Resideo Announces Third Quarter 2024 Financial Results
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Resideo Technologies, Inc. reported strong financial results for Q3 2024, with an 18% year-over-year net revenue growth and a gross margin improvement in its Products and Solutions segment. The company also highlighted strong demand for its Honeywell Home Focus Pro™ thermostat portfolio.
November 07, 2024 | 9:15 pm
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Resideo Technologies reported an 18% increase in net revenue for Q3 2024, with strong demand for its Honeywell Home Focus Pro™ thermostat portfolio. The company achieved a gross margin of 42.2% in its Products and Solutions segment.
The significant year-over-year revenue growth and improved gross margins indicate strong operational performance. The demand for new products like the Honeywell Home Focus Pro™ thermostat suggests positive market reception, likely boosting investor confidence and stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100