New insider activity at Resideo Technologies ( (REZI) ) has taken place on March 1, 2025.
President & CEO Andrew Teich has made a significant investment in Resideo Technologies by purchasing 18,154 shares of the company’s stock. This transaction is valued at $350,009, reflecting a strong vote of confidence in the company’s future prospects.
Recent Updates on REZI stock
Resideo Technologies recently concluded its 2024 fiscal year with strong financial results, as highlighted in its Q4 earnings call. The company reported a significant 8% year-over-year increase in net revenue, reaching approximately $6.8 billion, and a 17% growth in adjusted EBITDA to $700 million. Key drivers of this performance included successful product launches, such as the Focus Pro thermostat and VISTA security products, and the integration of Snap One, which contributed to a 39% year-over-year growth in the ADI segment. Despite challenges in the security channel and competitive pricing pressures, Resideo’s strategic initiatives, including e-commerce expansion, have bolstered its market position. The company also set a new record in cash flow generation, with $444 million from operations. Looking forward, Resideo anticipates continued revenue growth and margin expansion in 2025, with a focus on mitigating tariff uncertainties and capitalizing on profitable growth opportunities.
More about Resideo Technologies
YTD Price Performance: -17.87%
Average Trading Volume: 956,089
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.77B
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