10-Q2026-05-12· grok-4-1-fast-non-reasoning

REZI · Resideo Technologies, Inc.

0001740332-26-000018

Summary

Q1 delivered revenue growth of 8.0% to $1.9B driven by favorable price/mix, volumes, and FX, though operating income fell 25.0% to $102M from legal settlements and higher operating costs; net income rose sharply to $38M on higher pre-tax income.

Key takeaways

Gross profit rose 7.8% to $551.0M from $511.0M, with gross margin at 28.8%.
Net income surged 533.3% to $38.0M from $6.0M, driven by higher income before taxes despite lower effective tax rate.
Diluted EPS improved to $0.17 from -$0.02.

Full analysis

Net income improved significantly to $38 million from $6 million, a 533.3% increase, driven by higher income before taxes for the quarter, partially offset by a decrease in the effective tax rate. Diluted EPS swung to $0.17 from -$0.02, reflecting the bottom-line rebound absent prior-year drags.