Resideo reclassifies segment reporting; corporate costs allocated to operating segments retroactively from Q1 2024

RESIDEO TECHNOLOGIES, INC.

Reallocated IT, finance, tax, business development and R&D costs from corporate to Products & Solutions and ADI Global segments for 2023.
Reclassified 2023 segment data filed as Exhibit 99; consolidated revenue ($6.24B), net income ($210M), and diluted EPS ($1.42) unchanged.
Products & Solutions segment revenue decreased 4% YoY; ADI Global revenue decreased 0.5% YoY per revised segment results.
Change aligns segment performance measures with decentralized business strategy; no amendment to 2023 Form 10-K.

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