secwatch.observer — SEC 8-K summary
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Issuer:     RESIDEO TECHNOLOGIES, INC. (REZI)
CIK:        0001740332
Form:       8-K
Filed at:   2023-02-15T23:59:59+00:00
Accession:  0001193125-23-040196
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Resideo posts record FY2022 revenue $6.37B; cuts ~5% workforce for $70M annual savings
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- FY2022 revenue $6.37B (+9% YoY); net income $283M ($1.90 EPS) vs $242M ($1.63) prior year.
- Q4 revenue $1.56B (+7% YoY); net income $39M ($0.26 EPS) down from $67M ($0.45) in Q4 2021.
- Cost reduction actions: ~5% global workforce reduction, $70M annualized savings expected; $35M restructuring charge in Q4 2022.
- Products & Solutions revenue $2.78B (+13% YoY); ADI revenue $3.59B (+6% YoY), operating profit up 17%.
- 2023 guidance: revenue $6.2-6.55B, EPS $1.85-2.15; Q1 revenue $1.52-1.56B, EPS $0.29-0.39.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1740332/000119312523040196/0001193125-23-040196-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1740332/000119312523040196/d382048d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-040196

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer