Resideo(US:REZI)2023-11-02 06:59Q3 2023 Financial Performance - Revenue for Q3 2023 was $1.55 billion, a decrease of 4% year-over-year[4, 5] - Adjusted EBITDA for Q3 2023 was $138 million, a decrease of 14% year-over-year[6, 16] - Cash from operations for Q3 2023 was $60 million, an increase of 62% year-over-year[7] - Products and Solutions revenue for Q3 2023 was $654 million, a decrease of 7% year-over-year[10] - ADI Global Distribution revenue for Q3 2023 was $900 million, a decrease of 1% year-over-year[13] Gross Margin Analysis - Overall gross margin was 26.8%, an increase of 20 basis points year-over-year[16] - Products and Solutions gross margin was 38.7%, an increase of 250 basis points year-over-year[10, 16] - ADI Global Distribution gross margin was 18.3%, a decrease of 100 basis points year-over-year[13, 16] Q4 2023 and Full Year 2023 Outlook - The company expects Q4 2023 revenue to be between $1.495 billion and $1.545 billion[38] - The company expects full year 2023 revenue to be between $6.2 billion and $6.25 billion[38] - The company expects Q4 2023 adjusted EBITDA to be between $126 million and $146 million[38] - The company expects full year 2023 adjusted EBITDA to be between $542 million and $562 million[38]