---
schema_version: "secwatch.filing_event.v1"
accession: "0001740332-23-000013"
form_type: "8-K"
ticker: "REZI"
cik: "0001740332"
company_name: "RESIDEO TECHNOLOGIES, INC."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:21:36.066603+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Resideo Q1 revenue up 3% to $1.55B but EPS falls to $0.38 from $0.58; adj. EBITDA margin shrinks

## Summary
- Net income of $57M vs $87M YoY; GAAP diluted EPS $0.38 vs $0.58; non-GAAP EPS $0.39 vs $0.63.
- Products & Solutions revenue $658M (+6%) but operating profit down 24% to $117M; gross margin fell 530bps.
- ADI revenue flat at $891M; operating profit down 10% to $72M; e-commerce grew 17%.
- Consolidated gross margin down 200bps to 27.1%; operating profit $138M vs $172M YoY.
- Q2 2023 outlook: revenue $1.59B-$1.64B, EPS $0.41-$0.51; FY 2023 revenue $6.2B-$6.55B, EPS $1.80-$2.00.

## SEC filing metadata
- accession: 0001740332-23-000013
- form_type: 8-K
- ticker: REZI
- cik: 0001740332
- company_name: RESIDEO TECHNOLOGIES, INC.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1740332/000174033223000013/0001740332-23-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1740332/000174033223000013/rezi-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001740332-23-000013
- JSON: https://secwatch.observer/filing/0001740332-23-000013.json
- Plain text: https://secwatch.observer/filing/0001740332-23-000013.txt

## Key facts
- Earnings Releases
  RESIDEO TECHNOLOGIES, INC. reported first quarter ended April 1, 2023 results: revenue $1.55 billion, net income $57 million, EPS $0.38 per diluted common share. Guidance reaffirmed.
  - Period: first quarter ended April 1, 2023
  - Revenue: $1.55 billion
  - Net income: $57 million
  - EPS: $0.38 per diluted common share
  - Guidance: reaffirmed
  - Result: reported results
  source text: data com, and other product categories, today announced financial results for the first quarter ended April 1, 2023 . First Quarter 2023 Financial Highlights • Net revenue of $1.55 billion, up 3% from $1.51 billion in the first quarter 2022 • Income from operations of $138 million, or 8.9% of revenue, compared to $172 million, or 11.4% of revenue in the first
  evidence_url: https://www.sec.gov/Archives/edgar/data/1740332/000174033223000013/0001740332-23-000013-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.