Resideo's full year 2021 revenue was strong but Q4 revenue was hurt in both sides of the business (Honeywell Home and ADI) due to shortages of products and components.
******** *** ********* ****** ******* ******* of $*** ******* ***down *% year-over-year and was essentially flat sequentially. Revenue was negatively impacted by the ongoing ******** ** ************* **********. Products and Solutions gross profit margin in Q4 was 37.9% compared to 41.9% in the fourth quarter of 2020. The decline in gross margin was due to the deleveraging effect of lower volumes as well as material ***** ********* *** ****** ******* ***** [emphasis added]
*** *******, *** ****** **** ** an ***** ** *** ****** **** of *** ****, *** **'* ****** centered ****** ***video ************ **** ** ***** ********. There's – the manufacturers there that supply us are having some challenges with their supply chains. And there was a significant amount of revenue that we didn't realize in both businesses in Q4, simply because we couldn't, we ******'* **** *******. [emphasis added]
IPVM conducts reporting, tutorials and software funded by subscriber's payments enabling us to offer the most independent, accurate and in-depth information.
Comments (0)