Highest-materiality recent filing
Resideo enters $2.827B credit amendment to facilitate ADI spin-off; appoints new CEO
Second Amended and Restated Credit Agreement: $518M, $590M, $1,219M term loans plus new $500M undrawn revolver, total $2.827B.
Resideo Q1 revenue $1.91B (+8% YoY), adj EBITDA $215M (+28%), beats outlook ranges
Net revenue $1.91B up 8% YoY (P&S +9%, ADI +8%); above high-end of outlook.
ADI spin-off Form 10 filed; FY2025 revenue $4.8B, net loss $261M, Adj. EBITDA $318M (6.6% margin).
Full year net revenue $7.47B, up 11% YoY; record high.
Net revenue $1.86B (+2% YoY); record gross margin 29.8% (+110bps); record net income $156M (+680%).
Resideo completes $1.59B Honeywell payment, eliminates $140M annual obligations; issues $1.225B debt
Paid $1.59B to Honeywell to terminate Indemnification Agreement; eliminates up to $140M annual payments through 2043.
Resideo Q2 revenue record $1.94B, up 22% YoY; raises FY2025 outlook
Net loss $825M due to $882M one-time Honeywell indemnification termination expense; core Adj. EBITDA record $210M, up 20% YoY.
Resideo to pay $1.59B to Honeywell to end indemnification; plans ADI spin-off; Q2 above high end
One-time payment of $1.59B to Honeywell in Q3 2025 ends all future indemnification obligations, eliminating up to $140M annual payments through 2043.
Resideo Q1 revenue $1.77B (+19% YoY), adjusted EPS $0.63 beats outlook; reaffirms 2025 guidance
Net revenue $1.77B, +19% YoY; at high-end of outlook range; organic mid-single-digit growth at ADI and P&S.
Resideo reports FY2024 net revenue $6.76B (+8% YoY); Q4 rev $1.86B (+21%); initiates 2025 outlook
FY2024 net revenue $6.76B (up 8% YoY), net income $116M, adj EBITDA $693M (up 17%), adj EPS $2.29.
Resideo reprices $1.12B term loans; margin cut 25bps to SOFR+1.75%
Initial Term B Tranche ($517.8M, maturing Feb 2028) and Incremental Term B Tranche ($598.5M, maturing May 2031) repriced.
Resideo Q3 revenue up 18% to $1.83B; CEO Geldmacher to retire, Chairman Fradin resigns
Adjusted EBITDA $190M above outlook high end; adj EPS $0.58 vs $0.55 YoY.
Resideo Q2 adj. EBITDA $175M tops guidance; appoints Mike Carlet as CFO
Net revenue $1.59B (-1% YoY); net income $30M vs $50M prior year.
Resideo issues $600M 6.500% Senior Notes due 2032 to repay Term B loans
$600M aggregate principal of 6.500% Senior Notes due July 15, 2032 issued by subsidiary Resideo Funding Inc.
Resideo completes Snap One acquisition for ~$1.4B; secures $500M CD&R investment and $600M term loan
All-cash acquisition of Snap One at $10.75/share; total value ~$1.4B including net debt.
Resideo expects Snap One merger close by end of June; reprices term loan margin down 25 bps
HSR waiting period for Snap One acquisition expired May 20; Information Statement mailed May 24; deal expected to close before end of June 2024.
Q1 net revenue $1.49B, down 4% YoY; net income $43M vs $57M prior year.
Resideo to acquire Snap One for $10.75/share in cash; raises $500M convertible preferred, $600M debt
Merger consideration of $10.75 per share in cash; Snap One majority stockholders consent given.
Resideo reports Q4 2023 GAAP EPS $0.56, revenue $1.54B; guides 2024 revenue $6.08-6.28B
Full year 2023: revenue $6.24B (-2% YoY); GAAP EPS $1.42; non-GAAP EPS $1.58; operating cash flow $440M.
Phillip Theodore steps down as President, Products & Solutions, effective Dec. 5, 2023.
Resideo Q3 revenue falls 4% to $1.55B; GAAP EPS $0.14, non-GAAP $0.41
Net revenue $1.55B, down from $1.62B YoY; GAAP EPS $0.14 vs $0.42; non-GAAP EPS $0.41 vs $0.48.
Resideo Q2 revenue down 5% to $1.60B, EPS $0.34; Board authorizes $150M buyback
Revenue $1.60B (-5% YoY); operating profit $153M (-18%); GAAP EPS $0.34 vs $0.63.
Resideo Q1 revenue up 3% to $1.55B but EPS falls to $0.38 from $0.58; adj. EBITDA margin shrinks
Net income of $57M vs $87M YoY; GAAP diluted EPS $0.38 vs $0.58; non-GAAP EPS $0.39 vs $0.63.
Resideo posts record FY2022 revenue $6.37B; cuts ~5% workforce for $70M annual savings
FY2022 revenue $6.37B (+9% YoY); net income $283M ($1.90 EPS) vs $242M ($1.63) prior year.
Resideo Q3 revenue up 8% to $1.62B; EPS $0.42 vs $0.46; guides Q4 revenue $1.55-1.60B
Net revenue $1.62B (+8% YoY); gross margin 26.6% vs 28.1%; operating profit $155M vs $167M.
Resideo Q2 2022 revenue up 14% to $1.69B; EPS $0.63 vs $0.39; raises guidance
Record revenue of $1.69B, up 14% YoY; gross margin 27.7% (+160bps); operating profit $186M vs $121M.
Resideo Q1 revenue $1.51B (+6% YoY), EPS $0.58, raises FY2022 guidance
Net revenue $1.51B (+6% YoY); diluted EPS $0.58 vs $0.33 in Q1 2021.
Resideo closes First Alert acquisition from Newell Brands
Transaction closed March 31, 2022; First Alert acquired from Newell Brands (Nasdaq: NWL).
Resideo obtains $200M incremental term loans to fund First Alert acquisition
Entered $200M incremental term loan facility with JPMorgan Chase Bank, N.A. as sole lender.
Resideo reports FY2021 revenue up 15% to $5.8B; EPS $1.63 vs $0.29; guides FY2022 rev $5.95-6.20B
FY2021 net revenue $5.8B (+15% YoY); operating profit $559M (+80%); diluted EPS $1.63 vs $0.29.
Resideo to acquire First Alert for $593M cash; provides preliminary Q4 revenue of $1.454B
Purchase price $593M cash, net of ~$46M tax benefits ~$547M; expected close in Q1 2022.
Resideo Q3 revenue up 10% to $1.5B; net income down to $68M; updates FY outlook
Net revenue $1.5B, +10% YoY; gross margin 27.8%, up 60 bps.
Mr. Surran will succeed Jay Geldmacher, who will transition to an executive advisor role and will resign from the Board following the appointment of Mr. Surran upon consummation of the ADI Spin-Off Transaction, pursuant to the terms of a previously announced transition arrangement.
the Board of Directors (the “Board”) of the Company approved the appointment of Thomas Surran as President and Chief Executive Officer of the Company and as a director of the Company, in each case effective upon consummation of the ADI Spin-Off Transaction (the “Separation Date”).
the Board of Directors (the “Board”) of the Company approved the appointment of Thomas Surran as President and Chief Executive Officer of the Company and as a director of the Company, in each case effective upon consummation of the ADI Spin-Off Transaction (the “Separation Date”).
Mr. Surran will succeed Jay Geldmacher, who will transition to an executive advisor role and will resign from the Board following the appointment of Mr. Surran upon consummation of the ADI Spin-Off Transaction, pursuant to the terms of a previously announced transition arrangement.
On May 6, 2026, Nathan Sleeper and Cynthia Hostetler each notified the Board of Directors (the "Board") of Resideo Technologies, Inc. (the "Company" or "Resideo") of their intention to resign as directors of the Company, effective upon and subject to consummation of the proposed separation (the "Separation") of the Company's ADI global distribution business, which will operate as ADI Global Distribution Inc. ("ADI").
On May 6, 2026, Nathan Sleeper and Cynthia Hostetler each notified the Board of Directors (the "Board") of Resideo Technologies, Inc. (the "Company" or "Resideo") of their intention to resign as directors of the Company, effective upon and subject to consummation of the proposed separation (the "Separation") of the Company's ADI global distribution business, which will operate as ADI Global Distribution Inc. ("ADI").
Also on May 6, 2026, the Board, upon the recommendation of its Nominating and Governance Committee, approved the appointment of Thomas Surran to serve as a director of the Company, effective upon consummation of the Separation.
On May 6, 2026, the Board, upon the recommendation of its Nominating and Governance Committee, approved the appointment of Mr. Campelli to serve as a director of the Company, effective upon consummation of the Separation.
appointed Michael Carlet, the Company’s Executive Vice President and Chief Financial Officer, to also serve as the Company’s principal accounting officer
Ms. Beskid ceased serving as the Company’s Senior Vice President and Chief Accounting Officer, effective at the close of business on March 14, 2025.
On January 15, 2025, Resideo Technologies, Inc. (the “Company”) determined that the employment of Tina Beskid, the Company’s Senior Vice President and Chief Accounting Officer, will terminate effective March 14, 2025, under circumstances entitling Ms. Beskid to severance under the Company’s Severance Plan for Designated Officers.
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
Max materiality 0.90 · Median 0.70 · Most common event earnings