Resideo Technologies, Inc.

Vertical Aerospace Appoints Defence Technology Pioneer and Former FLIR CEO Andrew Teich to Its Board of Directors

Vertical Aerospace appointed Andrew Teich, former FLIR Systems President and CEO, to its Board of Directors effective immediately. Teich brings over 40 years of defence technology experience, including growing FLIR from roughly $60 million to more than $6 billion in market value, along with expertise in U.S. Department of War programmes, advanced sensing, AI, autonomous systems and UAV technologies directly relevant to Vertical's defence and dual-use applications. This is the fourth senior aerospace and defence appointment in recent weeks, joining Chair Fabrice Brégier and directors Clyde Woltman and Marc Fontaine, as Vertical advances Valo towards certification and pursues a strategic alternatives review with Jefferies as advisor.

•6d ago

Resideo Announces Expected Q1 Software Update to Honeywell Home Smart Thermostats for Compatibility with Apple HomeView

Resideo plans a Q1 2027 software update that will let existing Honeywell Home ElitePRO, X7S and X8S smart thermostats support Apple's new HomeView features, including Adaptive Temperature Control and Clean Energy Guidance. The update is over-the-air, so homeowners gain the new Apple Home capabilities without replacing devices or paying for professional installation, preserving the installed base's value. The release is primarily promotional — it carries no financial figures — but it reinforces Resideo's multi-ecosystem strategy and its network of 100,000+ professional installers driving 15 million installations annually.

•17d ago

New First Alert® Smoke and Carbon Monoxide Alarms Make Home Safety Simple

Resideo Technologies unveiled a redesigned First Alert lineup of smoke, carbon monoxide and combo alarms, adding SoftCue Replacement Reminders that pre-warn homeowners three to five days before an alarm needs attention. The new models comply with the latest Underwriter Laboratories standards and feature Precision Detection sensing technology, with hardwired units staying backward-compatible with select legacy First Alert installations. Pricing starts at $29.99 U.S. MSRP, and the lineup is available now exclusively at Lowe's stores in the U.S., timed just ahead of Fire Prevention Week. Lowe's stores nationwide will host fire safety events on Oct. 17, including a kids firefighting-plane workshop, to support the launch.

•1mo ago

Resideo Announces Record Second Quarter 2026 Financial Results; Initiates Standalone 2026 Outlook

Resideo reported record Q2 revenue of $1.98 billion and Adjusted EBITDA of $249 million, both exceeding the high end of guidance and marking the 13th consecutive quarter of gross margin expansion in the Products & Solutions segment. The company successfully completed the spin-off of its ADI Global Distribution segment on August 3, 2026, distributing one share of ADIG for every two shares of Resideo held, and used a $900 million dividend from ADIG to repay term loan debt. Management initiated a standalone 2026 outlook for Resideo, projecting full-year revenue of $2.90 billion to $2.95 billion and Adjusted EBITDA of $605 million to $625 million.

•2mo ago

Resideo Technologies Completes Spin-Off of ADI Global Distribution

Resideo Technologies has completed the spin-off of ADI Global Distribution, with ADI commencing regular-way trading on the NYSE under the ticker ADIG. Resideo continues to trade under REZI and is now positioned as a pure-play building technologies company. In connection with the separation, Resideo repaid $900 million of outstanding principal under its Term Loan B credit facility. The company expects to make a further repayment of approximately $200 million under the same facility by the end of the third fiscal quarter. The distribution was made on a basis of one share of ADI common stock for every two shares of Resideo common stock held of record as of July 20, 2026.

•3mo ago

ADI Global Distribution Outlines Standalone Strategy and Financial Framework at Inaugural Investor Day

Resideo confirmed the spin-off of ADI Global Distribution remains on track for August 3, 2026, with shares of the new entity expected to begin trading under the ticker 'ADIG' the following day. Management outlined 2030 financial targets for ADI, projecting revenue of approximately $6 billion, an adjusted EBITDA margin exceeding 8%, and over $1 billion in cumulative cash flow from operations. The company expects to realize more than $80 million in run-rate operating savings by the end of 2027 through operational streamlining and efficiency initiatives.

•3mo ago

Resideo To Present Strategy and Financial Framework as Pure-Play Building Technologies Company at Investor Day

Resideo announced a medium-term financial framework targeting 4% to 5% revenue CAGR and 400 basis points of gross and EBITDA margin expansion through 2030. The company is finalizing its transition to a pure-play building technologies entity with the spin-off of ADI Global Distribution scheduled for August 3, 2026, under the ticker ADIG. Management highlighted its strategy to leverage an installed base of over 150 million locations and relationships with 100,000 professional installers to drive growth.

•3mo ago

Resideo Board of Directors Sets Record Date and Announces Expected Timing for Spin-off of ADI Global Distribution

Resideo's Board approved the spin-off of ADI Global Distribution, setting a record date of July 20 and a distribution date of August 3. Shareholders of record will receive one share of ADI common stock for every two shares of Resideo stock held, with ADI expected to trade on the NYSE under the ticker 'ADIG' starting August 4. To support the separation, ADI closed a $400 million senior notes offering and secured a $600 million term loan facility and a $500 million revolving credit facility.

•4mo ago

Resideo Announces Pricing of ADI's Offering of Unsecured Senior Notes in Connection with Planned Spin-Off

Resideo announced that ADI, its global distribution subsidiary, has priced $400 million of 7.125% senior notes due 2034 to fund its planned spin-off. ADI also completed syndication on a $600 million term loan and a $500 million revolver, with proceeds used partly to make a distribution to Resideo. The transaction is expected to close between mid-Q3 and mid-Q4 2026, with note proceeds held in escrow pending the spin-off's completion.

•4mo ago