorization augments the previous $1 billion purchase authorization which was announced in July 2019.

"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," said Anders Gustafsson, Zebra's chief executive officer. "We have returned more than $800 million of capital to our shareholders via share repurchases since July 2019."

Zebra serves customers with a portfolio of hardware, software, services and solutions that digitize and automate workflows.

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