Resideo Earnings Reports

Resideo's Q4 2024 revenue grew 21% year-over-year to $1.86 billion. Adjusted EBITDA rose 26% to $187 million, while Adjusted EPS came in at $0.59. Despite revenue growth, net income declined to $23 million from $82 million in the prior year.

Resideo Technologies reported strong third-quarter results with net revenue of $1.83 billion, up 18% year-over-year. Adjusted EBITDA was $190 million, exceeding the high end of the outlook range. The company saw organic sales growth in both Products and Solutions and ADI, with Products and Solutions gross margin improving to 42.2%.

Resideo Technologies reported second-quarter net revenue of $1.59 billion, a 1% decrease compared to the prior year. Net income was $30 million, with an adjusted EBITDA of $175 million, which was above the high end of the outlook range. The company saw improvements in Products and Solutions gross margin and made progress in ADI's strategic initiatives.

Resideo's first quarter 2024 saw a net revenue of $1.49 billion, a 4% decrease compared to the previous year. Net income was $43 million, and adjusted EBITDA reached $137 million, driven by performance within Products and Solutions.

Resideo Technologies reported Q4 2023 net revenue of $1.54 billion, a slight decrease from $1.56 billion in Q4 2022. GAAP EPS increased to $0.56 from $0.26 year-over-year, and non-GAAP EPS rose to $0.48 from $0.25. The company's operating cash flow was $263 million for the quarter and $440 million for the full year.

Resideo Technologies reported Q3 2023 net revenue of $1.55 billion, a decrease from $1.62 billion in Q3 2022. GAAP EPS was $0.14, and non-GAAP EPS was $0.41. The company experienced more stable end market conditions within Products and Solutions, driving revenue and profitability above the midpoint of their outlook. Strategic initiatives, including the sale of Genesis Cable and the purchase of Sfty, were executed during the quarter.

Resideo Technologies reported a 7% increase in revenue for Q4 2022, reaching $1.56 billion. However, operating income decreased to $98 million compared to $141 million in the prior year, impacted by $35 million in restructuring and impairment expenses. Fully diluted earnings per share also decreased from $0.45 to $0.26.

Resideo's Q3 2022 net revenue reached $1.62 billion, an 8% increase year-over-year. However, the gross profit margin decreased to 26.6%, and operating profit fell to $155 million. ADI's growth was strong, but Products & Solutions faced revenue and profitability challenges.

Resideo Technologies reported a strong second quarter with net revenue of $1.69 billion, a 14% increase year-over-year. The company's operating profit also saw a significant rise to $186 million, and fully diluted earnings per share reached $0.63.

Resideo Technologies, Inc. announced a 6% increase in net revenue to $1.51 billion for the first quarter of 2022, compared to $1.42 billion in the first quarter of 2021. The company's operating profit also increased to $172 million, or 11.4% of revenue, compared to $130 million, or 9.2% of revenue, in the same period last year. Fully diluted earnings per share rose to $0.58, up from $0.33 in the first quarter of 2021.

Resideo Technologies reported a decrease in net revenue for Q4 2021, down 3% to $1.45 billion. However, the company's fully diluted earnings per share increased slightly to $0.45. The company faced supply chain challenges and cost inflation, but made progress on foundational organizational and systems work.

Resideo Technologies, Inc. announced its third quarter 2021 financial results, with net revenue of $1.5 billion, a 10% increase compared to the third quarter of 2020. The company's operating profit increased by $36 million to $167 million, and the gross profit margin rose to 27.8%.

Resideo Technologies reported a strong second quarter in 2021, with a 44% increase in revenue compared to the previous year. The company saw significant improvements in operating profit and gross profit margin, driven by strong demand and productivity improvements.

Resideo Technologies reported a strong first quarter with a 20% increase in net revenue to $1.4 billion. The company saw improvements in gross profit margin and operating profit, driven by strong performance in both Products & Solutions and ADI Global Distribution segments. Net income was $49 million, a significant improvement compared to the net loss in the prior year.

Resideo Technologies, Inc. reported a strong fourth quarter with a 15% increase in net revenue to $1.5 billion and a significant rise in operating profit to $152 million. Net income also improved to $59 million, and adjusted EBITDA reached $212 million.

Resideo Technologies reported a strong third quarter with significant year-over-year growth. Net revenue increased by 11% to $1.4 billion, operating profit rose to $131 million from $59 million, and net income reached $75 million compared to $8 million in the prior year. Adjusted EBITDA saw a substantial increase of 65% to $188 million.

Resideo Technologies reported a 17% decrease in net revenue to $1.0 billion for the second quarter of 2020, compared to $1.2 billion in the prior year. The company experienced a GAAP net loss of $76 million, a significant decrease from the $11 million net loss in the second quarter of 2019. Adjusted EBITDA also decreased by 48% to $63 million.

Resideo Technologies reported a decrease in net revenue by 3% year-over-year to $1.2 billion for Q1 2020. The company experienced a GAAP net loss of $21 million, while adjusted EBITDA decreased by 22% year-over-year to $99 million. The company withdrew its full-year 2020 guidance due to the rapidly evolving operating conditions in the industry due to the COVID-19 pandemic.

Resideo's Q4 2019 results showed a mix of performance with strong growth in ADI Global Distribution offset by challenges in the Products & Solutions business. Consolidated revenue increased by 3%, but adjusted EBITDA declined by 25%. The company is implementing a financial and operational review to drive improved performance.