8-K
filed November 7, 2024, 6:59 PM ET
ticker REZI
CIK 0001740332
earnings
confidence high
sentiment positive
materiality 0.85
Resideo Q3 revenue up 18% to $1.83B; CEO Geldmacher to retire, Chairman Fradin resigns
RESIDEO TECHNOLOGIES, INC.
2024-Q3 EPS reported
$0.53
revenue$4,903,000,000
- Adjusted EBITDA $190M above outlook high end; adj EPS $0.58 vs $0.55 YoY.
- Products & Solutions gross margin 42.2%, 6th consecutive quarter of YoY improvement.
- CEO Jay Geldmacher retiring; Board searching; he stays as CEO until successor then Sr VP Advisor for 6 months.
- Chairman Roger Fradin resigned; Andrew Teich appointed Chairman. Fradin gets $500K annual retainer as advisor.
- Snap One integration progressing with cross-selling and cost reduction efforts.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jay Geldmacher departed as President and Chief Executive Officer at RESIDEO TECHNOLOGIES, INC..
- Action
- intention to retire
- Role
- President and Chief Executive Officer
Exact text from the filing
On November 7, 2024, the Company announced that Jay Geldmacher, the Company’s President and Chief Executive Officer, has informed the Company’s Board of Directors (the “Board”) of his intention to retire
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Andrew R. Teich was appointed as Chairman of the Board at RESIDEO TECHNOLOGIES, INC..
- Action
- appointed
- Role
- Chairman of the Board
Exact text from the filing
the Board appointed Andrew R. Teich, the Vice-Chairman of the Board, to serve as Chairman of the Board, effective November 8, 2024.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Roger B. Fradin resigned as Chairman of the Board at RESIDEO TECHNOLOGIES, INC..
- Action
- resigned
- Role
- Chairman of the Board
Exact text from the filing
On November 4, 2024, Roger B. Fradin, the Chairman of the Board, submitted his resignation from the Board, to be effective November 7, 2024.
View on SEC.gov
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