Resideo completes ADI spin-off; pro forma Q1 revenue $752M, net income $32M

RESIDEO TECHNOLOGIES, INC.

Spin-off completed Aug 3, 2026; each Resideo shareholder received 1 ADI share per 2 Resideo shares.
Received $967M cash from ADI ($900M dividend + $67M adjustment) to repay ~$1.1B Term Loan B.
Pro forma Q1 2026 (ended Apr 4): revenue $752M, net income available to common $32M, diluted EPS $0.21.
Pro forma FY2025: revenue $2.858B, net loss available to common $670M (includes $972M indemnification expense).
Equity plans (2018 Stock Incentive, Director, ESPP) adjusted for anti-dilution effective Aug 7, 2026.

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