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Oct 01, 2022
Resideo Q3 2022 Earnings Report
Financial results were mixed due to ADI growth offsetting Products & Solutions headwinds.
Key Takeaways
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.
Net revenue increased by 8% to $1.62 billion compared to Q3 2021.
Gross profit margin decreased to 26.6% from 28.1% in the prior year.
Operating profit was $155 million, down from $167 million in Q3 2021.
Earnings per share were $0.42, compared to $0.46 in the same quarter last year.
Revenue by Segment
Forward Guidance
Resideo anticipates Q4 2022 revenue between $1.55 billion and $1.60 billion, with a gross profit margin of 26.5% to 27.5% and an operating profit of $130 million to $140 million. Full year 2022 revenue is expected to be in the range of $6.36 billion to $6.41 billion.
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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