Resideo Q4 2023 Earnings Report
Key Takeaways
Resideo Technologies reported Q4 2023 net revenue of $1.54 billion, a slight decrease from $1.56 billion in Q4 2022. GAAP EPS increased to $0.56 from $0.26 year-over-year, and non-GAAP EPS rose to $0.48 from $0.25. The company's operating cash flow was $263 million for the quarter and $440 million for the full year.
Net revenue was $1.54 billion, slightly down from $1.56 billion in Q4 2022.
GAAP EPS increased to $0.56, up from $0.26 in Q4 2022.
Non-GAAP EPS increased to $0.48, up from $0.25 in Q4 2022.
Operating cash flow was $263 million for the quarter and $440 million for the full year.
Resideo
Resideo
Resideo Revenue by Segment
Forward Guidance
The company provided its outlook for Q1 2024 and full year 2024, expecting net revenue between $1.46 billion and $1.51 billion for Q1 and between $6.08 billion and $6.28 billion for the full year. The company expects a non-GAAP Adjusted EBITDA between $120 million - $140 million for Q1 2024 and between $560 million - $640 million for the full year 2024.
Positive Outlook
- Net revenue between $1,460 - $1,510 million for Q1 2024
- Net revenue between $6,080 - $6,280 million for FY 2024
- Non-GAAP Adjusted EBITDA between $120 - $140 million for Q1 2024
- Non-GAAP Adjusted EBITDA between $560 - $640 million for FY 2024
- Non-GAAP Earnings per share between $0.28 - $0.38 for Q1 2024
Revenue & Expenses
Visualization of income flow from segment revenue to net income