Year-over-year sales growth slowed to 2% in the second quarter, but operating margin increased to 20.6%, according to an earnings report.
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Honeywell has acquired Des Moines, Iowa-based Compressor Controls Corporation from Indicor.
Vimal Kapur, President and Chief Operating Officer, will succeed Darius Adamczyk as Chief Executive Officer, the company said.
BTX is the sixth acquisition since 2020 for Resideo's Distribution business.
The company's sales growth flattened to end the year, while full-year sales grew by a modest 3%, according to Honeywell.
Lucian Boldea joins Honeywell from Eastman Chemical.
