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 Resideo
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.
This category can only be viewed by members. To view this category, sign up by purchasing MDM Premium Subscription (monthly) or MDM Premium Subscription (annual).
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.
ADI Global's gross margin increases in the quarter were driven by the inclusion of Snap One and a higher margin on eCommerce sales.
This category can only be viewed by members. To view this category, sign up by purchasing MDM Premium Subscription (monthly) or MDM Premium Subscription (annual).
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.
The company announced that President and CEO Jay Geldmacher will retire in 2025 as the company prepares for CEO succession.
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.
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.
Resideo's Louisville facility houses employees in its ADI Global Distribution and Products & Solutions businesses.
The pace of mergers and acquisitions among industrial distributors and manufacturers stalled in March following several strong months.
BTX is the sixth acquisition since 2020 for Resideo's Distribution business.
M&A activity slowed somewhat in February, but the month wrapped up on an announcement that will likely draw eyes from across the distribution industry.
The global provider of security solutions and security and audio-visual products announced it has acquired the California-based company.
