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Dec 31, 2024
Resideo Q4 2024 Earnings Report
Resideo reported strong revenue growth in Q4 2024, exceeding outlook expectations.
Key Takeaways
Resideo's Q4 2024 revenue grew 21% year-over-year to $1.86 billion. Adjusted EBITDA rose 26% to $187 million, while Adjusted EPS came in at $0.59. Despite revenue growth, net income declined to $23 million from $82 million in the prior year.
Q4 revenue increased 21% year-over-year, exceeding expectations.
Adjusted EBITDA grew 26% to $187 million.
Adjusted EPS declined to $0.59 from $0.64 in the prior year.
Net income dropped to $23 million from $82 million in Q4 2023.
Resideo
Resideo
Resideo Revenue by Segment
Revenue by Segment
Products and Solutions Revenue
CapyFin.comADI Global Distribution Revenue
CapyFin.com Forward Guidance
Resideo expects moderate revenue growth and improved operational efficiencies in 2025.
Positive Outlook
- Revenue projected between $7.285B - $7.485B for FY 2025.
- Expected Adjusted EBITDA range of $725M - $805M for FY 2025.
- Continued margin expansion in the Products & Solutions segment.
- Further synergies from the Snap One acquisition.
- Growth in e-commerce and Exclusive Brands sales.
Challenges Ahead
- Soft market conditions could impact demand in key segments.
- Competitive pricing pressures may weigh on margins.
- Volume declines in certain channels could continue.
- Higher operating expenses from Snap One integration.
- Foreign currency fluctuations remain a potential risk.
Revenue & Expenses
Visualization of income flow from segment revenue to net income