Resideo Technologies, Inc. (REZI) is a global manufacturer, developer, and distributor of technology-driven products and solutions for residential and commercial markets. The company specializes in providing innovative solutions for home comfort, safety, security, and energy efficiency. Its offerings include a wide range of products such as thermostats, security systems, and smart home devices, supported by trusted brands like Honeywell Home and First Alert.
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ADI Global Distribution - Distributes low-voltage products for commercial and residential markets, including security, fire, access control, smart home solutions, audio-visual systems, networking, and structured wiring.
- Sub-products: Features proprietary technologies and services under exclusive brands like Control4, OvrC, Araknis Networks, and WattBox.
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Products and Solutions - Manufactures residential controls and sensing solutions, including temperature and humidity control, water and air solutions, smoke and carbon monoxide detection, and security products.
- Air: Thermostats, air purification, dehumidification, and zoning solutions under the Honeywell Home brand.
- Safety and Security: Smoke and carbon monoxide detection (First Alert brand), intrusion detection, and video surveillance.
- Energy: Valves and controls for boilers and heaters, including OEM products for heat pumps and boilers.
- Water: Water controls, valve control, and leak detection.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Jay Geldmacher ExecutiveBoard | President, Chief Executive Officer (CEO) and Director | Board of Directors of Seagate Technology Holdings plc | Jay Geldmacher has served as the CEO of Resideo Technologies, Inc. since May 2020 and has extensive leadership experience from previous roles at Electro Rent, Artesyn Embedded Technologies, and Emerson Electric Company. | View Report → |
Jeannine Lane Executive | Executive Vice President, General Counsel, and Corporate Secretary | Jeannine Lane is the Executive Vice President, General Counsel, and Corporate Secretary at Resideo since 2018, and previously held senior legal leadership roles at Honeywell and Prestone Products Corporation. | ||
Michael Carlet Executive | Executive Vice President and Chief Financial Officer | Michael Carlet is the current Executive Vice President and Chief Financial Officer at Resideo Technologies, Inc. since August 9, 2024. He previously served as CFO of Snap One Holdings Corp. from 2014 to 2024 and held roles at Sears Holdings and Driven Brands. | ||
Robert Aarnes Executive | President of ADI Global Distribution | Board of Directors of MSC Supply | Robert Aarnes has served as President of ADI Global Distribution at Resideo since 2018. He previously held executive roles at Honeywell, including President of Honeywell's ADI Global Distribution business. | |
Stephen Kelly Executive | Executive Vice President and Chief Human Resources Officer | Stephen Kelly is the Executive Vice President and Chief Human Resources Officer at Resideo, a position he has held since 2018. Previously, he served in various senior human resources roles at Honeywell and Danaher. | ||
Tom Surran Executive | President of Products & Solutions | Tom Surran is President of Products & Solutions at Resideo Technologies since 2023, and he previously served as the COO at FLIR Systems from January 2014 to September 2017. |
- Given that ADI achieved 10% organic growth partly through price increases implemented in Q2 2025, how sustainable is this price–volume balance considering potential customer price sensitivity and competitive pressures?
- With SnapOne’s performance described as “flat” relative to ADI’s overall growth, what specific initiatives are being undertaken to drive its incremental revenue and integration synergies in a challenging residential market?
- P and S has experienced consecutive quarters of gross margin expansion; what challenges do you foresee in maintaining this momentum, and are there risks in the product mix or manufacturing efficiencies that could hinder future margin improvements?
- The discussion highlighted a revenue headwind in the security channel from a large private label customer—what concrete strategies are in place to offset these declines and to secure or expand these important customer relationships?
- With the legacy Control4 platform remaining with ADI, how do you plan to leverage its capabilities amid increased competition in connected home technologies, and what measures are in place to ensure its long-term profitability?
Research analysts who have asked questions during Resideo Technologies Inc earnings calls.
Erik Woodring
Morgan Stanley
4 questions for REZI
Ian Zaffino
Oppenheimer & Co. Inc.
2 questions for REZI
Amit Daryanani
Evercore ISI
1 question for REZI
Chan Park
Evercore ISI
1 question for REZI
Cory Carpenter
JPMorgan Chase & Co.
1 question for REZI
Isaac Sellhausen
Oppenheimer
1 question for REZI
Michael Fisher
Evercore ISI
1 question for REZI
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Snap One Holdings Corp. | 2024 | Resideo acquired Snap One through a merger, making it a wholly-owned subsidiary, with a total transaction value of approximately $1.4 billion at $10.75 per share in cash. The deal was financed with debt, cash on hand, and a $500 million perpetual convertible preferred equity investment featuring a 7% coupon and a conversion price of $26.92, aiming to expand Resideo’s smart living capabilities and omni-channel reach. |
BTX Technologies, Inc. | 2023 | Resideo acquired 100% of BTX Technologies on January 23, 2023, a distributor specializing in professional audio, video, data communications, and broadcast equipment. The acquisition, with a preliminary purchase price allocation, strategically enhances Resideo's Pro AV and private brand offerings across North America by integrating its results into the ADI Global Distribution segment. |
Electronic Custom Distributors Inc. | 2022 | Completed on July 5, 2022, Resideo acquired 100% of Electronic Custom Distributors, a regional distributor of residential audio, video, automation, security, and telecommunication products. This deal strengthens ADI Global Distribution’s audiovisual category, contributing to an anticipated aggregate sales boost of over $200 million in 2022 and further expanding Resideo's adjacent category presence. |
First Alert, Inc. | 2022 | Resideo acquired 100% of First Alert, a leading provider of home safety products, for an aggregate cash purchase price of $620 million, with completion on March 31, 2022. The strategic acquisition, funded by cash and additional term loan borrowings, is intended to bolster Resideo’s home product portfolio, enhance retail and professional channel presence, and achieve $30 million in annual cost synergies by the end of 2023. |
Arrow Wire and Cable Inc. | 2022 | Completed on February 14, 2022, the $15 million cash acquisition of Arrow Wire and Cable, a regional distributor of data communications and connectivity products, was integrated into ADI Global Distribution. This acquisition is intended to strengthen Resideo’s data communications portfolio and complement previous acquisitions in the sector, with minimal immediate financial impact. |
Recent press releases and 8-K filings for REZI.
- Resideo announced an agreement with Honeywell that removes previous constraints, allowing for transformational capabilities, and the intention to separate its ADI distribution business from its Products & Solutions (P&S) manufacturing business.
- The company reported a strong Q2 performance, with the P&S segment achieving its ninth consecutive quarter of gross margin expansion.
- Resideo has raised its 2025 adjusted EBITDA outlook by $100 million (midpoint to midpoint), with $70 million attributed to the cessation of payments to Honeywell and $30 million to Q2 outperformance.
- Capital allocation priorities for the company, and for ADI and P&S as standalone entities, will focus on deleveraging and building cash, targeting a leverage level of approximately two times.
- Resideo reported strong performance in Q1 2025, with positive growth in both its Products & Solutions (P&S) and ADI businesses, and reiterated its 2025 revenue and profit outlook despite an uncertain macroeconomic environment.
- The P&S segment saw its organic growth accelerate to 6% in Q1 2025, driven by customer demand and price, with a strategic focus on new product development to regain market share and improve margins.
- The ADI business experienced a pickup in organic growth, attributed to strong project growth in commercial security and the increasing adoption of its e-commerce platform.
- The integration of Snap One is proceeding ahead of schedule, with the company expecting to achieve or exceed its $75 million run-rate synergy target earlier than the committed three-year timeframe.
- Resideo's tariff exposure is minimal for its P&S segment, and while the ADI segment faces potential cost impacts from third-party product tariffs, the company anticipates passing these costs through with very little impact on the bottom line.