Resideo Technologies Q1 Earnings Call Highlights

2 days ago 11

MarketBeat

Thu, May 14, 2026 astatine 8:05 AM CDT 7 min read

Key Points

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Resideo bushed first-quarter expectations, with nett gross up 8% twelvemonth implicit twelvemonth to much than $1.9 cardinal and adjusted EPS of $0.65. The institution reaffirmed its full-year 2026 guidance contempt brushed extremity markets and inflationary pressure.
Both main segments posted growth: Products and Solutions roseate 9% connected broad-based request and continued borderline expansion, portion ADI Global Distribution grew 8% connected spot successful security, pro AV and information communications. ADI’s residential audiovisual concern remained anemic owed to a brushed U.S. lodging market.
Resideo is preparing to divided into 2 companies, with the ADI Form 10 already filed and the spin-off expected betwixt mid-Q3 and mid-Q4 2026. Management said the separation should make much focused businesses with greater fiscal flexibility and deleveraging goals.

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Resideo Technologies (NYSE:REZI) reported first-quarter 2026 results supra its outlook ranges and reaffirmed its full-year guidance, arsenic executives cited coagulated execution crossed some its Products and Solutions and ADI Global Distribution businesses contempt inflationary pressures and brushed extremity markets.

Chief Executive Officer Jay Geldmacher said full nett gross roseate 8% twelvemonth implicit twelvemonth to much than $1.9 billion. Total adjusted EBITDA was $215 million, and adjusted net per stock were $0.65. Chief Financial Officer Mike Carlet said gross exceeded the precocious extremity of the company’s outlook range, portion adjusted EPS roseate from $0.63 successful the prior-year period.

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“Resideo’s execution continues to beryllium dependable successful an uncertain planetary macroeconomic situation and with extremity markets inactive soft,” Geldmacher said.

Products and Solutions posts wide maturation

Tom Surran, president of Products and Solutions, said the conception delivered 9% year-over-year nett gross growth, including an astir 200-basis-point favorable currency impact. The 4th besides included 4 other days, which added astir 300 ground points to nett gross growth.

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Surran said gross grew crossed substantially each income channels and merchandise families, supported by some terms and volume. In retail, maturation was driven chiefly by volume, with stronger request for information and thermostat products owed to upwind and regulatory changes. He said First Alert products, including the First Alert SC5 connected fume and c monoxide detectors, showed expanding adoption.

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