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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.
Resideo
Resideo
Resideo Revenue by Segment
Revenue by Segment
Products and Solutions Revenue
CapyFin.comADI Global Distribution Revenue
CapyFin.com 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