Resideo filed an amended Form 10 for its planned ADI Global Distribution spin-off and scheduled investor days for both standalone businesses. Here's the latest.
Latest In ADI Global Distribution
Resideo filed its Form 10 registration statement with the SEC for the planned spin-off of ADI Global Distribution, while also reporting solid 1Q26 growth for the distribution business. The company detailed the future leadership teams and boards for both standalone companies as the separation remains on track for later this year.
ADI Global Distribution opened a new support center in Charlotte, NC that will staff 180 employees.
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Parent company Resideo raised its full-year guidance after hitting a company record for 2Q sales.
It will create two independent public companies by the end of 2026, with ADI going forward as a $4.5 billion distributor of low-voltage products and solutions.
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ADI Global's gross margin increases in the quarter were driven by the inclusion of Snap One and a higher margin on eCommerce sales.
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ADI Global Chief Transformation Officer Allie Copeland will share actionable insights on leveraging digital transformation to drive growth at our May SHIFT conference. Learn more about Copeland and why her session is vital.
Resideo Technologies reported strong Q4 and full-year financial growth, driven by a sales increase in its ADI unit and the integration of Snap One.
ADI's landmark acquisition of Snap One earlier this year continued to drive major annual sales gains, while organic also improved.
The distributor’s recent acquisition of Snap One accounted for $45 million of the company’s 2Q sales of $959 million.
Ahead of Resideo's major acquisition of Snap One that will signficantly expand ADI, the unit saw 1Q volume declines in several categories.
Snap One - a manufacturer and distributor of of smart-living products and services - will be integrated into Resideo's ADI Global Distribution unit.
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Meanwhile, gross margin at Resideo's manufacturing business unit saw solid improvement during 4Q23.
XTEN-AV provides a collaborative software platform for integrators to conceptualize designs and streamline proposal processes.
The company says the facility will optimize supply chain operations, enhance customer service and provide capacity for continued growth.
ADI Global's parent company Resideo says it expects market conditions to limit sales expansion opportunities in the back half of 2023
