Zebra Technologies' Previously Disclosed Exit and Restructuring Plans Likely To Entail Charges of $105M With Net Annualized Expense Savings Of $100M, Up From Prior $85M
Portfolio Pulse from Benzinga Newsdesk
Zebra Technologies is executing on the 2022 Productivity Plan and a Voluntary Retirement Plan to generate cost efficiencies. The total charges are expected to be approximately $105 million, and the net annualized expense savings resulting from these actions is expected to total approximately $100 million, an increase from $85 million.
October 31, 2023 | 10:38 am
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Zebra Technologies' restructuring plans are expected to result in charges of $105 million but yield annualized savings of $100 million, up from a previous estimate of $85 million.
The news directly pertains to Zebra Technologies and its financial outlook. The restructuring plans, while initially costly, are expected to result in significant annualized savings. This could potentially improve the company's financial health in the long run, which could positively impact the stock price.
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