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.

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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.

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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) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.39 per share a year ago.

Resideo Technologies (REZI) Q1 Earnings and Revenues Top Estimates

Products and Solutions first quarter gross margin of 39.5%, fourth consecutive quarter of year-over-year improvement First quarter net income of $43 million; Adjusted EBITDA of $137 million at the higher end of outlook range Continued progress on business transformation with new product introductions and agreement to acquire Snap One, a leading provider of smart-living products and distribution SCOTTSDALE, Ariz. , May 2, 2024 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI), a leading global manufacturer and distributor of technology-driven products and solutions for homes and businesses, today announced financial results for the first quarter ended March 30, 2024.

Resideo Announces First Quarter 2024 Financial Results

Exelon

Partnership will balance the grid during peak demand periods and deliver energy savings to customers in Maryland SCOTTSDALE, Ariz. , April 30, 2024 /PRNewswire/ --  Resideo Technologies (NYSE: REZI) , a leading global provider of solutions for home comfort, energy management, security, and safety, and Baltimore Gas and Electric (BGE), the largest electric and natural gas utility company in Maryland, today announced a new partnership to expand BGE's Connected Rewards℠ program, allowing more customers to play an important role in proactively balancing the grid by reducing the overall demand for electricity during periods of peak usage.

Resideo and BGE Announce Partnership to Expand Demand Response Program in Maryland

Updated Alarms Meet New Industrywide Manufacturing Standard, Help Provide Early Warning, Reduce Nuisance Alarms SCOTTSDALE, Ariz., April 24, 2024 /PRNewswire/ -- Resideo Technologies (NYSE: REZI), a leading global provider of solutions for home comfort, energy management, safety, and security, has rolled out its latest First Alert® smoke alarm innovations at retailers nationwide.

Precision Detection Smoke Alarms from First Alert Now Available Nationwide

Snap One Holdings Corp

Smart home firm Resideo announced an agreement to buy industry peer Snap One in a deal worth $1.4 billion.

Smart-Home Firm Resideo To Buy Snap One, Adding To Tech Portfolio

Creates strong position in security, audio visual, and smart living technology distribution for residential and commercial markets Highly complementary capabilities offer professional integrators an expanded selection of proprietary products, extensive third-party supplier relationships, and proven omni-channel reach Enhances Resideo's growth and margin profile and accretive to non-GAAP EPS in first full year of ownership Identified expected annual run-rate business and financial synergies of $75 million by year three $500 million perpetual convertible preferred equity investment from CD&R SCOTTSDALE, Ariz. and CHARLOTTE, N.C.

Resideo to Acquire Snap One to Expand Presence in Smart Living Products and Distribution

Resideo Technologies, Inc., a producer of home products and solutions, is a good candidate for attractively priced stocks. The company operates in the connected home trend and has the potential for additional growth. Despite some volatility in revenue and profitability, management's cost-cutting initiatives are expected to improve profitability metrics.

Resideo Technologies Has Upside On Bullish Bottom Line Expectations

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

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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

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

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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.

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