Zebra Technologies Board Authorizes Three Million Share Stock Buyback

Zebra Technologies Corporation announced that the company’s Board of Directors has authorized the repurchase of up to three million shares of Zebra Technologies Corporation Common Stock, which represents approximately 5.5% of total shares outstanding.

This authorization, which has no expiration date, is in addition to the 750,000 shares of Common Stock remaining under a previous purchase authorization. These purchases would be made from time to time, in the open market or in private transactions.

Since 2005, Zebra has used more than $600 million to repurchase approximately 21 million shares of Zebra stock and reduce outstanding shares by 24%. Zebra currently has approximately 54.6 million shares of common stock outstanding.

“Repurchasing Zebra shares remains an attractive use of Zebra’s cash resources, in addition to investing in products, channels and markets to support long-term profitable growth,” said Anders Gustafsson, Zebra’s CEO. “This recent authorization underscores the Board’s continuing confidence in the company’s capacity for further growth and creation of shareholder value.”