Resideo reports Q4 EPS 59c, two estimates 56c

Reports Q4 revenue $1.86B, consensus $1.84B. “Resideo (REZI) finished 2024 in a strong position, exceeding the high-end of the range for all four of our key financial metrics. The ADI and Products and Solutions teams drove excellent operational execution, generating organic net revenue growth in both segments, continued gross margin expansion, healthy Adjusted EBITDA growth, and record operating cash generation,” said Jay Geldmacher, CEO. “As we look ahead to 2025, Resideo remains focused on growing organically and expanding the company’s margin profile. With the Snap One integration well underway and synergy capture ahead of schedule, ADI has momentum from its broad-based product category strength and positive returns from its strategic e-commerce and Exclusive Brands investments. And within Products and Solutions, we are excited by the continued gross margin expansion and the new product introductions to come in 2025. We believe Resideo is well-positioned to capitalize on the profitable growth opportunities ahead of us.”