secwatch.observer — SEC 8-K summary
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Issuer:     RESIDEO TECHNOLOGIES, INC. (REZI)
CIK:        0001740332
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001740332-23-000019
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1740332/000174033223000019/0001740332-23-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1740332/000174033223000019/rezi-20230803.htm
  HTML page:      https://secwatch.observer/filing/0001740332-23-000019

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