Resideo Technologies - REZI STOCK NEWS

First Alert, owned by Resideo (NYSE: REZI), has partnered with Google Home to launch a new Smart Smoke & Carbon Monoxide (CO) Alarm that integrates with the Nest Protect ecosystem. The new device, priced at $129.99, offers seamless compatibility with Nest Protect Smart Smoke & CO Alarms, enabling synchronized alerts across connected devices.

The alarm features Precision Detection™ technology for early warning detection, addressing modern home construction challenges. Key features include critical safety alerts, heads-up early warning, broad Wi-Fi range, and a dual-app experience through both First Alert and Google Home apps. The system provides voice alerts describing emergency type and location, mobile notifications, and a seven-day low-battery warning.

The product will be available in hardwire or battery-powered options through U.S. and Canadian retailers, the Google Store, FirstAlert.com, and Resideo's professional distribution channels in the coming months. Pre-orders are currently available on FirstAlert.com.

Resideo Technologies (NYSE: REZI) has announced its participation in three major upcoming investor conferences in March 2025. The company's leadership will engage in fireside chats at the following events:

- 46th Annual Raymond James Institutional Investor Conference in Orlando (March 3), featuring CFO Michael Carlet and ADI Global Distribution President Robert Aarnes

- Morgan Stanley Technology, Media & Telecom Conference in San Francisco (March 4), with Products and Solutions President Thomas Surran and Global Head of IR Christopher T. Lee

- JP Morgan 2025 Industrials Conference in New York (March 13), featuring CFO Michael Carlet

All fireside chats will be webcast live on Resideo's Investor Relations website (investor.resideo.com) and archived for 30 days.

Resideo Technologies (NYSE: REZI) reported strong financial results for FY2024, with net revenue of $6.76 billion, up 8% from 2023, exceeding outlook expectations. The company achieved record operating cash flow of $444 million and Adjusted EBITDA of $693 million, up 17% year-over-year.

Q4 2024 showed significant growth with revenue up 21% to $1.86 billion, though net income decreased to $23 million from $82 million in Q4 2023. Products and Solutions segment maintained strong performance with gross margin at 40.8%, marking the seventh consecutive quarter of year-over-year improvement.

Notable developments include the acquisition of Snap One for $1.4 billion, with integration progressing ahead of schedule, achieving $17 million in run-rate synergies. ADI Global Distribution saw 18% revenue growth, while Products and Solutions revenue declined 4% but showed margin improvements.

Resideo Technologies (NYSE: REZI) has announced it will release its fourth quarter and full year 2024 financial results after the NYSE market close on February 20, 2025. The company will host a conference call and webcast at 5:00 p.m. ET on the same day to discuss the results.

Investors can access the webcast through Resideo's Investor Relations website at investor.resideo.com, where related materials will be available before the call. Alternatively, participants can join via phone by dialing 888-660-6357 (U.S. toll-free) or 1-929-201-6127 (international) using conference ID 7301399. A replay will be available following the presentation.

Resideo Technologies (REZI) has unveiled the new Honeywell Home X2S smart thermostat at CES 2025, set to launch in Spring 2025 at $79.99. The Matter-enabled and ENERGY STAR® certified device offers significant energy savings, with heating users saving 22% and cooling users saving 17% on HVAC energy consumption when using the scheduling feature.

The smart thermostat features compatibility with major platforms including Amazon Alexa, Google Home, and Apple Home, while offering control through Resideo's First Alert app. Key features include automatic away mode, indoor air quality monitoring, humidity tracking, and filter replacement reminders. The device utilizes Honeywell Home Thermostat Technology with a UWP® wall-mounting plate for easy installation.

Resideo Technologies (NYSE: REZI) has announced its participation in four upcoming investor conferences in November and December 2024. The schedule includes the NYSE Industrials Conference (Virtual) on November 19, Wells Fargo TMT Summit in Rancho Palos Verdes on December 3, Bank of America Leveraged Finance Conference in Boca Raton on December 4, and Raymond James TMT and Consumer Conference in New York on December 10.

CFO Mike Carlet will participate in fireside chats at both the Bank of America and Raymond James conferences, scheduled for 10:50AM ET and 10:40AM ET respectively. These sessions will be webcast live and available for replay on Resideo's Investor Relations website for 30 days.

Resideo Technologies announced its Q3 2024 financial results, reporting an 18% increase in net revenue year-over-year to $1.83 billion. Net income available to common stockholders was $11 million, down from $21 million in Q3 2023. Adjusted EBITDA rose to $190 million, surpassing the outlook range. The Products and Solutions segment saw a gross margin of 42.2% and net revenue of $645 million, down 1% year-over-year. The ADI Global Distribution segment's net revenue increased 31% to $1,183 million, driven by the Snap One acquisition. Gross margin for ADI improved to 21.3%. Resideo expects continued positive momentum into Q4 2024 and 2025, with Q4 revenue projected between $1.815 billion and $1.855 billion. Full-year 2024 revenue is forecasted between $6.72 billion and $6.76 billion.

Resideo Technologies (NYSE: REZI) announced that President and CEO Jay Geldmacher will retire in 2025. He will remain in his roles until a successor is named and will then serve as a senior advisor. The Board has engaged an executive search firm to find his replacement. Geldmacher highlighted the company's achievements, including portfolio refocusing, improved cash flow, and market expansion. Andrew C. Teich, the current Vice-Chair, is now the Chairman of the Board, replacing Roger B. Fradin. Fradin will continue to advise Resideo. Teich has been with Resideo since its launch and has significant industry experience.

Resideo Technologies, Inc. (NYSE: REZI), a leading global provider of home comfort, life safety and security solutions, and distributor of commercial and residential security and audio-visual products, has announced it will release its third quarter 2024 financial results after the close of the New York Stock Exchange on Thursday, November 7, 2024.

The company will hold a conference call and simultaneous webcast to discuss the results on the same day at 5:00 p.m. ET. Investors and interested parties can access the webcast through the Investor Relations section of Resideo's website at https://investor.resideo.com. Related materials will be posted before the call, and a replay will be available after the presentation.

For those who prefer to join by phone, the conference call can be accessed by dialing 888-660-6357 (U.S., toll-free) or 1-929-201-6127 (international), using the conference title "Resideo Third Quarter 2024 Earnings" or the conference ID: 7301399.