earnings
confidence high
sentiment neutral
materiality 0.70
Resideo Q3 revenue up 10% to $1.5B; net income down to $68M; updates FY outlook
RESIDEO TECHNOLOGIES, INC.
2021-Q3 EPS reported
$1.18
revenue$4,392,000,000
- Net revenue $1.5B, +10% YoY; gross margin 27.8%, up 60 bps.
- Operating profit $167M vs $131M; net income $68M ($0.46 diluted EPS) vs $75M ($0.60).
- Cash from operations $104M, up from $21M; cash $686M, debt $1.2B.
- FY2021 outlook: revenue $5.83-5.88B, op profit $558-568M; Q4 revenue $1.44-1.49B.
- ADI gross margin improved 200 bps; Products & Solutions margin down 140 bps on higher costs.