RESIDEO TECHNOLOGIES, INC. (REZI) Form 10-Q — May 12, 2026
Resideo reported net revenue of $1.91 billion for the first quarter, up 8.0% from the prior year, driven by favorable pricing and mix as well as incremental sales days. Net income rose to $38 million compared to $6 million in the prior year, with fully diluted earnings per share of $0.17 versus a loss of $0.02 previously, significantly aided by the elimination of the Indemnification Agreement expense with Honeywell. Despite the revenue growth, income from operations declined 25% to $102 million due to $24 million in business separation costs for the planned ADI Global Distribution spin-off and an 88% increase in interest expense.
Key figures
- Eps
- 0.17
- Revenue
- 1912
- Net Income
- 38
- Total Debt
- 3226
- Revenue Yoy
- 8
- Cash Position
- 438
- Interest Rate
- 5.67
- Operating income
- 102
- Gross profit margin
- 28.8
- Business separation costs
- 24
- Income from operations prior year
- 136
Price after filing
Close on the filing date to close N calendar days later (from $36.68). Historical, not a forecast.
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