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Resideo Technologies Inc - REZI STOCK NEWS

Welcome to our dedicated news page for Resideo Technologies (Ticker: REZI), a resource for investors and traders seeking the latest updates and insights on Resideo Technologies.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Resideo Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Resideo Technologies's position in the market.

Rhea-AI Summary
Resideo Technologies, Inc. (REZI) reports fourth-quarter gross margin improvement, operating cash flow of $440 million, and $263 million in repurchased shares. Full-year 2023 saw a net revenue decrease to $6.24 billion, with operating profit at $547 million. Products and Solutions business faced challenges, with a 4% revenue decline and a gross margin of 38.6%. ADI Global Distribution maintained flat revenue at $3.57 billion but experienced a decline in operating profit. Overall, Resideo aims to enhance margins and profitability in 2024 through strategic initiatives and operational improvements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
23.48%
Tags
earnings
-
Rhea-AI Summary
Resideo Technologies, Inc. (NYSE: REZI) will release its fourth quarter and full year 2023 financial results on February 13, 2024. The company is a leading global provider of home comfort, life safety, and security solutions. Interested investors can listen to the conference call or access the webcast through the Investor Relations section of Resideo's website. The company's performance will be discussed during the call, providing insights into its financial standing and future prospects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.9%
Tags
earnings
-
Rhea-AI Summary
Ford and Resideo Technologies, Inc. (NYSE: REZI) have announced a joint simulation project to explore vehicle-to-home (V2H) energy management called the 'EV-Home Power Partnership.' The project aims to test and quantify the customer benefits of pairing bi-directional EV charging with a Resideo smart thermostat to potentially save money on monthly electric bills, reduce strain on the U.S. electric grid, and enable use of cleaner energy. This collaboration builds on Ford's Intelligent Backup Power technology and aims to explore new areas of value for customers who own an F-150 Lightning and a Resideo smart thermostat.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.22%
Tags
partnership
Rhea-AI Summary
Ford and Resideo Technologies, Inc. (NYSE: REZI) have announced a joint simulation project to explore vehicle-to-home (V2H) energy management called the 'EV-Home Power Partnership.' The project aims to test and quantify the customer benefits of pairing bi-directional EV charging with a Resideo smart thermostat to potentially save money on monthly electric bills, reduce strain on the U.S. electric grid, and enable use of cleaner energy. This collaboration builds on Ford's Intelligent Backup Power technology and aims to explore new areas of value for customers who own an F-150 Lightning and a Resideo smart thermostat.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.29%
Tags
partnership
-
Rhea-AI Summary
Resideo Technologies, Inc. (NYSE: REZI) appoints Tom Surran as President of the Products & Solutions business. Surran brings extensive experience in new product development and operational excellence, previously serving as Chief Operating Officer at FLIR. His appointment reflects the company's commitment to accelerating new product development and optimizing product management capabilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.07%
Tags
none
-
Rhea-AI Summary
Resideo Technologies, Inc. is set to participate in several investor conferences, including the Baird Global Industrial Conference, NYSE Industrial Access Day, and BofA Securities Leveraged Finance Conference. The presentations are scheduled for November 7, November 15 (virtual), and November 28, respectively.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.12%
Tags
conferences
Rhea-AI Summary
Resideo Technologies, Inc. announced its financial results for Q3 2023. Net revenue was $1.55 billion, down from $1.62 billion in Q3 2022. Income from operations was $109 million, including restructuring charges of $38 million. The company repurchased 1.8 million shares for $30 million as part of its $150 million repurchase program.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.72%
Tags
earnings
-
Rhea-AI Summary
Nationwide and Resideo Technologies are partnering to reshape the future of protection for homeowners by leveraging smart home solutions. Homeowners will be able to use tech-enabled prevention capabilities to avert unexpected damage and expenses. They may also be eligible for a discount on their homeowners insurance through Nationwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.67%
Tags
none
-
Rhea-AI Summary
Resideo Technologies completes sale of Genesis Cable business to Southwire Company for $87.5 million in cash.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.19%
Tags
none
Rhea-AI Summary
Resideo Technologies to release Q3 2023 financial results on November 1, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.66%
Tags
earnings
Resideo Technologies Inc

NYSE:REZI

REZI Rankings

REZI Stock Data

3.26B
142.33M
1.68%
93.39%
2.05%
Hardware Merchant Wholesalers
Wholesale Trade
Link
US
Austin

About REZI

resideo is a global leader in ensuring homeowners are safe, productive and comfortable in their homes. the company became an independent, publicly traded company in late 2018 as a result of honeywell spinning off its homes product portfolio and adi global distribution businesses. resideo’s mission is to provide its customers with integrated, simple solutions for today’s connected home. our solutions deliver comfort, safety and security to the home from any mobile device, anywhere in the world, and include connected thermostats, whole-home professionally installed and monitored security systems, do-it-yourself home awareness and security systems, carbon monoxide and fire detection devices, furnace and boiler controls, water leak and freeze detection products, whole-home air purifiers and humidifiers, and software applications. through its adi global distribution business, the company meets the needs of more than 100,000 low-voltage contractors through more than 200 physical locations in