Resideo Technologies, Inc. (REZI)

Resideo Technologies Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	6,761	6,242	6,370	5,846	5,071
Revenue Growth (YoY)	8.31%	-2.01%	8.96%	15.28%	1.66%
Cost of Revenue	4,860	4,546	4,604	4,262	3,727
Gross Profit	1,901	1,696	1,766	1,584	1,344
Selling, General & Admin	1,138	951	935	899	891
Research & Development	111	109	111	86	74
Other Operating Expenses	59	-	-	-	-
Operating Expenses	1,388	1,098	1,081	1,015	995
Operating Income	513	598	685	569	349
Interest Expense	-81	-65	-54	-47	-63
Other Non Operating Income (Expenses)	-211	-	-21	-23	1
EBT Excluding Unusual Items	221	533	610	499	287
Merger & Restructuring Charges	-	-60	-35	-	-40
Gain (Loss) on Sale of Assets	-	18	-	-	-
Other Unusual Items	-	-178	-157	-146	-146
Pretax Income	221	313	418	353	101
Income Tax Expense	105	103	135	111	64
Net Income	116	210	283	242	37
Preferred Dividends & Other Adjustments	25	-	-	-	-
Net Income to Common	91	210	283	242	37
Net Income Growth	-44.76%	-25.80%	16.94%	554.05%	2.78%
Shares Outstanding (Basic)	146	147	146	144	125
Shares Outstanding (Diluted)	149	148	149	148	126
Shares Change (YoY)	0.68%	-0.67%	0.68%	17.46%	2.24%
EPS (Basic)	0.62	1.43	1.94	1.68	0.30
EPS (Diluted)	0.61	1.42	1.90	1.63	0.29
EPS Growth	-57.04%	-25.26%	16.56%	462.07%	0%
Free Cash Flow	364	335	67	252	174
Free Cash Flow Per Share	2.44	2.26	0.45	1.70	1.38
Gross Margin	28.12%	27.17%	27.72%	27.10%	26.50%
Operating Margin	7.59%	9.58%	10.75%	9.73%	6.88%
Profit Margin	1.35%	3.36%	4.44%	4.14%	0.73%
Free Cash Flow Margin	5.38%	5.37%	1.05%	4.31%	3.43%
EBITDA	657	696	779	657	435
EBITDA Margin	9.72%	11.15%	12.23%	11.24%	8.58%
D&A For EBITDA	144	98	94	88	86
EBIT	513	598	685	569	349
EBIT Margin	7.59%	9.58%	10.75%	9.73%	6.88%
Effective Tax Rate	47.51%	32.91%	32.30%	31.44%	63.37%

Source: S&P Capital IQ. Standard template. Financial Sources.