Q1 2025 Resideo Technologies Inc Earnings Call Transcript

May 6, 2025 / 09:00 PM GMT

Release Date Price: $17.47 (-0.80%)

Transcript 10-Q8-K

Key Points

Positve

Resideo Technologies Inc (REZI) reported a 19% year-over-year increase in total net revenue, reaching approximately $1.8 billion.
The company achieved a gross margin of 28.9%, which is an increase of 200 basis points year over year.
Adjusted earnings per share grew 34% year over year to $0.63.
The products and solutions business segment saw 6% organic revenue growth year over year.
The ADI business segment achieved 4% organic revenue growth year over year, despite having two fewer selling days in the quarter.

Negative

The ADI business segment is significantly exposed to China tariffs, which could impact costs.
Revenue in the security channel was down year over year, although the rate of decline is slowing.
The residential audio video category experienced a low single-digit percentage decline due to a soft US residential market.
The company is operating in a highly dynamic and uncertain macroeconomic environment, which affects its ability to tighten outlook ranges.
There is a cautious market outlook with low levels of existing home sales impacting demand for fix and replace and remodel activities.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

REZI.N - Resideo Technologies Inc
Q1 2025 Resideo Technologies Inc Earnings Call
May 06, 2025 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon. My name is Eric, and I will be your conference operator today.

At this time.

Again, thank you.

I would like to hand the conference over to your host today, Chris Lee, global head of strategic finance. You may begin your conference.

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Unidentified_2 [2]
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Thank you, Eric. Good afternoon, everyone, and thank you for joining us for Residio's first quarter 2025 earnings call. On today's call will be Jay Delmacher, Residio's Chief Executive Officer, Mike Harlett, our Chief Financial Officer, Rob Arnas,

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