Resideo reports Q1 adjusted EPS 63c consensus 31c

Reports Q1 revenue $1.77B, consensus $1.74B. The company said, “Resideo (REZI) had a strong first quarter, reporting results at or above the high-end of the range for all of our key financial metrics. The ADI and Products and Solutions teams continued their excellent operational execution, with both segments generating organic net revenue growth, continued gross margin expansion, and healthy Adjusted EBITDA growth. We are re-affirming our 2025 outlook. Looking ahead, we see profitable growth opportunities for both business segments even amid the current, volatile macro-economic environment. ADI continues to demonstrate leadership in the commercial market, and the integration of Snap One is ahead of our expectations. Products and Solutions continues to expand gross margins and launch new products that the market wants.”