Resideo Q3 revenue falls 4% to $1.55B; GAAP EPS $0.14, non-GAAP $0.41

RESIDEO TECHNOLOGIES, INC.

2023-Q3 EPS reported $0.86 revenue$4,705,000,000

Net revenue $1.55B, down from $1.62B YoY; GAAP EPS $0.14 vs $0.42; non-GAAP EPS $0.41 vs $0.48.
Operating income $109M includes $38M restructuring; Products & Solutions gross margin up 250bps to 38.7%.
Sold Genesis Cable for $87.5M (closed Oct 16); acquired Sfty (life safety monitoring); repurchased 1.8M shares for $30M.
Q4 2023 outlook: revenue $1.495B-$1.545B, GAAP EPS $0.43-$0.53, non-GAAP EPS $0.29-$0.39.
Full-year 2023 guidance: revenue $6.2B-$6.25B, GAAP EPS $1.30-$1.41, non-GAAP EPS $1.39-$1.50.

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 third quarter ended September 30, 2023 results: revenue $1.55 billion, EPS Fully diluted GAAP EPS of $0.14.

Period: third quarter ended September 30, 2023
Revenue: $1.55 billion
EPS: Fully diluted GAAP EPS of $0.14
Result: reported results

Exact text from the filing

data com, and other product categories, today announced financial results for the third quarter ended September 30, 2023 . Third Quarter Financial Highlights • Net revenue of $1.55 billion compared to $1.62 billion in the third quarter 2022 • Income from operations of $109 million, including restructuring charges of $38 million , compared to $155 million in the

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Source: SEC EDGAR

accession 0001740332-23-000025

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