Resideo Technologies, Inc. (REZI) Tops Q1 EPS by 9c, Revenues Miss

Resideo Technologies, Inc. (NYSE: REZI) reported Q1 EPS of $0.24, $0.09 better than the analyst estimate of $0.15. Revenue for the quarter came in at $1.18 billion versus the consensus estimate of $1.21 billion.

"We have been operating through a period of unprecedented challenges for the global economy and our industry," said Andy Teich, the lead independent director of Resideo. "Our primary focus has been the health, safety and well-being of our employees, professional installers, and customers. We began to experience COVID-19 pandemic related headwinds during March and responded by taking decisive actions to reduce costs and maximize our financial flexibility. Looking ahead, we will continue to work diligently to safeguard our employees, professional installers and customers during these uncertain times. In addition, we remain committed to best positioning Resideo for long-term sustainable growth. While near term challenges remain, we are confident that Resideo is well-positioned across our markets with leading brands and strong pro-channel loyalty supported by established global scale."

For earnings history and earnings-related data on Resideo Technologies, Inc. (REZI) click here.

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