REZI Research | Milton Maxwell

REZI

Resideo Technologies, Inc.

36.11

+0.14+0.39%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

FY Q4 '25

Q&A confirms ops stabilization

2/23/26Feb 23, 2026

Q&A largely reaffirmed prepared remarks, confirming ADI's ERP implementation is fully complete—now enabling full customer focus and share gains—while P&S HVAC inventories hit a new normal post-destocking. Video surveillance pipelines are refilling to spark ADI's outpacing growth in 2026 versus slower P&S NPI ramps amid soft housing. Snap One delivered $75M synergies early, with more eyed from footprint optimization and light commercial R&D targeting ADI's base. Spin-off stays on H2 track. Ops stabilized. Watch NPI traction and separation details.

Key Stats

Market Cap

5.41B

P/E (TTM)

Basic EPS (TTM)

-4.54

Dividend Yield

Recent Filings

10-K

FY2025 results

2/24/26Feb 24, 2026

Resideo delivered FY2025 revenue of $7.47B, up 10.5% y/y, with gross margins expanding 130bps to 29.4% on favorable price/mix; Products and Solutions grew 4.8% to $2.69B while ADI surged 14% to $4.78B fueled by Snap One. Q4 momentum shone through seasonal strength and $52M gain from Grid Services divestiture, lifting operating income 17% to $607M (8.1% margin). Yet $972M Indemnification hit flipped net income to $(527M) loss and $(3.77) diluted EPS; debt climbed to $3.23B post-termination financing. Cash burned $1.1B on the Honeywell payoff. ADI spin eyed for H2 2026. Supply chain snarls threaten Q4 momentum.

8-K

Record revenue, Adjusted EBITDA

2/24/26Feb 24, 2026

Resideo posted record 2025 revenue of $7.47B, up 11% YoY, with ADI surging 14% but GAAP net loss of $527M from $1.59B Honeywell indemnification termination. Adjusted EBITDA hit $833M, up 20%, while margins expanded. Q4 revenue topped $1.895B. Guides 2026 revenue to $7.8B-$7.9B.

8-K

CEO incentive amendment

1/7/26Jan 7, 2026

Resideo amended its 2024 CEO transition agreement with Jay Geldmacher on January 6, 2026, tying his 2026 incentive pay to the new CEO's appointment date post-ADI Global Distribution separation. Pre-year-end transition gets pro-rated target pay; later yields full-year actuals. Ties retention to business split.

8-K

Q3 revenue up 2%, records galore

11/5/25Nov 5, 2025

Resideo posted Q3 net revenue of $1.86B, up 2% year-over-year, with record gross margin at 29.8% and net income soaring 680% to $156M; Adjusted EBITDA hit $229M, up 21%. Both ADI and P&S segments expanded margins for multiple quarters straight. Separation into two public companies looms in H2 2026. Cash strained by $1.59B Honeywell payoff.

10-Q

Q3 FY2025 results

11/5/25Nov 5, 2025

Resideo posted Q3 revenue of $1.9B, up 2% y/y, with gross margin expanding to 29.8% from 28.7% on favorable price/mix; operating income climbed 22% y/y to $154M while diluted EPS jumped to $0.85 from $0.07, confirmed against 154M shares. ADI Global Distribution (65% of revenue) grew 2% y/y to $1.2B, outpacing Products and Solutions; YTD revenue soared 14% to $5.6B but net loss hit $663M from $972M Indemnification Agreement expense before its August termination via $1.6B payment funded by $1.2B incremental term debt (now $3.2B total, revolver undrawn). Cash fell to $345M, operating cash used $1.4B (derived). Spin-off risks loom for ADI.

About

Resideo Technologies, Inc. develops, manufactures, sells, and distributes comfort, energy management, and safety and security solutions in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and ADI Global Distribution. The Products and Solutions segment offers temperature and humidity control, water and air solutions, smoke and carbon monoxide detection home safety products, residential and small business security products, video cameras, other home-related lifestyle convenience solutions, cloud infrastructure, installation and maintenance tools, and related software products under the Honeywell Home, First Alert, Resideo, Braukmann, and BRK brand names. The ADI Global Distribution segment distributes low-voltage products, including security, fire, and access control; and participates in the broader related markets of smart home, residential audio-visual, professional audio-visual, power management, networking, data communications, wire and cable, enterprise connectivity, and structured wiring products. The company sells its products and services through a network of professional contractors, installers and integrators, distributors, and original equipment manufacturers, as well as retailers and online merchants. Resideo Technologies, Inc. was incorporated in 2018 and is headquartered in Scottsdale, Arizona.

CEO

Mr. Jay L. Geldmacher

IPO

10/29/2018

Website

https://www.resideo.com

Employees

14,600

Sector

Industrials

Industry

Industrial Distribution