2024-02-25 01:16:15 ET
Summary
- Resideo Technologies covers the needs of over 150 million homes globally with its security and comfort products.
- The company operates in multiple markets and has production facilities in various countries.
- Resideo reported better-than-expected earnings and has a positive outlook due to recent acquisitions, restructuring, and e-commerce growth.
Resideo Technologies, Inc. ( REZI ) recently delivered better than expected EPS, and many analysts increased their quarterly EPS expectations. I agree with the general optimism given the acquisition of Sfty and BTX in 2023, recent restructuring and divestitures, the e-commerce growth, and the new opened Dallas Super Center. I also saw risks coming from covenant agreements with debt holders or goodwill impairments. However, I think that REZI is a buy at its current market price.
Resideo Technologies: Many Products, Many Professionals, And In Many Countries
Currently, Resideo covers the needs of more than 150 million homes globally, with its technological innovation products aimed mainly at security applications....
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Recent Acquisitions, Restructuring, And Beneficial Guidance Make Resideo A Buy