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Sep 26, 2020
Resideo Q3 2020 Earnings Report
Resideo's Q3 2020 performance demonstrated strong revenue and profitability growth, driven by increased demand and effective cost management.
Key Takeaways
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.
Net revenue increased by 11% year-over-year to $1.4 billion.
Operating profit increased to $131 million, a significant rise from $59 million in the prior year.
Net income increased substantially to $75 million, compared to $8 million in the same quarter last year.
Adjusted EBITDA increased by 65% year-over-year, reaching $188 million.
Revenue by Segment
Forward Guidance
The Company expects fourth quarter 2020 revenue to be in the range of $1.36 billion to $1.41 billion, operating profit in the range of $130 million to $140 million and Adjusted EBITDA in the range of $180 million to $190 million.
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
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