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Resideo Technologies Inc (REZI)
NYSE:REZI
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.51Last Year’s EPS
0.48Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 07, 2019
|% Change Since: 5.56%
|Next Earnings Date:Nov 13, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment with strong financial performance, including record adjusted EBITDA growth, significant cash flow increase, and successful product launches. However, challenges remain in the EMEA market and with ADI's margins, which are being addressed.Company Guidance
During the Resideo Q3 2024 earnings call, the company reported strong performance metrics, including mid-single-digit year-over-year organic revenue growth in both the Products and Solutions and ADI segments. The total company gross margin expanded by nearly 200 basis points, and adjusted EBITDA was $190 million, representing a 29% increase from the previous year. The Products and Solutions segment achieved a gross margin of 42.2%, up 350 basis points year-over-year, while ADI reported a significant 31% year-over-year sales growth. Resideo also projected a full-year 2024 revenue range of $6.72 billion to $6.76 billion, with adjusted EBITDA expected between $672 million and $687 million. Additionally, the company highlighted its successful integration of Snap One and ongoing product innovations, including the launch of the Honeywell Home Focus Pro thermostat line.Record Adjusted EBITDA Growth
The company reported an adjusted EBITDA of $190 million, up 29% year-over-year, delivering profitability above the high end of the outlook range.
Strong Organic Revenue Growth
Both Products and Solutions and ADI segments achieved mid-single-digit year-over-year organic revenue growth, marking the first quarter of such growth since Q2 2022.
Gross Margin Expansion
Total company gross margin expanded by almost 200 basis points year-over-year, with Products and Solutions gross margin up 350 basis points.
Successful Product Launches
Introduction of the Honeywell Home Focus Pro thermostat line and a major update to the VISTA security product line, with positive initial customer response.
Significant Cash Flow Increase
Q3 cash from operations was $147 million, compared with $60 million in Q3 last year, a 145% increase.
Integration of Snap One
The integration of Snap One into ADI is progressing well, with $12 million of synergies expected in 2024 and a target of $75 million annual synergies by 2026.
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REZI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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REZI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $21.75 | $24.01 | +10.39% |
| Aug 08, 2024 | $19.22 | $18.74 | -2.50% |
| May 02, 2024 | $19.73 | $20.49 | +3.85% |
| Feb 13, 2024 | $17.08 | $21.09 | +23.48% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Resideo Technologies Inc (REZI) report earnings?
Resideo Technologies Inc (REZI) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Resideo Technologies Inc (REZI) earnings time?
Resideo Technologies Inc (REZI) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is REZI EPS forecast?
REZI EPS forecast for the fiscal quarter 2024 (Q4) is 0.51.
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