Resideo(US:REZI)2024-05-02 22:52Financial Performance - Q1 2024 - Resideo's net revenue for Q1 2024 was $1486 million, a decrease of 4% year-over-year[37] - Products and Solutions (P&S) revenue was $620 million, down 6% year-over-year[37] - ADI Global Distribution revenue was $866 million, a decrease of 3% year-over-year[37] - Adjusted EBITDA for Q1 2024 was $137 million, a decrease of 1% year-over-year[37] - Adjusted EPS – Diluted was $047, down 8% year-over-year[37] Financial Outlook - 2024 - The company projects consolidated revenue between $6080 million and $6280 million for 2024[1] - The company anticipates adjusted EBITDA between $560 million and $640 million for 2024[1] - The company expects adjusted EPS between $190 and $230 for 2024[1] - The company forecasts operating cash flow to be at least $320 million for 2024[1] Balance Sheet and Cash Flow - As of March 30, 2024, cash and cash equivalents were $603 million[3] - Total debt was $1406 million, with a net debt to LTM adjusted EBITDA ratio of 14x[3] - Free cash flow was $400 million [4]