Loading...
•
Mar 31, 2020
Resideo Q1 2020 Earnings Report
Resideo's financial performance was impacted by COVID-19, with revenue declining and a net loss reported.
Key Takeaways
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.
Net Revenue decreased by 3% year-over-year on a GAAP basis.
GAAP Net Loss was $21 million; Adjusted Net Income was $29 million.
Adjusted EBITDA decreased by 22% year-over-year.
COVID-19 pandemic negatively impacted revenue in both segments towards the end of the quarter.
Revenue by Segment
Forward Guidance
Resideo has withdrawn its full-year 2020 guidance due to the rapidly evolving operating conditions in the industry due to the COVID-19 pandemic. Given the continuation of these uncertainties, the company is not issuing updated financial guidance at this time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...