NYSE$REZI
Resideo Technologies Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Financial results were mixed due to ADI growth offsetting Products & Solutions headwinds.
Resideo's Q3 2022 net revenue reached $1.62 billion, an 8% increase year-over-year. However, the gross profit margin decreased to 26.6%, and operating profit fell to $155 million. ADI's growth was strong, but Products & Solutions faced revenue and profitability challenges.
- Net revenue increased by 8% to $1.62 billion compared to Q3 2021.
- Gross profit margin decreased to 26.6% from 28.1% in the prior year.
- Operating profit was $155 million, down from $167 million in Q3 2021.
- Earnings per share were $0.42, compared to $0.46 in the same quarter last year.
Headline financials
Revenue & EPS history
Resideo · Revenue · Quarterly
$1.62B
Revenue by segment
Resideo · $1.62B total across 2 segments · Q3 2022
- ADI Global Distribution$911M+5.3%56.3%
- Products and Solutions$707M+12.0%43.7%
Forward guidance
Resideo anticipates Q4 2022 revenue between $1.55 billion and $1.60 billion, with a gross profit margin of 26.5% to 27.5% and an operating profit of $130 million to $140 million. Full year 2022 revenue is expected to be in the range of $6.36 billion to $6.41 billion.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2022
+2.6%
Avg return
Earnings day
+1.5%
Avg return
5 days after
+4.4%
Avg return
30 days after
62%
23 / 37 earnings
Positive
+63.4%
Q3 2020
Best reaction
-33.0%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.7% | -24.5% | — | |
| Q4 2025 | +14.9% | +7.2% | -6.7% | |
| Q3 2025 | -1.0% | +1.6% | +8.0% | |
| Q1 2025 | +8.8% | +21.0% | +21.1% | |
| Q4 2024 | -9.2% | -10.8% | -16.6% | |
| Q3 2024 | +9.6% | +14.0% | +24.5% | |
| Q2 2024 | -0.4% | -2.0% | -3.0% | |
| Q1 2024 | +6.2% | +8.0% | +12.0% | |
| Q4 2023 | +18.4% | +24.8% | +27.1% | |
| Q3 2023 | +7.3% | +11.2% | +16.1% | |
| Q2 2023 | -16.8% | -14.4% | -6.9% | |
| Q1 2023 | -7.1% | -5.5% | -1.8% | |
| Q4 2022 | +2.4% | +3.8% | -11.8% | |
| Q3 2022 | -33.0% | -31.9% | -32.6% | |
| Q2 2022 | +0.4% | -2.4% | -8.1% | |
| Q1 2022 | +11.5% | +4.9% | +3.0% | |
| Q4 2021 | +9.8% | +3.7% | +8.7% | |
| Q3 2021 | -3.3% | -0.6% | -3.0% | |
| Q2 2021 | +4.6% | +0.0% | +4.6% | |
| Q1 2021 | +2.4% | -4.4% | +7.5% | |
| Q4 2020 | -17.1% | -10.9% | +1.7% | |
| Q3 2020 | +63.4% | +62.9% | +76.1% | |
| Q2 2020 | +19.9% | +19.4% | +19.0% | |
| Q1 2020 | +9.1% | +21.1% | +89.9% | |
| Q4 2019 | +15.5% | +14.6% | -39.1% | |
| Q3 2019 | -6.8% | -14.0% | +2.5% | |
| Q2 2019 | -1.4% | -10.0% | -17.3% | |
| Q1 2018 | -1.0% | -1.7% | -11.2% | |
| Q1 2019 | -1.0% | -1.7% | -11.2% | |
| Q2 2017 | +2.9% | -1.2% | +3.5% | |
| Q1 2017 | +2.9% | -1.2% | +3.5% | |
| Q4 2016 | +2.9% | -1.2% | +3.5% | |
| Q2 2018 | +2.9% | -1.2% | +3.5% | |
| Q4 2018 | -20.1% | -17.9% | -19.2% | |
| Q3 2017 | +0.6% | -1.6% | +3.5% | |
| Q3 2018 | +0.6% | -1.6% | +3.5% | |
| Q4 2017 | +0.6% | -1.6% | +3.5% |
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