NYSE$REZI
Resideo Technologies Inc · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Resideo reported a 3% increase in net revenue and an adjusted EBITDA decrease of $34 million year-over-year.
Resideo's Q4 2019 results showed a mix of performance with strong growth in ADI Global Distribution offset by challenges in the Products & Solutions business. Consolidated revenue increased by 3%, but adjusted EBITDA declined by 25%. The company is implementing a financial and operational review to drive improved performance.
- Net Revenue increased by 3% year-over-year to $1.3 billion.
- Adjusted EBITDA was $104 million, a decrease of $34 million year-over-year.
- GAAP Net Loss was $9 million, while adjusted Net Income was $48 million.
- ADI Global Distribution revenue increased by 10%, driven by growth in key product lines.
Headline financials
Revenue & EPS history
Resideo · Revenue · Quarterly
$1.3B
Revenue by segment
Resideo · $1.3B total across 2 segments · Q4 2019
- ADI Global Distribution$729M+9.8%55.9%
- Products and Solutions$575M-4.5%44.1%
Forward guidance
For full-year 2020, Resideo expects revenue growth of 2-4% and adjusted EBITDA in the range of $420 - $450 million.
Tailwinds
- Revenue growth of 2-4% is expected.
- Mid-single-digit percentage growth in ADI is anticipated.
- Flat to low-single-digit percentage growth in Products & Solutions is projected.
- Adjusted EBITDA is expected to be in the range of $420 - $450 million.
- Improved performance in Resideo’s base business is expected.
Headwinds
- Guidance is subject to risks and uncertainties.
- Ability to execute on revenue and gross margin opportunities is uncertain.
- Reducing selling, general, and administrative expenses is a challenge.
- Realizing cost savings through structural efficiencies and working capital management is uncertain.
- Ability to address disputes with Honeywell may impact guidance.
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 Q4 2019
+2.6%
Avg return
Earnings day
+1.5%
Avg return
5 days after
+3.8%
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% | -17.0% | |
| 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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