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Stock impact report

Resideo Technologies: Modest Outlook Amid Current Macro Challenges, Stabilization Expected In 2025 [Seeking Alpha]

Resideo Technologies, Inc. (REZI) 
Last resideo technologies, inc. earnings: 2/26 04:05 pm Check Earnings Report
Company Research Source: Seeking Alpha
Housing starts declined in July, reflecting a challenging residential market. Residential new construction starts are expected to grow low- to mid-single digits. The outlook for homeowner spending on improvements and repairs in 2024 remains soft due to weak macroeconomic conditions, but it is expected to stabilise and improve in 2025. REZI's revenue declined modestly in 2Q24 due to lower sales volumes, unfavourable price impacts, and European market challenges, but adjusted margins expanded, leading to adjusted EPS growth. andresr Synopsis Resideo ( NYSE: REZI ) specialises in the development and manufacturing of technology-driven products and solutions that provide water and energy management, comfort, safety, and security. For REZI's most recent 2Q24, its revenue declined modestly, driven by factors such as lower sales volumes, unfavourable price impacts in its ADI segment, and challenges in the European market. Despite the revenue decline, its adjusted margins expanded Show less Read more
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