Skip to Content

Tag: Genesis Cable

Resideo uses 2023 momentum to pivot in first earnings report of 2024


Resideo uses 2023 momentum to pivot in 2024

February 14, 2024Ken Showers, Managing Editor

SCOTTSDALE, Ariz. – Resideo Technologies exited 2023 with a strong Q4, and now it's riding that momentum into 2024, making some significant changes to reshape its portfolio and operations. Among the highlights for the year, Resideo saw revenue of $6.2 billion for 2023, an adjusted EBITDA of $552 million, and $440 million in cash from operations. Its report noted that the company improved business execution in the second half of the year with products and solutions transformation...

2023, 2024, ADT, Fourth Quarter (Q4), Genesis Cable, Jay Geldmacher, Resideo Technologies, Tony Trunzo

Read Full Articlered right arrow icon

Also Noted

Resideo completes sale of Genesis Cable business

October 16, 2023SSN Staff

SCOTTSDALE, AZ – Resideo Technologies announced the completion of the previously announced sale of its Genesis Cable business to Southwire Company, LLC for $87.5 million in cash, subject to customary purchase price adjustments. The after-tax proceeds will be used to support Resideo's capital allocation strategy the company wrote in a release. That includes ongoing organic and inorganic investments and their recently announced share repurchase program. "The closing of the Genesis...

commercial, Genesis Cable, Jay Geldmacher, Residential, Resideo Technologies, Security, Southwire Company

Read Full Articlered right arrow icon