Welcome to our dedicated page for Resideo Technologies news (Ticker: REZI), a resource for investors and traders seeking the latest updates and insights on Resideo Technologies stock.
Resideo Technologies reports developments in sensing and controls products, home comfort, safety and security solutions, and low-voltage distribution for residential and commercial end-markets. The company operates through Products & Solutions and ADI Global Distribution, with news commonly centered on earnings, segment performance, outlook, investor presentations, and capital allocation.
Company updates also cover Honeywell Home product launches, portfolio actions, and business-structure disclosures involving ADI Global Distribution. Resideo's product and distribution categories include thermostats, air and water solutions, smoke and carbon monoxide detection, security panels, sensors, video products, access control, fire detection, wire and cable, and related professional-channel offerings.
Resideo Technologies, Inc. (NYSE: REZI) reported its second-quarter results, revealing a 17% drop in net revenue to $1.0 billion, and a GAAP net loss of $76 million compared to a loss of $11 million in Q2 2019. Adjusted EBITDA fell 48% to $63 million, influenced by COVID-19 challenges. Segment revenues decreased by 10% in ADI Global Distribution and 26% in Products & Solutions. Despite an increase in cash flow from operations to $71 million, management anticipates cash flow improvements as business activity recovers.
Resideo Technologies, Inc. (NYSE: REZI) is set to announce its second quarter financial results on August 4, 2020, prior to the market opening. A conference call will occur at 8:30 a.m. EDT to discuss these results. Investors can dial in to participate and a replay will be available for one week following the call. Resideo is a leading provider of residential thermal and security solutions, operating in over 150 million homes globally and serving more than 110,000 professionals.