earnings
confidence high
sentiment positive
materiality 0.85
Resideo reports FY2024 net revenue $6.76B (+8% YoY); Q4 rev $1.86B (+21%); initiates 2025 outlook
RESIDEO TECHNOLOGIES, INC.
2024-FY EPS reported
$0.61
revenue$6,761,000,000
- FY2024 net revenue $6.76B (up 8% YoY), net income $116M, adj EBITDA $693M (up 17%), adj EPS $2.29.
- Q4 2024 net revenue $1.86B (up 21% YoY), net income $23M, adj EPS $0.59.
- Full year operating cash flow $444M, a new record; company exceeded high-end of all four key metrics.
- Snap One integration ahead of schedule; both ADI and Products and Solutions delivered organic revenue growth.
- Products and Solutions Q4 gross margin 40.8%, seventh consecutive quarter of YoY improvement.