Resideo announces second quarter 2021 financial results

Austin, texas, aug. 5, 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 second quarter ended july 3, 2021. second quarter 2021 highlights net revenue of $1.5 billion, up 44% from $1.0 billion in the second quarter 2020 gross profit margin of 25.8%, up 290 basis points compared to gross profit margin of 22.9% in the prior year comparable period operating profit of $121 million, an increase of $127 million over an operating loss of $6 million in the second quarter 2020 cash provided by operating activities of $94 million compared to cash provided by operating activities of $145 million in the prior year comparable period second quarter 2021 performance consolidated revenue of $1.5 billion in the second quarter 2021 increased 44% compared with $1.0 billion in the second quarter 2020, which was negatively impacted by the emergence of covid-19.
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