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

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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.

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.

Southwire and Resideo Announce Agreement Related to the Sale of Resideo's Genesis Wire & Cable Business

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

Resideo and Southwire Announce Agreement Related to the Sale of Resideo's Genesis Cable Business

Report Highlights Company's Continued Progress on Product Sustainability, Reductions in Environmental Impact of Manufacturing Operations and Employee Engagement   Company Shares Scope 1 and 2 Greenhouse Gas (GHG) Emissions aligned to SASB New Report Aligns with TCFD for First Time and Begins Process for CDP SCOTTSDALE, Ariz. , Aug. 30, 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, today released its 2022 Environmental, Social and Governance (ESG) report that demonstrates how the Company has continued its ESG journey since releasing the inaugural report last year.

Resideo Technologies Releases 2022 Environmental, Social and Governance (ESG) Report

SCOTTSDALE, Ariz. , Aug. 15, 2023 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI), a leading global manufacturer 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, and data com products, today announced that Jason Willey, Vice President of Investors Relations, is scheduled to participate at the 14th Annual Midwest IDEAS Investor Conference on Thursday, August 24, 2023 in Chicago, IL.

Resideo to Participate at Upcoming Investor Conference

Resideo Technologies (REZI) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.63 per share a year ago.

Resideo Technologies (REZI) Q2 Earnings and Revenues Lag Estimates

SCOTTSDALE, Ariz. , Aug. 3, 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 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 second quarter ended July 1, 2023.

Resideo Announces Second Quarter 2023 Financial Results

Share Repurchase Program Reflects Company's Strong Cash Flow Generation, Healthy Balance Sheet and Commitment to Delivering Shareholder Value SCOTTSDALE, Ariz. , Aug. 3, 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 and a leading wholesale distributor of low-voltage security, life safety, audio visual, data com, and other product categories, today announced that its Board of Directors has approved a stock repurchase program, pursuant to which the Company is authorized to purchase up to $150 million of its common stock over an unlimited time period.

Resideo Announces Share Repurchase Program

SCOTTSDALE, Ariz., July 13, 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 and a leading wholesale distributor of low-voltage security, life safety, audio visual, and data com product categories, will release second quarter 2023 financial results after the close of the New York Stock Exchange on Thursday, August 3, 2023.

Resideo to Release Second Quarter 2023 Financial Results on August 3, 2023

Study Reveals Many Renters May be Unprepared in the Event of Fire Emergency and Should Take Key Steps to Help Protect Their Home and Family  SCOTTSDALE, Ariz. , June 14, 2023 /PRNewswire/ -- As moving season heats up across the United States, a recent study reveals an ongoing need to educate renters about fire safety in their homes.

First Alert Study Raises Awareness of Fire Safety and Code Compliance Among Renters

Resideo Technologies, Inc. (NYSE:REZI ) Q1 2023 Earnings Conference Call May 3, 2023 5:00 PM ET Company Participants Jason Willey - Vice President of Investor Relations Jay Geldmacher - Chief Executive Officer Tony Trunzo - Chief Financial Officer Conference Call Participants Erik Woodring - Morgan Stanley Brett Kearney - Gabelli Funds Paul Chung - J.P. Morgan Brian Ruttenbur - Imperial Capital Operator Good afternoon.

Resideo Technologies, Inc. (REZI) Q1 2023 Earnings Call Transcript

SCOTTSDALE, Ariz. , May 3, 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 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 first quarter ended April 1, 2023.

Resideo Announces First Quarter 2023 Financial Results

SCOTTSDALE, Ariz. , April 13, 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 and a leading wholesale distributor of low-voltage security, life safety, audio visual, and data com product categories, will release first quarter 2023 financial results after the close of the New York Stock Exchange on Wednesday, May 3, 2023.

Resideo to Release First Quarter 2023 Financial Results on May 3, 2023

Resideo Technologies is seeing improvement in inventory destocking at channel partners which should lower the volume declines in 2023. REZI's revenue and margin growth should be flat to slightly positive in 2023.

Resideo Technologies: A Good Buy At Current Levels

Resideo Technologies, Inc. (NYSE:REZI ) Q4 2022 Earnings Conference Call February 15, 2023 5:00 PM ET Company Participants Jason Willey - Vice President of Investor Relations Jay Geldmacher - Chief Executive Officer Tony Trunzo - Chief Financial Officer Conference Call Participants Erik Woodring - Morgan Stanley Ian Zaffino - Oppenheimer Paul Chung - JPMorgan Paul Dircks - William Blair Brett Kearney - Gabelli Funds Brian Ruttenbur - Imperial Capital Operator Ladies and gentlemen, at this time I would like to welcome everyone to the Resideo Technologies Fourth Quarter 2022 Earnings Conference Call. Today's call is being recorded.

Resideo Technologies, Inc. (REZI) Q4 2022 Earnings Call Transcript

Resideo Technologies (REZI) delivered earnings and revenue surprises of -29.73% and 0.33%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Resideo Technologies (REZI) Q4 Earnings and Revenues Lag Estimates

SCOTTSDALE, Ariz. , Feb. 15, 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 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, 2022.

Resideo Announces Fourth Quarter and Full Year 2022 Financial Results

SCOTTSDALE, Ariz., Jan. 20, 2023 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI), a leading global provider of home comfort and security solutions and distributor of commercial and residential security and audio-visual products, will release fourth quarter and full year 2022 financial results after the close of the New York Stock Exchange on Wednesday, February 15, 2023.

Resideo to Release Fourth Quarter and Full Year 2022 Financial Results on February 15, 2023

New to the Casualty List: Mosaic and Resideo

Resideo Technologies, Inc. has seen a tumultuous trading history since its 2018 spinoff. Results are volatile, as the Resideo Technologies, Inc. balance sheet is complicated due to long-term liabilities toward Honeywell.

Resideo Technologies - Smart Home, Smart Investment?

Third-quarter results fell short of expectations, and the company guided lower for the year as well.

News for Resideo Technologies Inc Stock (REZI)