Resideo Q2 revenue down 5% to $1.60B, EPS $0.34; Board authorizes $150M buyback

RESIDEO TECHNOLOGIES, INC.

2023-Q2 EPS reported $0.72 revenue$3,151,000,000

Revenue $1.60B (-5% YoY); operating profit $153M (-18%); GAAP EPS $0.34 vs $0.63.
Products & Solutions revenue $677M (-11%); ADI revenue $925M (+0.3%).
Cash from operations $121M, up from $35M; total debt $1.41B; cash $381M.
Board approved $150M share repurchase program (unlimited time period).
Q3 2023 guidance: revenue $1,515-1,565M; non-GAAP EPS $0.27-0.37. FY23 adj. EBITDA $538-578M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

RESIDEO TECHNOLOGIES, INC. reported second quarter 2023 results: revenue $1.60 billion, net income $50 million, EPS $0.34 per diluted common share.

Period: second quarter 2023
Revenue: $1.60 billion
Net income: $50 million
EPS: $0.34 per diluted common share
Result: reported results

Exact text from the filing

safety, audio visual, data com, and other product categories, today announced financial results for the second quarter ended July 1, 2023 . Financial Highlights • Net revenue of $1.60 billion compared to $1.69 billion in the second quarter 2022 • Income from operations of $153 million, or 9.6% of revenue, compared to $186 million, or 11.0% of revenue in the second

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Source: SEC EDGAR

accession 0001740332-23-000019

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