secwatch.observer — SEC 8-K summary
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Issuer:     RESIDEO TECHNOLOGIES, INC. (REZI)
CIK:        0001740332
Form:       8-K
Filed at:   2022-02-07T23:59:59+00:00
Accession:  0001193125-22-029111
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Resideo to acquire First Alert for $593M cash; provides preliminary Q4 revenue of $1.454B
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- Purchase price $593M cash, net of ~$46M tax benefits ~$547M; expected close in Q1 2022.
- First Alert 2021 sales $395M, adjusted EBITDA $55M; $30M annual cost synergies targeted by end 2023.
- Transaction multiple ~6.4x 2021 adjusted EBITDA net of tax benefits and cost synergies.
- Preliminary Q4 2021 revenue $1.454B, gross margin 27.2%, operating profit $141M; full results Feb 15.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1740332/000119312522029111/0001193125-22-029111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1740332/000119312522029111/d285776d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-029111

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer