Resideo Q2 2022 Earnings Report
Key Takeaways
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.
Net revenue reached $1.69 billion, up 14% compared to Q2 2021.
Gross profit margin increased to 27.7%, a 160 basis points increase year-over-year.
Operating profit was $186 million, representing 11.0% of revenue, compared to $121 million in Q2 2021.
Fully diluted earnings per share increased to $0.63, compared to $0.39 in Q2 2021.
Resideo
Resideo
Resideo Revenue by Segment
Forward Guidance
The company expects third quarter 2022 revenue to be in the range of $1.67 billion to $1.72 billion, gross profit margin in the range of 27.0% to 28.0% and operating profit in the range of $165 million to $175 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income