Resideo Technologies Inc

Resideo Technologies, Inc. engages in the provision of critical comfort, thermal and security solutions primarily in residential environments. It operates through the following business segments: Products & Solutions and ADI Global Distribution. The Products & Solutions Segment offers Security categories and include temperature and humidity control, thermal, water, and air solutions as well as security panels, sensors, peripherals, wire and cable, communications devices, video cameras, awareness, cloud infrastructure, installation and maintenance tools, and related software. The ADI Global Distribution segment provides low-voltage electronic and security products such as intrusion and smart home, fire, video surveillance, access control, power, audio and video, networking, communications, enterprise connectivity, and structured wiring. The company was founded on April 24, 2018 and is headquartered in Scottsdale, AZ.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Resideo Technologies reports record revenue despite softening markets, eyes growth

Resideo Technologies navigated challenging market conditions to achieve record revenue and operating income in Q4 2022.
The company is strategically focused on introducing new products, improving margins, and accelerating key business initiatives in 2023.
ADI's successful performance in 2022, coupled with e-commerce expansion and exclusive brands offerings, positions the company for continued growth.
Resideo's emphasis on manufacturing optimization, product portfolio enhancements, and financial targets underscores its commitment to long-term success.

Resideo reports Q1 revenue growth, eyes operational efficiency improvements

Resideo Technologies Inc demonstrated steady revenue growth and a focus on operational efficiency in Q1 2023.
The company's commercial business outperformed residential, presenting opportunities for market diversification.
Challenges include stabilizing inventory levels and maintaining gross margins in a competitive landscape.

Resideo Technologies Inc meets Q2 targets amidst market challenges

Resideo Technologies Inc navigated challenges in the residential market, maintaining revenue and profit targets. The company is focused on introducing new products, cost reduction, and optimizing operations to drive future growth.
Despite facing soft market conditions, Resideo is leveraging its strengths in product innovation and cost management to enhance its competitive position and drive value creation for shareholders.

Resideo Technologies reports Q3 revenue decline, focuses on cost savings

Resideo Technologies navigated Q3 with revenue decline but focused on cost savings and margin improvements.
Executives emphasized strategic initiatives and portfolio optimization to drive profitability amidst market challenges.
Analysts probed on pricing dynamics, margin improvements, and future expectations, reflecting investor interest in Resideo's performance.

Resideo Technologies reports robust Q4 earnings and projects strong 2024 growth

Resideo Technologies Inc delivered a strong performance in Q4 2023, with revenue growth, improved margins, and a positive outlook for 2024 revenue and EBITDA.
The company's strategic initiatives in portfolio reshaping, partnerships, and product innovation position it well for future growth and market leadership.
While facing challenges in margin optimization, Resideo has opportunities to capitalize on market trends, partnerships, and digital capabilities for sustained success.

Resideo Technologies Inc excels in Q1, eyes growth through acquisitions

Resideo Technologies Inc delivered a strong Q1 2024 performance, meeting revenue and exceeding adjusted EBITDA expectations.
The company's focus on margin expansion, new product introductions, and strategic acquisitions positions it well for future growth and profitability.
While facing integration challenges and market competition, Resideo's commitment to financial stability and innovation presents opportunities for sustained success.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Resideo Technologies, Inc. engages in the manufacture and development of technology-driven products and solutions that provide critical comfort, energy management, water management, and safety and security solutions to residential and commercial markets. It operates through the Products and Solutions, and ADI Global Distribution segments. The Products and Solutions segment offers temperature and humidity control, thermal water and air solutions, as well as security panels, sensors, peripherals, communications devices, video cameras, other home-related lifestyle convenience solutions, cloud infrastructure, installation, and maintenance tools, and related software. The ADI Global Distribution segment provides low-voltage security products including security and life safety, access control and video products and participates significantly in the broader related markets of smart home, power, audio, ProAV, networking, communications, wire and cable, and data communications. The company was founded on April 24, 2018 and is headquartered in Scottsdale, AZ.

Resideo Technologies (REZI) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Resideo Technologies (REZI) Moves to Strong Buy: Rationale Behind the Upgrade

Resideo Technologies (REZI) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Why Fast-paced Mover Resideo Technologies (REZI) Is a Great Choice for Value Investors

Amphenol

BellRing Brands Inc

Alpine Income Property Trust

Westinghouse Air Brake Technologies

APH, WAB, BRBR, REZI and PINE have been added to the Zacks Rank #1 (Strong Buy) List on November 21, 2024.

New Strong Buy Stocks for November 21st

PINE and REZI made it to the Zacks Rank #1 (Strong Buy) value stocks list on November 21, 2024.

Best Value Stocks to Buy for November 21st

Resideo Technologies, Inc. (REZI) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, REZI's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross.

Resideo Technologies (REZI) Now Trades Above Golden Cross: Time to Buy?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Resideo Technologies (REZI) Stock?

Resideo Technologies (REZI) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Resideo Technologies, Inc. (REZI) Hit a 52 Week High, Can the Run Continue?

SCOTTSDALE, Ariz. , Nov. 13, 2024 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI), a leading global manufacturer and distributor of technology-driven products and solutions that provide home comfort and smart living, security, life safety and energy efficiency to consumers and businesses, today announced that it is scheduled to participate at the following investor conferences.

Resideo to Participate at Upcoming Investor Conferences

Resideo Technologies, Inc. (NYSE:REZI ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Jason Willey - Vice President of Investor Relations Jay Geldmacher - Chief Executive Officer Tom Surran - President, Products and Solutions Rob Aarnes - President, Resideo's ADI Global Distribution Business Mike Carlet - Executive Vice President & Chief Financial Officer Conference Call Participants Erik Woodring - Morgan Stanley Chan Park - Evercore Operator Ladies and gentlemen, at this time I'd like to welcome everyone to the Resideo Third Quarter 2024 Earnings. Today's call is being recorded.

Resideo Technologies, Inc. (REZI) Q3 2024 Earnings Call Transcript

Resideo Technologies (REZI) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.41 per share a year ago.

Resideo Technologies (REZI) Q3 Earnings and Revenues Top Estimates

Net revenue growth of 18% year-over-year; mid-single-digit organic revenue growth at both ADI and Products and Solutions Products and Solutions gross margin of 42.2%, sixth consecutive quarter of year-over-year improvement Net income available to common stockholders of $11 million; adjusted EBITDA of $190 million, above the high end of outlook range Strong demand for the refreshed Honeywell Home Focus Pro™ thermostat portfolio, first in a cadence of new product introductions SCOTTSDALE, Ariz. , Nov. 7, 2024 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI), a leading global manufacturer and distributor of technology-driven products and solutions that provide home comfort and smart living, security, life safety and energy efficiency to consumers and businesses, today announced financial results for the third quarter ended September 28, 2024.

Resideo Announces Third Quarter 2024 Financial Results

Jay Geldmacher to retire as President and CEO, and member of the Board of Directors in 2025 Current Vice-Chair, Andrew C. Teich, to become Chairman SCOTTSDALE, Ariz.

Resideo Announces CEO Succession Plan and New Chairman of the Board

SCOTTSDALE, Ariz. , Oct. 15, 2024 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI), a leading global provider of home comfort, life safety and security solutions, and distributor of commercial and residential security and audio-visual products, will release third quarter 2024 financial results after the close of the New York Stock Exchange on Thursday, November 7, 2024.

Resideo to Release Third Quarter 2024 Financial Results on November 7, 2024

10-point increase in EcoVadis score New carbon reduction targets for Scope 1 and 2 GHG emissions SCOTTSDALE, Ariz. , Aug. 28, 2024 /PRNewswire/ -- Resideo Technologies Inc. (NYSE: REZI), a leading global provider of home comfort, life safety and security solutions, and distributor of commercial and residential security, safety, smart-living and audio-visual products, today released its 2023 Environmental, Social and Governance (ESG) report, detailing its ESG progress, new climate commitments, and continued execution of its ESG strategy1.

Resideo Technologies Releases 2023 Environmental, Social and Governance (ESG) Report, Demonstrating Progress and Announcing New Long-Term Targets

MSC Industrial Direct

MSC INDUSTRIAL SUPPLY CO. ELECTS ROB AARNES TO BOARD OF DIRECTORS AS AN INDEPENDENT MEMBER

Resideo Technologies (REZI) came out with quarterly earnings of $0.62 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.34 per share a year ago.

Resideo Technologies (REZI) Q2 Earnings and Revenues Beat Estimates

Second quarter net income of $30 million; Adjusted EBITDA of $175 million, above the high end of outlook range Products and Solutions second quarter gross margin of 41.3%, fifth consecutive quarter of year-over-year improvement Continued progress on business transformation with forthcoming new product introductions and completed acquisition of Snap One Appoints new Chief Financial Officer, Mike Carlet, former Snap One CFO SCOTTSDALE, Ariz. , Aug. 8, 2024 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI), a leading global manufacturer and distributor of technology-driven products and solutions that provide home comfort and smart living, security, life safety and energy efficiency to consumers and businesses, today announced financial results for the second quarter ended June 29, 2024, which include 15 days of Snap One financial results following the close of the transaction on June 15, 2024.

Resideo Announces Second Quarter 2024 Financial Results

SCOTTSDALE, Ariz. , July 15, 2024 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI), a leading global provider of home comfort, life safety and security solutions, and distributor of commercial and residential security and audio-visual products, will release second quarter 2024 financial results after the close of the New York Stock Exchange on Thursday, August 8, 2024.

Resideo to Release Second Quarter 2024 Financial Results on August 8, 2024

SCOTTSDALE, Ariz. , July 10, 2024 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE:REZI) (the "Company" or "Resideo") today announced that Resideo Funding Inc. (the "Issuer"), a direct wholly-owned subsidiary of the Company, has priced its private offering of $600 million aggregate principal amount of 6.500% Senior Notes due 2032 (the "Notes"), which represents an increase of $100 million from the previously announced aggregate offering size.

Resideo Announces Upsize and Pricing Of 6.500% Senior Notes Due 2032

SCOTTSDALE, Ariz. , July 9, 2024 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI) (the "Company" or "Resideo") today announced that Resideo Funding Inc. (the "Issuer"), a direct wholly-owned subsidiary of the Company, has commenced a private offering of $500 million aggregate principal amount of Senior Notes due 2032 (the "Notes").

Resideo Announces Offering of Senior Unsecured Notes

Snap One Holdings Corp

Expands Presence in Smart Living Products and Distribution Enhances Resideo's growth and margin profile and accretive to non-GAAP Adjusted EPS in first full year of ownership Welcomes Nate Sleeper and John Stroup of Clayton, Dubilier & Rice LLC to Board of Directors SCOTTSDALE, Ariz, June 14, 2024 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI), a leading global manufacturer and distributor of technology-driven products and solutions that provide home comfort, security, life safety and energy efficiency to consumers, today announced that it has completed the acquisition of Snap One (Nasdaq: SNPO), a leading provider of smart-living products, services, and software to professional integrators. Resideo will integrate Snap One into its ADI Global Distribution segment.

Resideo Completes Acquisition of Snap One

APA Corporation

BorgWarner

Mohawk Industries

PHINIA Inc.

Cheap industrials and companies that cater to middle class Americans may be the way forward for investors, as the Dow Jones Industrial Average flirts with 40,000.

Bet on the middle class and M&A with these stocks as Dow nears 40,000, says value manager

Resideo Technologies (REZI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Resideo Technologies (REZI) Upgraded to Strong Buy: Here's Why

Are Investors Undervaluing Resideo Technologies (REZI) Right Now?

Resideo Technologies, Inc. (NYSE:REZI ) Q1 2024 Earnings Conference Call May 2, 2024 5:00 PM ET Company Participants Jason Willey – Vice President-Investor Relations Jay Geldmacher – Chief Executive Officer Tony Trunzo – Chief Financial Officer Conference Call Participants Cory Carpenter – JPMorgan Ian Zaffino – Oppenheimer Operator Ladies and gentlemen, at this time, I would like to welcome everyone to the Resideo First Quarter 2024 Earnings. Today's call is being recorded.

News for Resideo Technologies Inc Stock (REZI)