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Resideo Technologies, Inc. logo

Resideo Technologies, Inc.

resideo.com

What Do They Do?

Distributes low-voltage security and audio-visual products to professional installers, and manufactures home comfort, energy, safety and security products for homeowners and businesses.

How Do They Make Money?

ADI sold low-voltage products to installers and dealers, with most product sales tied to shipment and some to delivery. Products and Solutions sold home comfort, energy, safety and security products; service fees are spread over contract periods.

revenue
SegmentShareRevenue
Products and Solutions
Sold outright

36%
FY2022: 44%
ADI Global Distribution
Sold outright

64%
FY2022: 56%

Who Are Their Customers?

Professional contractors and installers serve residential and commercial home-comfort, security, fire and electrical markets. ADI sold primarily to licensed installers, dealers and integrators.

Do Revenues Turn Into Profits?

No. It lost $527M in FY2025.

Operating income, FY2025
8% of revenue
▲ +17% vs FY2024 ($520M, 8%)
Net income, FY2025
−7% of revenue
▼ Now a loss vs FY2024 ($116M, 2%)
Free cash flow, FY2025
−17% of revenue
▼ Now a loss vs FY2024 ($364M, 5%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jul 4, 2026
Revenue
▲ +2%
vs $1.9B in Q2 FY2025
Net income
▲ Now profitable
vs −$825M in Q2 FY2025
ADI Global Distribution share of revenue vs 65.7% in Q2 FY2025
  • Aug 12, 2026 Appointed Shane Harrison as chief financial officer His appointment takes effect September 1, 2026.
  • Aug 4, 2026 Completed the spin-off of ADI Global Distribution Resideo distributed all ADI shares to its shareholders, making ADI a separate publicly traded company.
  • Jul 13, 2026 Set medium-term revenue and margin targets Targets average annual revenue growth of 4% to 5% from 2025 through 2030, plus gross and adjusted EBITDA margin expansion.
  • May 11, 2026 CEO Jay Geldmacher to retire after a successor is appointed He is expected to serve in an advisory capacity for six months.

Growing. Revenue grew 28% in 4 years, from $5.8B in FY2021 to $7.5B in FY2025, about 6% a year.

Revenue over time
Products and Solutions ADI Global Distribution
$10B$5B$0

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