Resideo Technologies, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 13, 2024 at 04:05 pm EST
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Resideo Technologies, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 1,537 million compared to USD 1,560 million a year ago. Net income was USD 82 million compared to USD 39 million a year ago. Basic earnings per share from continuing operations was USD 0.56 compared to USD 0.26 a year ago. Diluted earnings per share from continuing operations was USD 0.56 compared to USD 0.26 a year ago.
For the full year, sales was USD 6,242 million compared to USD 6,370 million a year ago. Net income was USD 210 million compared to USD 283 million a year ago. Basic earnings per share from continuing operations was USD 1.43 compared to USD 1.94 a year ago. Diluted earnings per share from continuing operations was USD 1.42 compared to USD 1.9 a year ago.
Resideo Technologies, Inc. is a manufacturer and developer of technology-driven products and solutions. Its segments include Products and Solutions and ADI Global Distribution. The Products and Solutions segment offers temperature and humidity control, thermal and combustion solutions, water and indoor air quality solutions, smoke and carbon monoxide detection home safety products and fire suppression products, security panels, sensors, peripherals, communications devices, video cameras, other home-related lifestyle convenience solutions, cloud infrastructure, installation and maintenance tools, and related software. The ADI Global Distribution segment is a wholesale distributor of low-voltage security products including security, fire, access control and video products, and participates significantly in the broader related markets of smart home, access control, power, audio, ProAV, networking, communications, wire and cable, enterprise connectivity, and structured wiring products.
RESIDEO TECHNOLOGIES, INC. 
