Resideo reports Q1 adjusted EPS 65c vs. 63c last year

Reports Q1 revenue $1.91B vs. $1.1770B last year. “Our Q1 results reflect the continued strong operational execution of both businesses in a dynamic macro-economic environment, resulting in results that exceeded the high end of our outlook range for all financial metrics,” said Jay Geldmacher, Resideo’s (REZI) President and CEO. “I am very pleased with the focus, discipline, and leadership demonstrated by the P&S and ADI teams. The team’s operational performance, along with the achievement of key business separation milestones, builds momentum and conviction for each company as we approach completion of the ADI spin-off later this year.”