NYSE$REZI
Resideo Technologies Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Resideo's revenue increased by 7% year-over-year, but operating income decreased due to restructuring expenses.
Resideo Technologies reported a 7% increase in revenue for Q4 2022, reaching $1.56 billion. However, operating income decreased to $98 million compared to $141 million in the prior year, impacted by $35 million in restructuring and impairment expenses. Fully diluted earnings per share also decreased from $0.45 to $0.26.
- Net revenue increased by 7% to $1.56 billion compared to Q4 2021.
- Gross profit margin remained flat at 27.6% compared to the prior year quarter.
- Operating income decreased to $98 million, impacted by $35 million in restructuring expenses.
- Fully diluted earnings per share decreased to $0.26 from $0.45 in the same quarter last year.
Headline financials
Revenue & EPS history
Resideo · Revenue · Quarterly
$1.56B
Revenue by segment
Resideo · $1.56B total across 2 segments · Q4 2022
- ADI Global Distribution$867M+5.6%55.6%
- Products and Solutions$693M+9.5%44.4%
Forward guidance
The Company’s current first quarter 2023 and full year 2023 outlook includes Revenue $1,520 - $1,560 and $6,200 - $6,550, Gross Profit Margin 26.3% - 27.3% and 26.8% - 27.8%, Income From Operations $120 - $140 and $625 - $675, Earnings Per Share $0.29 - $0.39 and $1.85 - $2.15.
Tailwinds
- Revenue between $1,520 - $1,560 for Q1 2023
- Revenue between $6,200 - $6,550 for FY 2023
- Gross Profit Margin between 26.3% - 27.3% for Q1 2023
- Gross Profit Margin between 26.8% - 27.8% for FY 2023
- Earnings Per Share between $0.29 - $0.39 for Q1 2023
Headwinds
- Income From Operations between $120 - $140 for Q1 2023
- Income From Operations between $625 - $675 for FY 2023
- Earnings Per Share between $1.85 - $2.15 for FY 2023
- Uncertainty around the macro-economic environment
- Residential market outlook
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 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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