Resideo Technologies

REZI Q1 2025 Earnings

Reported May 6, 2025 at 4:08 PM ET · SEC Source

Q1 25 EPS

$0.63

BEAT +105.41%

Est. $0.31

Q1 25 Revenue

$1.77B

BEAT +1.95%

Est. $1.74B

vs S&P Since Q1 25

+26.7%

BEATING MARKET

REZI +58.3% vs S&P +31.7%

Market Reaction

Did REZI Beat Earnings? Q1 2025 Results

Resideo Technologies opened 2025 with a standout first quarter, posting non-GAAP adjusted EPS of $0.63 against a consensus estimate of $0.31, a beat of more than 105%, while revenue of $1.77 billion edged past expectations by 1.95% and grew 19.1% yea… Read more Resideo Technologies opened 2025 with a standout first quarter, posting non-GAAP adjusted EPS of $0.63 against a consensus estimate of $0.31, a beat of more than 105%, while revenue of $1.77 billion edged past expectations by 1.95% and grew 19.1% year over year. The primary engine behind that top-line surge was the Snap One acquisition, which added $227 million to ADI Global Distribution and helped lift the segment's revenue 29% to $1.12 billion, with gross margin expanding 360 basis points to 21.6% as Snap One's higher-margin product mix took hold. Products and Solutions contributed as well, with gross margin reaching 41.4%, its eighth consecutive quarter of year-over-year improvement, driven by HVAC channel strength and record BRK product sales tied to new home construction. ADI's e-commerce organic growth of 15% in the quarter underscored the segment's digital momentum as a competitive differentiator. Management reaffirmed its full-year 2025 revenue outlook of $7.29 billion to $7.49 billion and adjusted EPS guidance of $2.23 to $2.47, expressing confidence in offsetting tariff headwinds, with Q2 revenue guided to $1.81 billion to $1.86 billion.

Key Takeaways

  • Mid-single-digit organic revenue growth in both ADI and Products & Solutions segments
  • Snap One acquisition contributing $227 million to ADI revenue
  • Products & Solutions gross margin expansion to 41.4%, eighth consecutive quarter of YoY improvement
  • ADI gross margin up 360 basis points to 21.6% driven by Snap One inclusion and higher-margin e-commerce sales
  • Volume demand increases in HVAC and Electrical Distribution channels
  • Record BRK product sales from increased content per new home and broader customer adoption
  • ADI organic e-commerce channel growth of 15%
  • ADI Exclusive Brands sales grew 26% organically
24/7 Wall St

REZI YoY Financials

Q1 2025 vs Q1 2024, source: SEC Filings

24/7 Wall St

REZI Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“Resideo had a strong first quarter, reporting results at or above the high-end of the range for all of our key financial metrics. The ADI and Products and Solutions teams continued their excellent operational execution, with both segments generating organic net revenue growth, continued gross margin expansion, and healthy Adjusted EBITDA growth. We are re-affirming our 2025 outlook.”

— Jay Geldmacher, Q1 2025 Earnings Press Release