Resideo Q3 revenue up 8% to $1.62B; EPS $0.42 vs $0.46; guides Q4 revenue $1.55-1.60B

RESIDEO TECHNOLOGIES, INC.

2022-Q3 EPS reported $1.64 revenue$4,810,000,000

Net revenue $1.62B (+8% YoY); gross margin 26.6% vs 28.1%; operating profit $155M vs $167M.
Diluted EPS $0.42 vs $0.46; includes $13M pre-spin Honeywell litigation settlement in other expense.
Products & Solutions rev $707M (+12%) but op profit fell 21% to $124M on First Alert costs and inflation.
ADI rev $911M (+5%); op profit $78M (+7%); e-commerce sales up 22% to 18% of ADI total.
Q4 2022 guidance: revenue $1.55-1.60B, gross margin 26.5-27.5%, op profit $130-140M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RESIDEO TECHNOLOGIES, INC. reported full year 2022 results: revenue $6.36 billion to $6.41 billi.

Period: full year 2022
Revenue: $6.36 billion to $6.41 billi
Result: guidance update

Exact text from the filing

Based on the current outlook for the fourth quarter, the company now expects full year 2022 revenue to be in the range of $6.36 billion to $6.41 billi

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RESIDEO TECHNOLOGIES, INC. reported fourth quarter 2022 results: revenue $1.55 billion to $1.60 billion.

Period: fourth quarter 2022
Revenue: $1.55 billion to $1.60 billion
Result: guidance update

Exact text from the filing

The company expects fourth quarter 2022 revenue to be in the range of $1.55 billion to $1.60 billion, gross profit margin in the range of 26.5% to 27.5% and operating profit in the range of $130 million to $140 million.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RESIDEO TECHNOLOGIES, INC. reported the third quarter ended October 1, 2022 results: revenue $1.62 billion, net income $63 million, EPS $0.42 per diluted common share.

Period: the third quarter ended October 1, 2022
Revenue: $1.62 billion
Net income: $63 million
EPS: $0.42 per diluted common share
Result: reported results

Exact text from the filing

Net revenue of $1.62 billion, up 8% from $1.50 billion in the third quarter 2021 • Gross profit margin of 26.6%, compared to 28.1% in the prior year comparable period • Operating profit of $155 million, or 9.6% of revenue, compared to $167 million, or 11.2% of revenue, in the third quarter 2021 • Fully diluted earnings per share of $0.42, compared to $0.46 per share in the same quarter last year

View on SEC.gov

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RESIDEO TECHNOLOGIES, INC. filing history →

Source: SEC EDGAR

accession 0001193125-22-275018

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