Resideo Technologies Stock Price, News & Analysis

Resideo Technologies, Inc. (NYSE: REZI) announced its upcoming release of first quarter 2023 financial results, scheduled for May 3, 2023, after the close of the New York Stock Exchange. Following the release, a conference call will take place at 5:00 p.m. ET on the same day, with options for interested parties to join via webcast or by phone. Resideo operates as a major global provider of technology-driven home comfort, energy management, and safety products, servicing over 150 million homes globally. It also has a significant presence in wholesale distribution of low-voltage security and life safety products. For more details, visit their Investor Relations page.

Resideo Technologies, Inc. (NYSE: REZI), a leader in technology-driven home comfort and safety solutions, will participate in two major investor conferences. The first conference, the J.P. Morgan Global High Yield & Leveraged Finance Conference, is scheduled for March 7, 2023, in Miami, FL. The second event is the Morgan Stanley Technology, Media & Telecom Conference on March 8, 2023, in San Francisco, CA, with a presentation at 2:40 p.m. PT. Resideo is known for its extensive range of products aimed at enhancing home comfort and energy efficiency, serving over 150 million homes globally.

Resideo Technologies, Inc. reported a record net revenue of $6.37 billion for the full year 2022, a 9% increase from $5.85 billion in 2021. The gross profit margin improved to 27.7% from 27.1% in 2021, while operating income rose to $611 million. Fully diluted EPS was $1.90, up from $1.63. For Q4 2022, revenue reached $1.56 billion (up 7% YoY) but operating income fell to $98 million due to $35 million in restructuring expenses. The company plans a 5% workforce reduction to save $70 million annually amid economic uncertainty. 2023 guidance anticipates revenue between $6.2 - $6.55 billion.

Resideo Technologies, Inc. (NYSE: REZI) announced the release of its fourth quarter and full year 2022 financial results on February 15, 2023, after the close of the New York Stock Exchange. A conference call will accompany the release, starting at 5:00 p.m. ET the same day. Interested parties can join the call through the Investor Relations section of Resideo's website or by dialing in. Resideo, a global provider of home comfort and security solutions, serves over 150 million homes with a presence in more than 100 countries.

Resideo Technologies, a global provider of home comfort and security solutions, will participate in several upcoming investor conferences. Key dates include:

• Baird Global Industrial Conference in Chicago on November 8, 2022, at 11:25 p.m. CT.
• NYSE Industrials Virtual Investor Access Day on November 15, 2022.
• BofA Securities Leveraged Finance Conference in Boca Raton on November 29, 2022, at 4:10 p.m. ET.
• Imperial Capital Security Investor Conference in New York on December 15, 2022.

For more information about Resideo, visit www.resideo.com.