Resideo Technologies Inc is a leading provider of technology-driven solutions for the HVAC, security, and home automation markets
The company specializes in manufacturing and distributing a wide range of products including thermostats, security systems, and home monitoring devices. Resideo focuses on enhancing the comfort, safety, and efficiency of residential environments through innovative smart home technologies. Additionally, the company supports professionals in the field with access to advanced services and resources, positioning itself as a trusted partner in the evolving landscape of home connectivity and energy management.
Resideo has had an impressive run over the past six months as its shares have beaten the S&P 500 by 13.9%. The stock now trades at $24.20, marking a 23.6% gain. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Resideo (NYSEREZI) and the best and worst performers in the building materials industry.
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Home automation and security solutions provider Resideo Technologies (NYSEREZI) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 17.6% year on year to $1.83 billion. The company expects next quarter’s revenue to be around $1.84 billion, coming in 1.2% above analysts’ estimates. Its non-GAAP profit of $0.58 per share was 6.5% below analysts’ consensus estimates.
Home automation and security solutions provider Resideo Technologies (NYSEREZI)
will be announcing earnings results tomorrow after market hours. Here’s what investors should know.
Resideo Technologies Inc's acquisition of Snap One Holdings Corp has sparked investor interest. Snap One will be acquired by Resideo for $1.4B in cash.
Shares of Sony Group Corporation (NYSESONY) fell during Wednesday’s session after the company reported third-quarter financial results and revised guidance above estimates and shared plans to list its financial arm in October 2025.
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