Resideo Technologies

REZI

Market cap $4.75B

Resideo Technologies' (REZI) transformation initiatives, Snap One integration, and product launches are expected to drive margin and EBITDA growth, especially in 2H 2026. Despite negative free cash flow and macro risks, REZI maintains robust liquidity and improved leverage, supporting resilience amid ongoing market uncertainty. With an EV/EBITDA multiple below peers and 4–6% EBITDA growth projected, REZI offers ~98% near-term upside, presenting an attractive accumulation opportunity.

Resideo Technologies, Inc. (REZI) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript

SCOTTSDALE, Ariz., May 14, 2026 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI), a leading global manufacturer, developer, and distributor of technology-driven sensing and controls products and solutions for residential and commercial end-markets, today announced that it is scheduled to participate at the following investor events.

Resideo Technologies NYSE: REZI reported first-quarter 2026 results above its outlook ranges and reaffirmed its full-year guidance, as executives cited solid execution across both its Products and Solutions and ADI Global Distribution businesses despite inflationary pressures and soft end markets.

Resideo Technologies delivered Q1 revenue and adjusted EPS above expectations, reaffirming full-year guidance despite a 17.9% share price drop. REZI's upcoming spin-off of ADI Global Distribution is expected to unlock significant standalone value, with both segments positioned for improved operational focus. Valuation scenarios suggest REZI offers 28.1% to 187.2% upside, with current multiples already attractive relative to peers.

The market is doubting the full-year guidance given management's expectations for the second quarter. The company is raising prices in response to increasing costs.

Resideo Technologies, Inc. (REZI) Q1 2026 Earnings Call Transcript

Resideo Technologies (REZI) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.63 per share a year ago.

Net revenue of $1.91 billion, up 8% year-over-year and above the high-end of outlook range; P&S up 9% and ADI up 8% Total company gross margin of 28.8%; 12 consecutive quarters of year-over-year gross margin expansion achieved at P&S Net income of $38 million, compared to net income of $6 million in first quarter of 2025; Adjusted EBITDA( 1 ) of $215 million, up 28% year-over-year and above the high-end of outlook range GAAP diluted EPS of $0.17; Adjusted EPS(1) of $0.65, up 3% year-over-year and above the high-end of outlook range SCOTTSDALE, Ariz., May 12, 2026 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI), a leading global manufacturer, developer, and distributor of technology-driven sensing and controls products and solutions for residential and commercial end-markets, today announced preliminary financial results for the first quarter ended April 4, 2026.

Names ADI and Resideo Leadership Teams and Boards of Directors Investor Days Scheduled for Mid-July to Provide Details on Resideo and ADI's Go-Forward Business and Value Creation Strategies Spin-Off on Track for Completion Between Mid-Third Quarter and Mid-Fourth Quarter 2026 SCOTTSDALE, Ariz., May 11, 2026 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI) ("Resideo" or the "Company"), a leading global manufacturer, developer, and distributor of technology-driven sensing and controls products and solutions for residential and commercial end-markets, today provided an update on its planned spin-off of its ADI Global Distribution business ("ADI"), including: Filing of the Form 10 registration statement (the "Form 10") with the U.S. Securities and Exchange Commission ("SEC"), a copy of which is available on the SEC website as well as Resideo's Investor Relations website; Announcing ADI's leadership team and Board of Directors; Announcing Resideo's leadership team and Board of Directors; Timing for Resideo and ADI Investor Day events in mid-July 2026; and Expected timing for completion of the spin-off between mid-third quarter and mid-fourth quarter of 2026.