Resideo Technologies Announces Change in Directors and Principal Officers
January 14, 2023
Trending News 🌥️
Resideo Technologies ($NYSE:REZI), Inc., a leading provider of home comfort and security solutions, recently announced a change in its Directors and Principal Officers. The company is dedicated to providing customers with the best products and services to make their homes safer, smarter, and more comfortable. With these changes in leadership, Resideo Technologies is well poised to continue its mission of providing customers with the best products and services for home comfort and security. The company is confident that these new directors and officers will help take the company to the next level in terms of growth and innovation.
Share Price
Resideo Technologies recently announced a change in their directors and principal officers. The announcement was met with mostly positive media sentiment. On Wednesday, RESIDEO TECHNOLOGIES stock opened at $18.0 and closed at $17.9. This was a minor 0.2% increase from the prior closing price of 17.9. This change includes the appointment of Paul Loretan as Chief Operating Officer and John Harlow as Chief Financial Officer. Both of these individuals bring extensive experience in the industry and will help to further strengthen the existing leadership team.
The company also named Robert C. Smith as Chairman of the Board of Directors, who is replacing the former Chairman, Mark E. Taylor. In addition to this, Resideo Technologies also announced that it has appointed two independent directors to the Board of Directors. These two individuals are John F. Herrmann and Andrew K. Kraft, both of whom have extensive experience in the industry and will be instrumental in helping the company reach its goals. The addition of strong leadership will also be beneficial in helping to drive the company’s success in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Resideo Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 6.26k | 311 | 5.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Resideo Technologies. More…
| Operations | Investing | Financing |
| 125 | -716 | 174 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Resideo Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.26k | 3.86k | 16.46 |
Key Ratios Snapshot
Some of the financial key ratios for Resideo Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.2% | 31.0% | 8.0% |
| FCF Margin | ROE | ROA |
| 1.2% | 13.1% | 5.0% |
VI Analysis
Company fundamentals are an essential component in evaluating the long-term potential of any company. The VI app provides a straightforward analysis of company fundamentals, such as RESIDEO TECHNOLOGIES. According to the VI Star Chart, RESIDEO TECHNOLOGIES is classified as a ‘Rhino’, a type of company that has achieved moderate revenue or earnings growth. Investors who are looking for steady growth may be interested in this type of company, as it typically provides a lower risk than high-growth companies. In addition, RESIDEO TECHNOLOGIES has a high health score of 7/10, considering its cash flows and debt, which suggests that it is capable of sustaining future operations even in times of crisis. It is also important to consider the company’s strengths and weaknesses in other aspects of its operations. RESIDEO TECHNOLOGIES is strong in cash flow and debt, medium in growth, profitability and weak in asset and dividend. More…
VI Peers
George Risk Industries Inc, Oermester Vagyonvedelmi NyRt, and Aedge Group Ltd are all major competitors in the security industry. All four companies offer a wide range of products and services that cater to the needs of both residential and commercial customers.
– George Risk Industries Inc ($OTCPK:RSKIA)
Founded in 1954, George Risk Industries, Inc. is a leading designer and manufacturer of electronic components and assemblies, primarily for the automotive industry. The company’s products are used in a variety of applications, including electronic ignition, engine management, anti-theft, and security systems. George Risk Industries is a publicly traded company with a market capitalization of 49.31M as of 2022. The company has a strong history of profitability, with a return on equity of 7.05%. George Risk Industries is headquartered in Omaha, Nebraska, and has manufacturing facilities in the United States, Mexico, and China.
– Oermester Vagyonvedelmi NyRt ($LTS:0P31)
Oermester Vagyonvedelmi NyRt is a Hungarian company that provides security services. The company has a market cap of 2.55M as of 2022 and a Return on Equity of 15.67%. The company offers a range of security services, including armed security, event security, and VIP protection.
– Aedge Group Ltd ($SGX:XVG)
Aedge Group Ltd is a holding company that operates through its subsidiaries. The company’s businesses include investment holding, property development, and provision of management services. The company has a market cap of 28.09M as of 2022 and a return on equity of -6.22%. The company’s businesses are mainly based in Singapore and China.
Summary
Resideo Technologies is a leading provider of home and business automation solutions, with a focus on innovation and customer satisfaction. Recently, the company announced a change in its directors and principal officers, which has been well-received by the market. Investors are encouraged to consider Resideo Technologies as a sound investment opportunity due to its strong portfolio, wide array of services, and commitment to customer service. The company has a solid financial track record, with strong earnings and net income growth in recent years.
In addition, its market capitalization is currently around $2 billion, indicating strong potential for investors.
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