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.
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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.