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Dec 31, 2020
Resideo Q4 2020 Earnings Report
Resideo's Q4 2020 performance was marked by increased revenue and profitability compared to the prior year.
Key Takeaways
Resideo Technologies, Inc. reported a strong fourth quarter with a 15% increase in net revenue to $1.5 billion and a significant rise in operating profit to $152 million. Net income also improved to $59 million, and adjusted EBITDA reached $212 million.
Net revenue increased by 15% year-over-year to $1.5 billion.
Operating profit more than doubled, reaching $152 million compared to $72 million in the prior year.
Net income turned positive at $59 million, a significant improvement from the prior year's net loss of $9 million.
Adjusted EBITDA increased to $212 million, up from $139 million in the prior year.
Resideo
Resideo
Resideo Revenue by Segment
Revenue by Segment
Products and Solutions Revenue
CapyFin.comADI Global Distribution Revenue
CapyFin.com Forward Guidance
The company provided its outlook for full year and first quarter 2021.
Positive Outlook
- Full year 2021 revenue is expected to be in the range of $5.2 billion to $5.4 billion.
- Full year 2021 gross profit margin is expected to be in the range of 26% to 28%.
- Full year 2021 operating profit is expected to be in the range of $450 million to $500 million.
- First quarter 2021 revenue is expected to be in the range of $1.30 billion to $1.35 billion.
- First quarter 2021 gross profit margin is expected to be in the range of 25% to 27%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income