RESIDEO TECHNOLOGIES INC
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
REZI$20.05+3.4%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
| Years Ended December 31, | |||
|---|---|---|---|
| (in millions, except per share data) | 2024 | 2023 | 2022 |
| Net revenue | $6,761 | $6,242 | $6,370 |
| Cost of goods sold | 4,860 | 4,546 | 4,604 |
| Gross profit | 1,901 | 1,696 | 1,766 |
| Operating expenses: | |||
| Research and development expenses | 111 | 109 | 111 |
| Selling, general and administrative expenses | 1,138 | 960 | 974 |
| Intangible asset amortization | 80 | 38 | 35 |
| Restructuring, impairment and extinguishment costs | 52 | 42 | 35 |
| Total operating expenses | 1,381 | 1,149 | 1,155 |
| Income from operations | 520 | 547 | 611 |
| Other expenses, net | 218 | 169 | 139 |
| Interest expense, net | 81 | 65 | 54 |
| Income before taxes | 221 | 313 | 418 |
| Provision for income taxes | 105 | 103 | 135 |
| Net income | 116 | 210 | 283 |
| Less: preferred stock dividends | 19 | — | — |
| Less: undistributed income allocated to preferred stockholders | 6 | — | — |
| Net income available to common stockholders | $91 | $210 | $283 |
| Earnings per common share: | |||
| Basic | $0.62 | $1.43 | $1.94 |
| Diluted | $0.61 | $1.42 | $1.90 |
| Weighted average common shares outstanding: | |||
| Basic | 146 | 147 | 146 |
| Diluted | 149 | 148 | 149 |
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