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Dec 31, 2021
Resideo Q4 2021 Earnings Report
Resideo's Q4 2021 earnings were announced, revealing a slight decrease in revenue but an increase in earnings per share compared to the same period last year.
Key Takeaways
Resideo Technologies reported a decrease in net revenue for Q4 2021, down 3% to $1.45 billion. However, the company's fully diluted earnings per share increased slightly to $0.45. The company faced supply chain challenges and cost inflation, but made progress on foundational organizational and systems work.
Net revenue decreased by 3% to $1.45 billion compared to Q4 2020.
Gross profit margin decreased to 27.2% from 28.2% in the prior year.
Operating profit was $141 million, compared to $152 million in Q4 2020.
Fully diluted earnings per share increased to $0.45 from $0.44 in the fourth quarter 2020.
Revenue by Segment
Forward Guidance
The company expects full year 2022 revenue to be in the range of $5.95 billion to $6.20 billion, gross profit margin in the range of 27.0% to 28.0% and operating profit in the range of $610 million to $650 million. The company expects first quarter 2022 revenue to be in the range of $1.425 billion to $1.475 billion, gross profit margin in the range of 27.5% to 28.5% and operating profit in the range of $140 million to $150 million.
Positive Outlook
- Full year 2022 revenue expected to be in the range of $5.95 billion to $6.20 billion.
- Gross profit margin for full year 2022 expected to be between 27.0% and 28.0%.
- Operating profit for full year 2022 is projected to be in the range of $610 million to $650 million.
- First quarter 2022 revenue is anticipated to be between $1.425 billion and $1.475 billion.
- First quarter 2022 operating profit expected in the range of $140 million to $150 million.
Challenges Ahead
- No specific negatives were mentioned in the provided guidance summary.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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