secwatch.observer — SEC 8-K summary
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Issuer:     RESIDEO TECHNOLOGIES, INC. (REZI)
CIK:        0001740332
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0001740332-24-000016
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Resideo reports Q4 2023 GAAP EPS $0.56, revenue $1.54B; guides 2024 revenue $6.08-6.28B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1740332/000174033224000016/0001740332-24-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1740332/000174033224000016/rezi-20240213.htm
  HTML page:      https://secwatch.observer/filing/0001740332-24-000016

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