Resideo announces first quarter 2021 financial results

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 positive cash provided by operating activities of $5 million, an improvement of $79 million compared to cash used for operating activities of $74 million in the prior year comparable period first quarter 2021 performance consolidated revenue of $1.4 billion in the first quarter 2021 increased 20% compared with $1.2 billion in the first quarter 2020.
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