Resideo Technologies, Inc. (NYSE:REZI) Q1 2022 Earnings Conference Call May 3, 2022 5:00 PM ET
Company Representatives
Jay Geldmacher - Chief Executive Officer
Tony Trunzo - Chief Financial Officer
Jason Willey - Vice President of Investor Relations
Conference Call Participants
Ryan Merkel - William Blair
Erik Woodring - Morgan Stanley
Operator
Ladies and gentlemen, at this time I'd like to welcome everyone to the Resideo Technologies, First Quarter 2022 Earnings Conference Call. Today’s call is being recorded. All participants will be in a listen-only mode until the formal question-and-answer portion of the call. [Operator Instructions].
It is now my pleasure to turn the call over to Mr. Jason Willey, Vice President of Investor Relations. Mr. Willey, you may begin.
Jason Willey
Good afternoon, everyone, and thank you for joining us for Resideo's first quarter 2022 earnings call. On today's call will be Jay Geldmacher, Resideo's Chief Executive Officer; and Tony Trunzo, our Chief Financial Officer.
A copy of our earnings release and related presentation materials are available on the Investor Relations page of our website at investors.resideo.com. We would like to remind you that this afternoon's presentation contains forward-looking statements.
Statements other than historical facts made during this call may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time-to-time in Resideo's filings with the Securities and Exchange Commission.
The company assumes no obligation to update any such forward-looking statements. We identify the principal risks and uncertainties that affect our performance in our Annual Report on Form 10-K and other SEC filings.
With that, I will now turn the call over to Jay.
Jay Geldmacher
Thank you, Jason, and good afternoon everyone. We began 2022 on a strong note, continuing the positive momentum that has been building across the business since the middle of 2020. First quarter performance again demonstrated our ability to navigate the challenging supply chain and inflationary environments to deliver for customers. At the same time, we drove higher revenue, margin expansion and strong earnings growth.
We also continue to make progress on strategic priorities of both, Products and Solutions and ADI, around capital deployment, accelerating new products and services and increasing exposure to high growth in adjacent categories. In the first quarter we deployed over $630 million in capital through value enhancing M&A activity.