Resideo Technologies Stock News

Resideo Technologies (REZI) delivered earnings and revenue surprises of 21.62% and 0%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Resideo Technologies press release (NYSE:REZI): Q4 GAAP EPS of $0.44 beats by $0.07.Revenue of $1.45B misses by $20M.

SCOTTSDALE, Ariz. , Feb. 15, 2022 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI ), a leading global provider of home comfort and security solutions and distributor of commercial and residential security and audio-visual products, today announced financial results for the fourth quarter and full year ended December 31, 2021 . Full Year 2021 Highlights Net revenue of $5.8 billion , up 15% from $5.1 billion in 2020 Gross profit margin of 26.7%, up approximately 80 basis points compared to gross profit margin of 25.9% in the prior year Operating profit of $559 million , or 9.6% of revenue, an increase of 80% from $311 million , or 6.1% of revenue, in 2020 Fully diluted earnings per share of $1.63 compared to fully diluted earnings per share of $0.29 in 2020 Cash provided by operating activities of $315 million compared to $244 million in the prior year Fourth Quarter 2021 Highlights Net revenue of $1.45 billion , down 3% from $1.50 billion in the fourth quarter 2020 Gross profit margin of 27.2%, down approximately 100 basis points compared to gross profit margin of 28.2% in the prior year comparable period Operating profit of $141 million , or 9.7% of revenue, compared to $152 million , or 10.1% of revenue, in the fourth quarter 2020 Fully diluted earnings per share of $0.45 compared to fully diluted earnings per share of $0.44 in the fourth quarter 2020 Cash provided by operating activities of $112 million compared to $152 million in the prior year comparable period Management Remarks "2021 was a year of record performance for Resideo as both ADI and Products & Solutions delivered double digit revenue growth and operating margin expansion," commented Jay Geldmacher , Resideo''s President and CEO. "The team executed through a challenging supply chain environment, stepping up to deliver for our customers.

Resideo Technologies, Inc. (REZI) CEO Jay Geldmacher on Q4 2021 Results - Earnings Call Transcript

Resideo Technologies (REZI) has acquired privately held Arrow Wire & Cable, based in Chino, Calif. Terms of the transaction were not disclosed.Arrow is a leading regional distributor…

Resideo Technologies (NYSE:REZI) is scheduled to announce Q4 earnings results on Tuesday, February 15th, after market close.The consensus EPS Estimate is $0.53 (+20.5% Y/Y) and…

Resideo's (REZI) acquisition of First Alert will enhance its home safety market offerings, manufacturing capabilities and distribution network. Cost synergies are expected by 2023-end.

Resideo's (REZI) acquisition of First Alert will enhance its home safety market offerings, manufacturing capabilities and distribution network. Cost synergies are expected by 2023-end.

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, Inc. (NYSE: REZI) has announced it is buying First Alert from Newell Brands Inc. (Nasdaq: NWL) for $593 million in cash. These are the details.

Resideo Technologies (REZI) agrees to acquire First Alert, a provider of home safety products, from Newell Brands (NWL) for $593M in an all cash transaction, or ~$547M net of…

Newell Brands Inc. announced Monday that it has sold its connected home and security business to Resideo Technologies, Inc., a connected home company that specializes in products like thermostats, humidifiers and security systems. Newell''s connected home and security business includes the First Alert and BRK brands. Gross proceeds from the deal are expected to be $593 million. As a result of the deal, Newell has approved a $375 million share repurchase program. The deal is expected to be neutral for Newell''s 2022 earnings per share. Newell''s other brands include Rubbermaid, Coleman outdoor gear and Calphalon cookware. Newell stock rose 2.6% in Monday premarket trading, but is down 18.4% over the last year. Resideo stock is down 6.7% for the past 12 months. And the S&P 500 index is up 15.8%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Resideo Technologies Inc (NYSE: REZI) has agreed to acquire First Alert Inc, a home safety products provider, from Newell Brands Inc (NASDAQ: NWL) for $593 million in an all-cash transaction. Firs

Resideo Technologies Inc (REZI) shares closed today at 1.9% above its 52 week low of $22.44, giving the company a market cap of $3B. The stock is currently down 9.2% year-to-date, down 5.9% over the past 12 months, and down 18.5% over the past five years. This week, the Dow Jones Industrial Average fell 2.5%, and the S&P 500 fell 4.1%. Trading Activity Trading volume this week was 2.2% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 2.0. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed above its Bollinger band, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -23.1% The company's stock price performance over the past 12 months beats the peer average by -61.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 342.7% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to [email protected]. © 2020 Kwhen Inc.