Resideo Q1 revenue $1.49B, net income $43M; director Andrew Teich named Vice Chair to oversee Snap One

RESIDEO TECHNOLOGIES, INC.

2024-Q1 EPS reported $0.29 revenue$1,486,000,000

Q1 net revenue $1.49B, down 4% YoY; net income $43M vs $57M prior year.
Diluted EPS $0.29 (adjusted $0.47) vs $0.38 ($0.51) prior year.
Adjusted EBITDA $137M at higher end of outlook range.
Products & Solutions gross margin 39.5%, fourth consecutive YoY improvement.
Director Andrew Teich appointed Vice Chair effective May 1, overseeing Snap One acquisition and transformation.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RESIDEO TECHNOLOGIES, INC. reported the first quarter ended March 30, 2024 results: revenue $1.49 billion, net income $43 million, EPS $0.29.

Period: the first quarter ended March 30, 2024
Revenue: $1.49 billion
Net income: $43 million
EPS: $0.29
Result: reported results

Exact text from the filing

and solutions for homes and businesses, today announced financial results for the first quarter ended March 30, 2024 . First Quarter 2024 Financial Highlights • Net revenue of $1.49 billion, down 4% compared to $1.55 billion in the first quarter 2023 • Net income of $43 million compared to $57 million in the first quarter 2023 • Fully diluted EPS of $0.29 and $0.38

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RESIDEO TECHNOLOGIES, INC. filing history →

Source: SEC EDGAR

accession 0001740332-24-000043

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