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's (REZI) Arrow Wire buyout will boost its data communications offerings, distribution network and market presence. Arrow Wire is now part of the ADI Global Distribution segment.

Resideo (REZI) Arrow Wire Buyout to Aid ADI Global Distribution

Resideo Technologies, Inc. (REZI) CEO Jay Geldmacher on Q4 2021 Results - Earnings Call Transcript

Resideo Technologies (REZI) delivered earnings and revenue surprises of 21.62% and 0%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Resideo Technologies (REZI) Q4 Earnings Surpass Estimates

SCOTTSDALE, Ariz., Feb. 15, 2022 /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, today announced financial results for the fourth quarter and full year ended December 31, 2021.

Resideo Announces Fourth Quarter and Full Year 2021 Financial Results

SCOTTSDALE, Ariz., Feb. 14, 2022 /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, today announced it has acquired privately held Arrow Wire & Cable ("Arrow"), based in Chino, Calif.

RESIDEO ACQUIRES REGIONAL DISTRIBUTOR ARROW WIRE & CABLE

Resideo's (REZI) acquisition of First Alert will enhance its home safety market offerings, manufacturing capabilities and distribution network. Cost synergies are expected by 2023-end.

Resideo (REZI) First Alert Buyout to Aid Home Safety Portfolio

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.

Earnings Preview: Resideo Technologies (REZI) Q4 Earnings Expected to Decline

Newell Brands

Resideo Technologies, Inc. (NYSE: REZI) has announced it is buying First Alert from Newell Brands Inc. (Nasdaq: NWL) for $593 million in cash. These are the details.

Why Resideo (REZI) Is Buying First Alert From Newell Brands (NWL) For $593 Million In Cash

Resideo Technologies Inc (NYSE: REZI) has agreed to acquire First Alert Inc, a home safety products provider, from Newell Brands Inc (NASDAQ: NWL) for $593 million in an all-cash transaction. First Alert offers a portfolio of detection and suppression devices, including smoke alarms, carbon monoxide (CO) alarms, combination alarms, connected fire, and CO devices.

Resideo Technologies To Acquire First Alert From Newell Brands For $593M Cash

- Transaction expands and leverages Resideo's footprint in the home with complementary fire and carbon monoxide detection and fire suppression products - Enhances presence across retail and professional channels - Highly recognizable and respected First Alert® and BRK® brands - Significant cost synergies targeted with $30 million in identified annual savings SCOTTSDALE, Ariz., Feb. 7, 2022 /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, today announced that it has entered into a definitive agreement to acquire First Alert, Inc., a leading provider of home safety products, from Newell Brands Inc. (Nasdaq: NWL) for $593 million in an all cash transaction, or approximately $547 million net of expected future tax benefits.

Resideo Announces Agreement to Acquire First Alert, Inc., a Leader in Home Safety Products, and Provides Preliminary Fourth Quarter Financial Results

ATLANTA--(BUSINESS WIRE)--Newell Brands Inc. (NASDAQ: NWL) announced today that it has signed a definitive agreement to sell the Connected Home & Security (CH&S) business to 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. The CH&S business, based in Aurora, Illinois, is a leading manufacturer in the U.S. home safety market with strong positions

Newell Brands Announces Agreement to Sell the Connected Home & Security Business to Resideo Technologies, Inc.

AUSTIN, Texas, Jan. 18, 2022 /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 2021 financial results after the close of the New York Stock Exchange on Tuesday, February 15, 2022. A conference call and simultaneous webcast to discuss the results will be held on Tuesday, February 15 at 5:00 p.m.

Resideo to Release Fourth Quarter and Full Year 2021 Financial Results on February 15, 2022

AUSTIN, Texas, Dec. 13, 2021 /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, recently hosted its 32nd annual CONNECT event. The event brings together security and HVAC customers for training, community service, new product and technology announcements, and to celebrate partner achievements.

Resideo Unveils New Services, Solutions and Tools to Unify Portfolio and Provide Partner Support

AUSTIN, Texas, Nov. 8, 2021 /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, today announced that Amazon Smart Thermostat will be part of Resideo's Connected Savings ®  portfolio, which utilities offer their customers when they participate in utility rewards programs. Built with the same Honeywell Home Thermostat Technology that powers Resideo's thermostats today, Amazon Smart Thermostat is now part of the portfolio that Resideo can operate to help increase grid reliability when communities need it most.

Resideo Adds Amazon Smart Thermostat to Utility Programs

Resideo Technologies, Inc. (REZI) CEO Jay Geldmacher on Q3 2021 Results - Earnings Call Transcript

Resideo Technologies (REZI) delivered earnings and revenue surprises of -2.13% and -1.87%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Resideo Technologies (REZI) Misses Q3 Earnings and Revenue Estimates

AUSTIN, Texas, Nov. 4, 2021 /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, today announced financial and operating results for the third quarter ended October 2, 2021. Third Quarter 2021 Highlights Net revenue of $1.5 billion, up 10% from $1.4 billion in the third quarter 2020 Gross profit margin of 27.8%, up 60 basis points compared to gross profit margin of 27.2% in the prior year comparable period Operating profit of $167 million, or 11.2% of revenue, an increase of $36 million from $131 million, or 9.6% of revenue, in the third quarter 2020 Cash provided by operating activities of $104 million compared to $21 million in the prior year comparable period Third Quarter 2021 Performance Consolidated revenue of $1.5 billion in the third quarter 2021 increased 10% compared with $1.4 billion in the third quarter 2020.

Resideo Announces Third Quarter 2021 Financial Results

AUSTIN, Texas, Oct. 14, 2021 /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 third quarter 2021 financial results after the close of the New York Stock Exchange on Thursday, November 4, 2021. A conference call and simultaneous webcast to discuss the results will be held on Thursday, November 4 at 5:00 p.m.

Resideo to Release Third Quarter 2021 Financial Results on November 4, 2021

Vivint Smart Home Inc

Morgan Stanley analyst Erik Woodring lowered Vivint Smart Home Inc (NYSE:VVNT) and Resideo Technologies Inc (NYSE:REZI) price targets and maintained an Equal Weight rating on the shares as part of the downgrade of their IT Hardware industry view to Cautious. Woodring lowered Vivint Smart Home price target to $10 (implying an upside of 17%) from $14, and Resideo Technologies price target to $31 (implying an upside of 30.9%) from $33.

Morgan Stanley Cuts PT On Vivint Smart Home, Resideo Technologies

SAN DIEGO, Sept. 28, 2021 /PRNewswire/ -- Johnson Fistel, LLP is investigating potential claims on behalf of Resideo Technologies, Inc. (the "Company" or "Resideo") (NYSE: REZI) against certain of its officers.

Resideo (REZI) Alert: Shareholder Class Action Survives in Part Motion to Dismiss; Should Management be Held Accountable for Investors Losses? Contact Johnson Fistel

AUSTIN, Texas, Sept. 14, 2021 /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, today announced that Dana Huth will join the company in the newly created position of executive vice president, chief revenue officer, effective immediately.

Resideo Names Dana Huth Executive Vice President, Chief Revenue Officer

Alarm.com

Honeywell

Johnson Controls

Usability and security continue to boost the smart home space, putting the spotlight on Resideo Tech (REZI), Vivint Smart Home (VVNT), Honeywell (HON), Johnson Controls (JCI) & Alarm.com (ALRM).

Home Automation & Security in Demand: 5 Stocks to Watch

Does Resideo Technologies (REZI) have what it takes to be a top stock pick for momentum investors? Let's find out.

Resideo Technologies (REZI) is a Great Momentum Stock: Should You Buy?

Resideo Technologies (REZI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Rising for Resideo Technologies (REZI): Will It Gain?

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.

News for Resideo Technologies Inc Stock (REZI)