Resideo Q3 2020 Earnings Report
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.
Resideo
Resideo
Resideo 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