Resideo (REZI) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, May 13, 2026 astatine 10:48 AM CDT 29 min read

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DATE

Tuesday, May 12, 2026 astatine 5 p.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Jay Geldmacher

• Chief Financial Officer — Michael Carlet

• President, Products & Solutions — Thomas Surran

• President, ADI Global Distribution — Robert Aarnes

Full Conference Call Transcript

Christopher Lee: Thank you, and bully afternoon, everyone. Thank you for joining america for Resideo's First Quarter 2026 Earnings Call. On today's telephone is Jay Geldmacher, Resideo's Chief Executive Officer; Mike Carlet, Chief Financial Officer; Rob Aarnes, President of Resideo's ADI Global Distribution business; and Tom Surran, President of Resideo's Products & Solutions business. We would similar to punctual you that this afternoon's telephone contains forward-looking statements. Statements different than humanities facts made during this telephone whitethorn represent forward-looking statements and are not guarantees of aboriginal show oregon results and impact a fig of risks and uncertainties.

Actual results whitethorn disagree materially from those successful the forward-looking statements arsenic a effect of a fig of factors, including those described from clip to clip successful Resideo's filings with the Securities and Exchange Commission. The institution assumes nary work to update immoderate specified forward-looking statements. We person the main risks and uncertainties that impact our show successful our yearly study connected Form 10-K and different SEC filings. In addition, we volition sermon non-GAAP fiscal measures connected today's call. These non-GAAP fiscal measures, which tin sometimes beryllium identified by the usage of adjusted and the statement of the measurement should not -- should beryllium considered successful summation to, not arsenic a substitute for oregon successful isolation from our GAAP results.

A reconciliation of GAAP to non-GAAP fiscal measures is included successful the fiscal information workbook, which is accessible connected the Investor Relations leafage of our website astatine investor.resideo.com. Unless stated otherwise, each numbers and results discussed connected today's telephone different than gross are connected a non-GAAP basis. With that, I volition present crook the telephone implicit to Jay.

Jay Geldmacher: Thank you, Chris, and acknowledgment to everyone for joining america today. I'm precise pleased with the continued execution demonstrated by the full team. Resideo exceeded the precocious extremity of the archetypal 4th outlook ranges for each metrics. Total nett gross grew 8% year-over-year to implicit $1.9 billion. Total adjusted EBITDA grew 28% year-over-year to $215 million. Total adjusted net per stock grew 3% year-over-year to $0.65. Our archetypal 4th results bespeak the coagulated wellness of our operating fundamentals. Our Products & Solutions conception reported nett gross maturation year-over-year, driven chiefly by increases successful some terms and measurement crossed astir income channels.