Resideo Technologies, Inc. announced first quarter 2025 financial results, with net revenue reaching $1.77 billion, a 19% increase year-over-year. The company reported Adjusted EBITDA of $230 million, and Adjusted EPS of $0.63, significantly exceeding prior year figures. These results were at or above the high-end of the company's outlook range for all key financial metrics.
The Products and Solutions segment delivered net revenue of $649 million, up 5% year-over-year, driven by volume demand and price realization across sales channels. ADI Global Distribution's net revenue was $1.121 billion, with organic growth of 4% excluding Snap One revenue and foreign currency impacts. Both segments continued to demonstrate gross margin expansion.
Despite reporting a GAAP net loss of $3 million, the company reaffirmed its full year 2025 outlook, projecting net revenue between $7.285 billion and $7.485 billion and Adjusted EBITDA between $725 million and $805 million. Management highlighted continued operational execution and new product launches, including the connected First Alert Smart Smoke and Carbon Monoxide Alarm.
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