Brief: Resideo Announces Fourth Quarter And Full Year 2022 Financial Results

Resideo Technologies

15/02/2023 23:05

Feb 15 (Reuters) - Resideo Technologies Inc  REZI.N :
    * RESIDEO ANNOUNCES FOURTH QUARTER AND FULL YEAR 2022
FINANCIAL
RESULTS
    * Q4 REVENUE ROSE 7 PERCENT TO $1.56 BILLION
    * Q4 EARNINGS PER SHARE $0.26
    * INITIATED COST REDUCTION ACTIONS THAT ARE EXPECTED TO
RESULT IN
AN APPROXIMATE 5% DECREASE IN RESIDEO'S GLOBAL WORKFORCE
    * COST REDUCTION ACTIONS TO RESULT IN ABOUT $70 MILLION OF
ANNUALIZED SAVINGS ONCE FULLY IMPLEMENTED
    * SEES Q1 REVENUE BETWEEN $1,520 MILLION - $1,560 MILLION
    * SEES 2023 REVENUE BETWEEN $6,200 MILLION - $6,550 MILLION
    * SEES Q1 EARNINGS PER SHARE BETWEEN $0.29 - $0.39
    * SEES 2023 EARNINGS PER SHARE BETWEEN $1.85 - $2.15
    * Q4 EARNINGS PER SHARE VIEW $0.40, REVENUE VIEW $1.57
BILLION --
REFINITIV IBES DATA
    * Q1 EARNINGS PER SHARE VIEW $0.50, REVENUE VIEW $1.51
BILLION --
REFINITIV IBES DATA
    * FY2023 EARNINGS PER SHARE VIEW $2.27, REVENUE VIEW $6.47
BILLION
-- REFINITIV IBES DATA

Source text for Eikon:  ID:nPn2jfQYSa 
Further company coverage:  REZI.N 
 ((Reuters.Briefs@thomsonreuters.com;))