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Tag: Fourth Quarter (Q4)


Allegion Q4 report shows a return to trends

Suppliers

Allegion Q4 report shows a return to trends

February 23, 2024SSN Staff

DUBLIN – Allegion, a global security products and solutions provider, have reported on the financial results for its fourth quarter (Q4) (ended Dec. 31, 2023). The company reported fourth-quarter 2023 net revenues of $897.4 million and net earnings of $118.6 million, or $1.34 per share. Adjusted net earnings were $148.5 million, or $1.68 per share, down 0.6%, excluding charges related to restructuring, acquisition and integration costs and other non-cash impairment charges, as well as amortization...

2023, 2024, Allegion, Fourth Quarter (Q4), John H. Stone, Mike Wagnes


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

Residential

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


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ASSA ABLOY sees strong performance in commercial, but residential still challenging

Residential

ASSA ABLOY sees strong performance in commercial, but residential still challenging

February 7, 2024Ken Showers, Managing Editor

STOCKHOLM – While ASSA ABLOY reported strong gains in its commercial business in the fourth quarter, there's a clear drag on profits in its residential business. It was a strong quarter in many respects for the global manufacturing company, managing a total of six acquisitions in the quarter, and a record number of acquisitions for the year. Several of those acquisitions were in the South American market, where ASSA ABLOY President and CEO Nico Delvaux said the company continues...

Assa Abloy, biometrics, Fourth Quarter (Q4), HID Global, Mergers & Acquisitions, Nico Delvaux, Residential, Spectrum Brands’ Hardware and Home improvement division (HHI)


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ADT exits residential solar market

Residential

ADT exits residential solar market

February 5, 2024SSN Staff

BOCA RATON, Fla. – ADT revealed late in January that the company would be exiting its residential solar business. The company said it will remain focused on cash flow generation and capital-efficient growth within its core security and smart home business. As part of this continued focus, ADT is also advancing its capital allocation strategy, including a cash dividend increase and authorization of a new share repurchase program. “The decision to exit solar operations was made after...

2023, ADT, ADT Solar, Fourth Quarter (Q4), Jim DeVries, Residential


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Also Noted

Resideo reveals Q4 and 2023 results release date

January 29, 2024SSN Staff

SCOTTSDALE – Resideo Technologies, Inc., a global provider of home comfort, life safety and security solutions, and distributor of commercial and residential security and audio-visual products, will release its fourth quarter (Q4) and full-year 2023 financial results on Tuesday, Feb. 13, 2024. A conference call and simultaneous webcast to discuss the results will be held on Tuesday, Feb. 13, at 5:00 p.m. ET. Interested investors and other parties can listen to a webcast of the...

2023, Fourth Quarter (Q4), Jay Geldmacher, life safety, Residential Security, Resideo Technologies


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Johnson Controls announces Q4 2023 earnings call

December 4, 2023SSN Staff

CORK, Ireland – Johnson Controls (JCI) has announced the date for its fourth fiscal quarter 2023 earnings call and webcast. Occurring on Tuesday, Dec. 12, 2023, at 8:30 a.m. ET, the conference call for investors can be accessed either live via webcast at http://investors.johnsoncontrols.com/news-and-events/events-and-presentations, or by telephone (for "listen-only" participants and those who would like to ask a question) by dialing 844-763-8274 (in the United States) or +1-412-717-9224...

2023, Fourth Quarter (Q4), Johnson Controls (JCI), Ransomware, Security Systems News (SSN)


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ADT Q4 sees record high retention, recurring monthly revenue

Residential

ADT Q4 sees record-high retention, recurring monthly revenue

March 1, 2023Ken Showers, Managing Editor

BOCA RATON, Fl. – ADT Inc. has seen its fourth consecutive financial quarter results hit record highs as the company released its results on Feb. 28. Of note the company pulled in a Q4 total revenue of $1.6 billion, up 19 percent from last year, 8 percent when excluding solar and end-of-period recurring monthly revenues. ADT also boasted record-high customer retention with a gross customer revenue attrition rate of 12.5 percent.  The company’s total revenue was...

ADT, customer retention, Financial Results, Fourth Quarter (Q4), Jamie Haenggi, Jim DeVries, recurring monthly revenues, solar, State Farm


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Alarm.com releases Q4, full year 2022 results

Residential

Alarm.com releases Q4, full-year 2022 results

February 24, 2023Ken Showers, Managing Editor

TYSONS, VA – Alarm.com has released its fourth fiscal quarter 2022/full-year results, and the outlook is positive for the residential security provider. On Feb. 23 the company held its conference call and webcast discussing its earnings as the company looks to 2023. At a glance, the company’s fourth quarter Software-as-a-Service (SaaS) and license revenue increased 10.5 percent year-over-year to $134.6 million, and total revenue increased 6.6 percent year-over-year...

alarm.com, Building 36, CPI Security, Emergency Response, Energy Hub, Fourth Quarter (Q4), Internet of Things (IoT), Noonlight, PointCentral, Residential Security, Shooter Detection Systems (SDS), Software-as-a-Service (SaaS), Stephen Trundle, Vivint


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Johnson Controls announces Q4 2022 earnings call

Commercial

Johnson Controls announces Q4 2022 earnings call

October 25, 2022SSN Staff

CORK, Ireland – Integrated security systems solutions provider Johnson Controls has announced the time and date of its Q4 Fiscal 2022 Earnings Conference Call. The call will take place on Nov. 3, 2022, at 8:30 a.m. ET and will have an accompanying webcast where interested parties can participate. Johnson Controls also notes that a slide show presentation will be available for download that morning as well. Johnson Controls has been performing moderately well lately...

Fourth Quarter (Q4), Johnson Controls (JCI), OpenBlue


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