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Resideo Technologies Inc (REZI) Q2 2021 Earnings Call Transcript
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Resideo Technologies Inc (REZI) Q2 2021 Earnings Call Transcript
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As technology develops at an ever-faster rate, the possibilities for where and how new innovations can be used are endless. The property sector is one such area where new technology, such as smarter video surveillance, is being used to improve the quality of life for families and communities by increasing security as well as implementing changes based on new insights.
Specifically for the coliving movement, cloud-based video surveillance is helping operators to improve the communal spaces for their tenants in ways that on-premises surveillance never could. From tighter security measures to better social spaces, here’s how coliving is benefitting from the PropTech (property technology) boom.
Resideo Announces First Quarter 2021 Financial Results
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AUSTIN, Texas, May 6, 2021 /PRNewswire/ Resideo Technologies, Inc. (NYSE: REZI), a leading global provider of home comfort and security solutions and distributor of commercial and residential security and audio-visual products, today announced financial and operating results for the first quarter ended April 3, 2021.
First Quarter 2021 Highlights
Net revenue of $1.4 billion, up 20% from $1.2 billion in the first quarter 2020
Gross profit margin of 25.9%, up 180 basis points compared to gross profit margin of 24.1% in the prior year comparable period
Operating profit of $130 million, an increase of $96 million over operating profit of $34 million in the first quarter 2020
When the United Kingdom voted to leave the European Union, a world of uncertainty unfolded for those doing business in the UK and the EU. The referendum was passed in July 2016. Including subsequent delays, the separation was completed after four years in January 2020, with a transition period ending December 2020. Even with the deadlines past, there are still pockets of uncertainty stemming from the separation. We asked this week’s Expert Panel Roundtable: How has Brexit affected the security industry?
The transition to remote working has been a revelation for many traditional office staff, yet concerns over data security risks are rising. Mark Harper of HSM explains why businesses and their remote workers must remain vigilant when it comes to physical document security in homes.
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