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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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