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I am upgrading Resideo Technologies to a buy, as the stock trades at a 25% discount to intrinsic value and has good growth prospects. Revenue growth in FY2025 should be driven by price increases, new product launches, and the Snap One acquisition, despite macroeconomic uncertainty. Margins are expected to come under pressure due to higher input costs.
Insider buying has been fairly slow since the beginning of the month, due largely to the current first-quarter earnings reporting season.
Resideo Technologies (REZI) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.47 per share a year ago.
Resideo Technologies, Inc. (NYSE:REZI ) Q1 2025 Earnings Conference Call May 6, 2025 5:00 PM ET Company Participants Christopher Lee - Global Head of Investor Relations Jay Geldmacher - Chief Executive Officer Thomas Surran - President, Products and Solutions Robert Aarnes - President, Resideo's ADI Global Distribution Business Michael Carlet - Executive Vice President & Chief Financial Officer Conference Call Participants Ian Zaffino - Oppenheimer Erik Woodring - Morgan Stanley Amit Daryanani - Evercore ISI Operator Good afternoon. My name is Eric, and I will be your conference operator today.
Net revenue was $1.77 billion, up 19% year-over-year, at the high-end of outlook range; reflects mid-single-digit organic revenue(1) growth at both ADI and Products and Solutions Total company gross margin was 28.9%, up 200 basis points year-over-year ; Products and Solutions gross margin was 41.4%, eighth consecutive quarter of year-over-year improvement The integration of Snap One into ADI is progressing well and synergy achievement is ahead of plan Over 98% of product costs incurred by the Products and Solutions segment in Mexico are currently exempt from tariffs SCOTTSDALE, Ariz. , May 6, 2025 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI), a leading global manufacturer, developer, and distributor of technology-driven sensing and controls products and solutions for residential and commercial end-markets, today announced financial results for the first quarter ended March 29, 2025.
SCOTTSDALE, Ariz., May 5, 2025 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI), a leading global manufacturer, developer, and distributor of technology-driven sensing and controls products and solutions for residential and commercial end-markets, today announced that it is scheduled to participate at the following investor conferences.
Resideo Technologies (REZI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Resideo Technologies (REZI) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Investors need to pay close attention to Resideo Technologies (REZI) stock based on the movements in the options market lately.
New First Alert Smart Smoke & CO Alarm compatible with Google Home ecosystem and designed for seamless integration with Nest Protect Smart Smoke & CO Alarm SCOTTSDALE, Ariz. , March 28, 2025 /PRNewswire/ -- First Alert, America's most trusted fire-safety brand* owned by Resideo (NYSE: REZI), and Google Home, a technology leader in the smart home, today announced a new life-safety collaboration.