Resideo Q4 Revenue Beats Estimates, Products Segment Sales Up 6.4%
Resideo Technologies posted Q4 revenue of $1.9 billion, up 2% year-over-year and 1.2% above estimates, with EPS of $0.50 delivering a 7.5% surprise. Product solutions revenue rose 6.4% to $712 million versus estimates, while ADI Global Distribution sales dipped 0.5% to $1.18 billion.
1. Q4 Overall Results
Resideo Technologies reported Q4 revenue of $1.9 billion, a 2% increase year-over-year and 1.2% above analyst estimates, with EPS of $0.50 delivering a 7.5% surprise against consensus $0.47.
2. Products & Solutions Performance
Net revenue for Products & Solutions was $712 million versus the $675.7 million estimate, marking a 6.4% year-over-year gain; operating income stood at $137 million against an average projection of $138.75 million.
3. ADI Global Distribution Performance
ADI Global Distribution sales totaled $1.18 billion, a 0.5% decline from a year ago and below the $1.2 billion forecast, with operating income at $51 million versus estimates of $60.42 million.
4. Outlook and Stock Performance
Shares have fallen 1.9% over the past month versus the S&P 500’s 1% decline, and analysts forecast next-quarter EPS of $0.57 on $1.8 billion in revenue, underscoring the importance of upcoming management commentary.