Resideo Q1 revenue $1.51B (+6% YoY), EPS $0.58, raises FY2022 guidance

RESIDEO TECHNOLOGIES, INC.

2022-Q1 EPS reported $0.58 revenue$1,506,000,000

Net revenue $1.51B (+6% YoY); diluted EPS $0.58 vs $0.33 in Q1 2021.
Gross profit margin 28.8% (+290 bps YoY); operating profit $172M vs $130M.
Products & Solutions revenue $619M (+2% YoY); operating profit $153M (+18%).
ADI revenue $887M (+9% YoY); operating profit $80M (+36%); e-commerce sales +24%.
Completed acquisitions of First Alert and Arrow Wire & Cable; FY2022 revenue guidance $6.45-6.65B.

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