Resideo Announces First Quarter 2025 Financial Results; Reaffirms 2025 Outlook

Net revenue was $1.77 billion, up 19% year-over-year, at the high-end of outlook range; reflects mid-single-digit organic revenue(1) growth at both ADI and Products and Solutions Total company gross margin was 28.9%, up 200 basis points year-over-year; Products and Solutions gross margin was 41.4%, eighth consecutive quarter of year-over-year improvement The integration of Snap One into ADI is progressing well and synergy achievement is ahead of plan Over 98% of product costs incurred by the Products and ...