Resideo Technologies, Inc. has recently released its 10-Q report, providing a detailed insight into the company's financial performance and operations. Resideo Technologies, Inc. is a leading global manufacturer, developer, and distributor of technology-driven sensing and controls products and solutions. The company operates in two segments, Products and Solutions, and ADI Global Distribution, offering a wide range of comfort, energy management, safety, and security solutions to residential and commercial markets.
The 10-Q report provides an overview of the company's financial condition and results of operations. For the second quarter of 2025, Resideo Technologies reported a net revenue of $1.94 billion, marking a 22.3% increase from the same period in 2024. The gross profit margin also improved to 29.3%, compared to 28.1% in the second quarter of 2024. The company reported an income from operations of $177 million, or 9.1% of revenue, compared to $122 million, or 7.7% of revenue in the second quarter of 2024.
The report also outlines the company's outlook for the remainder of 2025, acknowledging the highly dynamic global macroeconomic environment. Resideo Technologies anticipates executing its business operations against ongoing uncertainties, including the global tariff environment, potential changes in inflation and interest rates, and supply chain dynamics influenced by geopolitics. As a result, the company updated its 2025 revenue outlook to be up low double-digits year-over-year.
In terms of specific financials, the report highlights that net revenue for the three months ended June 28, 2025, was $1.943 billion, an increase of $354 million, or 22.3%, from the same period in 2024. The gross profit for the same period was $569 million, an increase of $122 million, or 27.3%, compared to the second quarter of 2024. Additionally, research and development expenses for the three months ended June 28, 2025, were $41 million, marking a significant increase of 95.2% from the same period in 2024.
As a result of these announcements, the company's shares have moved 1.82% on the market, and are now trading at a price of $26.23. Check out the company's full 10-Q submission here.
