earnings
confidence high
sentiment positive
materiality 0.85
Resideo Q2 2022 revenue up 14% to $1.69B; EPS $0.63 vs $0.39; raises guidance
RESIDEO TECHNOLOGIES, INC.
2022-Q2 EPS reported
$1.22
revenue$3,192,000,000
- Record revenue of $1.69B, up 14% YoY; gross margin 27.7% (+160bps); operating profit $186M vs $121M.
- Products & Solutions revenue $764M (+28%), includes First Alert; ADI revenue $922M (+5%) with record operating profit.
- Diluted EPS $0.63 vs $0.39; operating cash flow $35M vs $94M on working capital build.
- Full-year 2022 guidance: revenue $6.45B-$6.65B, operating profit $690M-$720M.
- Q3 2022 outlook: revenue $1.67B-$1.72B, operating profit $165M-$175M.