earnings
confidence high
sentiment neutral
materiality 0.75
Resideo reports Q4 2023 GAAP EPS $0.56, revenue $1.54B; guides 2024 revenue $6.08-6.28B
RESIDEO TECHNOLOGIES, INC.
2023-FY EPS reported
$1.42
revenue$6,242,000,000
- Full year 2023: revenue $6.24B (-2% YoY); GAAP EPS $1.42; non-GAAP EPS $1.58; operating cash flow $440M.
- Q4 2023 net revenue $1.54B (down from $1.56B); GAAP EPS $0.56 (vs $0.26); non-GAAP EPS $0.48 (vs $0.25).
- Products & Solutions revenue $2.67B (-4%); gross margin 38.6%; sold Genesis Cable for $86M in Oct 2023.
- ADI segment revenue flat at $3.57B; gross margin down 70bps to 18.7%; e-commerce grew 8%.
- 2024 guidance: Q1 revenue $1.46-1.51B; FY revenue $6.08-6.28B; non-GAAP EPS $1.48-$1.88; op cash flow ≥$320M.