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. operates as a manufacturer and developer of technology-driven products and components that provide critical comfort, energy management, and safety and security solutions. It operates through the Products and Solutions and ADI Global Distribution segments. The Products and Solutions segment includes temperature and humidity control, energy products and solutions, water and air solutions, smoke and carbon monoxide detection home safety products, security panels, sensors, peripherals, wire and cable, 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 access control, fire detection, security, and video products and participates significantly in the broader related markets of audio, communications, data communications, networking, power, ProAV, smart home, and wire and cable. The company was founded on April 24, 2018 and is headquartered in Scottsdale, AZ.

Resideo Technologies covers the needs of over 150 million homes globally with its security and comfort products. The company operates in multiple markets and has production facilities in various countries. Resideo reported better-than-expected earnings and has a positive outlook due to recent acquisitions, restructuring, and e-commerce growth.

Recent Acquisitions, Restructuring, And Beneficial Guidance Make Resideo A Buy

Resideo beat expectations on the top and bottom lines and made strong progress growing cash generation. The company sees continued operational improvements up ahead, but only limited growth in 2024.

Why Resideo Technologies Stock Is Soaring Today

Resideo Technologies, Inc. (REZI) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Resideo Technologies (REZI) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Resideo Technologies (REZI) Reports Q4 Earnings: What Key Metrics Have to Say

Products and Solutions fourth quarter gross margin of 39.5%, third consecutive quarter of year-over-year and sequential improvement Operating cash flow of $440 million for 2023 and $263 million  in fourth quarter Repurchased 2.6 million shares during 2023 for $41 million as part of $150 million repurchase program SCOTTSDALE, Ariz. , Feb. 13, 2024 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI), a leading global manufacturer and developer of technology-driven products that provide critical home comfort, energy management, and safety and security solutions and a leading wholesale distributor of low-voltage security, life safety, audio visual, data com, and other product categories, today announced financial results for the fourth quarter and full year ended December 31, 2023.

Resideo Announces Fourth Quarter and Full Year 2023 Financial Results

Union City, California--(Newsfile Corp. - January 31, 2024) - XTEN-AV LLC, a leading Pro AV (Professional Audio-Visual) design and proposal software provider, announces receiving a minority investment from Resideo Technologies, Inc. This investment is a significant milestone for XTEN-AV and sets the stage for expanded growth across the Pro AV industry. Resideo Technologies, Inc. is a leading global manufacturer and developer of technology-driven products that provide critical comfort, energy management, and safety and security solutions.

XTEN-AV LLC Secures Strategic Investment from Resideo Technologies

SCOTTSDALE, Ariz. , Jan. 16, 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 fourth quarter and full year 2023 financial results after the close of the New York Stock Exchange on Tuesday, February 13, 2024.

Resideo to Release Fourth Quarter and Full Year 2023 Financial Results on February 13, 2024

Alarm.com

Lakeland Industries

Clear Secure

The Zacks Security and Safety Services Industry is glowing among the industrial products sector as it is currently in the top 6% of over 250 Zacks industries.

Time to Buy These Top-Rated Security and Safety Services Stocks

JinkoSolar Holding

Photronics

Pilgrim's Pride

Play value investing using the earnings yield metric with stocks like PLAB, PPC, REZI and JKS.

4 High Earnings Yield Value Stocks to Buy Heading Into 2024

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

Despite Fast-paced Momentum, Resideo Technologies (REZI) Is Still a Bargain Stock

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?

Ford Motor Company

Ford and Resideo are exploring new areas of value for customers who own an F-150 Lightning and a Resideo smart thermostat to help enable potential monthly electric bill savings, increased comfort and more efficient home energy use This first-of-its-kind collaboration between Ford and Resideo builds on Ford's Intelligent Backup Power technology to explore customer benefits never before possible with gas-powered vehicles through pairing a smart electric vehicle (EV) directly with smart home solutions The simulation project will explore how electric vehicles and homes can share the same EV battery energy source and smartly interact with each other for the benefit of the customer and the electric grid DEARBORN, Mich. and SCOTTSDALE, Ariz.

Ford and Resideo Launch 'EV-Home Power Partnership' Project Driving Vehicle-to-Home Energy Management Benefits for Customers

Surran brings proven track record of new product development and operational excellence. SCOTTSDALE, Ariz.

Resideo Names Tom Surran President of Products & Solutions Business

Mr. Cooper Group Inc

Royal Caribbean Cruises

Travelzoo

Royal Caribbean (RCL), Resideo (REZI), Travelzoo (TZOO) and Mr. Cooper (COOP) are a few value stocks with high earnings yield that are worth betting on.

4 High Earnings Yield Value Picks Ahead of FOMC Minutes

Resideo Technologies (REZI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

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

Resideo Technologies, Inc. (NYSE:REZI ) Q3 2023 Earnings Conference Call November 1, 2023 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 Erik Woodring – Morgan Stanley Ryan Merkel – William Blair Michael Fisher – Evercore ISI Isaac Sellhausen – Oppenheimer Operator Hello, ladies and gentlemen. My apologies for the technical delay.

Resideo Technologies, Inc. (REZI) Q3 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Resideo Technologies (REZI) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Resideo Technologies (REZI) Q3 Earnings: A Look at Key Metrics

Sharpened focus on portfolio optimization with sale of Genesis Cable and purchase of Sfty, a Norwegian provider of life safety monitoring technology Expanded partnerships with leading national insurance providers, USAA and Nationwide Identified and executed on further cost cutting initiatives Repurchased 1.8 million shares for $30 million as part of $150 million repurchase program SCOTTSDALE, Ariz. , Nov. 1, 2023 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI), a leading global manufacturer and developer of technology-driven products that provide critical home comfort, energy management, and safety and security solutions and a leading wholesale distributor of low-voltage security, life safety, audio visual, data com, and other product categories, today announced financial results for the third quarter ended September 30, 2023.

Resideo Announces Third Quarter 2023 Financial Results

Resideo Technologies (REZI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Resideo Technologies (REZI) to Report a Decline in Earnings: What to Look Out for

Millions of American homeowners will benefit from a unique collaboration to continuously predict and help mitigate home risks with cost-effective smart home solutions COLUMBUS, Ohio , Oct. 24, 2023 /PRNewswire/ -- Homeowners across the country are increasingly adopting smart home devices with hopes of protecting their homes and adding convenience. At the same time, preventable homeowners' insurance claims, such as water damage from leaky pipes, are becoming more frequent and costly1.

Getting smarter: Nationwide and Resideo join forces to fortify and help protect homes

SCOTTSDALE, Ariz. , Oct. 16, 2023 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI) announced today that it has completed its previously announced sale of its Genesis Cable business to Southwire Company, LLC for $87.5 million in cash, subject to customary purchase price adjustments.

Resideo Completes Sale of Genesis Cable Business

SCOTTSDALE, Ariz. , Oct. 12, 2023 /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 2023 financial results after the close of the New York Stock Exchange on Wednesday, November 1, 2023.

Resideo to Release Third Quarter 2023 Financial Results on November 1, 2023

First Alert Celebrates 65 Years, Encourages Families to  Take Proper Safety Precautions this October SCOTTSDALE, Ariz. , Oct. 4, 2023 /PRNewswire/ -- In honor of Fire Prevention Month, First Alert, the most trusted brand in fire safety*, is reminding consumers about the simple precautions they can take to help protect what matters most from a fire or carbon monoxide (CO) emergency.

Protect the Moments with Safety You Can Trust this Fire Prevention Month

After Successful Connected Home Pilot, Resideo Solutions now Available to all USAA Members Through its PERKS Program SCOTTSDALE, Ariz. , Sept. 27, 2023 /PRNewswire/ -- Resideo Technologies Inc. (NYSE: REZI), a leading global manufacturer and developer of technology-driven products and components that provide critical home comfort, energy management, and safety and security solutions, has been added to USAA's PERKS program to help its members protect against water damage and optimize home efficiency.

Resideo Expands Relationship with USAA to Help Homeowners Protect What Matters Most

CARROLLTON, Ga. , Sept. 19, 2023 /PRNewswire/ -- Southwire Company, LLC, and Resideo Technologies, Inc. (NYSE: REZI) announced today a definitive agreement for the sale by Resideo to Southwire of its Genesis Wire & Cable business, a leading low-voltage wire and cable manufacturer based in Pleasant Prairie, Wis.

News for Resideo Technologies Inc Stock (REZI)