AUSTIN, Texas (AP) _ Resideo Technologies Inc. (REZI) on Thursday reported fourth-quarter net income of $59 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Austin, Texas-based company said it had net income of 44 cents. Earnings, adjusted for non-recurring costs and restructuring costs, were 80 cents per share.
The residential comfort and security systems maker posted revenue of $1.5 billion in the period.
For the year, the company reported profit of $37 million, or 29 cents per share. Revenue was reported as $5.07 billion.
For the current quarter ending in April, Resideo Technologies said it expects revenue in the range of $1.3 billion to $1.35 billion.
The company expects full-year revenue in the range of $5.2 billion to $5.4 billion.
Resideo Technologies shares have climbed 36% since the beginning of the year. The stock has more than tripled in the last 12 months.