Resideo Technologies Reports Strong Q1 2025 Growth

Resideo Technologies ( (REZI) ) has released its Q1 earnings. Here is a breakdown of the information Resideo Technologies presented to its investors.

Resideo Technologies, Inc. is a global leader in manufacturing, developing, and distributing technology-driven sensing and controls products for residential and commercial markets, known for its strong presence in home safety and security products. In the first quarter of 2025, Resideo reported a net revenue of $1.77 billion, marking a 19% increase compared to the previous year, with significant contributions from both its ADI Global Distribution and Products and Solutions segments. The company achieved a gross margin of 28.9%, an improvement of 200 basis points year-over-year, and reported an adjusted EBITDA of $168 million, up 23% from the previous year. Despite a net income drop to $6 million due to increased expenses related to the Honeywell Reimbursement Agreement, the company exceeded expectations with an adjusted EPS of $0.63. Resideo’s strategic integration of Snap One into ADI is progressing ahead of schedule, contributing to the strong revenue growth. The Products and Solutions segment saw a 5% increase in net revenue, driven by new product launches and increased demand in HVAC and electrical distribution channels. Looking forward, Resideo remains optimistic about its growth prospects, reaffirming its 2025 outlook and focusing on long-term profitable growth and value creation despite the volatile macro-economic environment.