Honeywell Homes and ADI Global Distribution to be named Resideo upon completion of spin-off later this year.
July 27, 2018
Distributor completes acquisition of security businesses in Australia and New Zealand.
Manufacturer expands with purchase of Italy-based manufacturer; separately, reports 22 percent sales increase for Q2.
Quarterly revenues fall 0.5 percent to $1.3 billion.
Higher pricing, volume growth drive sales increase.
Advance estimate marks highest growth rate since 2014.