Resideo Technologies has filed a Form 10 registration statement with the SEC for the planned spin-off of subsidiary ADI Global Distribution into a standalone public company, while also reporting solid first-quarter fiscal 2026 growth for the distribution business.

The Scottsdale, AZ-based company said May 12 that the ADI separation remains on track for completion between mid-3Q and mid-4Q 2026, pending regulatory approvals and other customary closing conditions. The spin-off is intended to be tax-free to U.S. shareholders.

ADI — which distributes low-voltage, security, AV and smart building products — generated approximately $4.8 billion in fiscal 2025 revenue on a carveout basis, according to the Form 10 filing.

In Resideo’s newly reported 1Q26 results, ADI posted approximately 8% year-over-year revenue growth driven by continued momentum in commercial security and professional AV categories, along with ongoing contributions from the Snap One acquisition. ADI’s average daily sales growth in 1Q26 was 1% year-over-year. The business also continued expanding eCommerce (12%) and exclusive brand (+7%) sales, while gross margin slid 40 basis points; operating profit was flat; and adjusted EBITDA and EBITDA margin both declined year-over-year.

Resideo reported total company 1Q26 net revenue of approximately $1.89 billion and adjusted EBITDA of $207 million, both up year-over-year.

Upon completion of the spin-off, ADI’s executive leadership team will include:

• Robert Aarnes, President and CEO — has served as President of ADI at Resideo since 2018
• Michael Carlet, CFO — has served as CFO of Resideo since 2024 and previously served as the CFO of Snap One, which was acquired by Resideo in 2024
• Marco Cardazzi, Chief Merchandising Officer — has been with ADI since 2011 and currently serves as Chief Merchandising Officer and previously served as Chief Marketing Officer, VP of Global Marketing and held various leadership roles across merchandising, marketing, category management and products
• Alicia Copeland, COO — has been with ADI since 2016, currently serving as COO and previously as Chief Commercial Officer, Chief Transformation Officer, and VP of Global Operations
• Jeannine Lane, General Counsel, Corporate Secretary and Chief Compliance Officer — has served as the General Counsel and Corporate Secretary of Resideo since 2018 and previously held various senior positions within Honeywell’s legal department
• James Olender, CIO — joined ADI in 2026 as CIO and previously held various executive roles within GE, including as CIO of GE Vernova’s Wind Segment, among others
• Nicole Stevens, Chief Accounting Officer — joined ADI in 2026 as Senior Vice President of Accounting, and previously served as SVP Financial Reporting at Amwins, Vice President of Financial Reporting at Snap One (prior to Resideo’s acquisition) and at EY

ADI’s board will be chaired by former Cardinal Health CEO Michael Kaufmann and will also include:

• Robert Aarnes
• Former Anixter President & CEO William Galvin
• Former Invitae and Arlo CFO Christine Gorjanc
• Investor and current Resideo director Cynthia Hostetler
• Former Core & Main CEO Stephen LeClair
• CD&R CEO Nathan Sleeper
• Grainger SVP Brian Walker

Resideo’s post-spin leadership team will be led by Thomas Surran as President and CEO. Joshua Foster will serve as Senior Vice President, General Counsel and Corporate Secretary.

The company also said both Resideo and ADI plan to host investor day events in mid-July to outline their respective business strategies and growth plans.

Resideo first announced plans in July 2025 to separate ADI into an independent public company, leaving Resideo focused on its Products & Solutions business centered on residential controls and sensing technologies. ADI ranked No. 6 on MDM’s 2025 Top Distributors List for Electrical/Data/Security.