Resideo Technologies, Inc. develops, manufactures, and sells comfort, residential thermal, and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products & Solutions, and ADI Global Distribution. It offers temperature and humidity control, thermal and combustion solutions, and water and air solutions; and security panels, sensors, peripherals, wires and cables, communication devices, video cameras, awareness solutions, cloud infrastructure, installation and maintenance tools, and related software products under the Honeywell Home brand. In addition, the company distributes security products comprising video, intrusion, and access control products; and smart home, fire, power, audio, ProAV, networking, communication, wire and cable, enterprise connectivity, and structured wiring products to contractors that service non-residential and residential end-users. It sells its products through a network of distributors, original equipment manufacturers, and service providers, as well as retail and online channels. Resideo Technologies, Inc. was incorporated in 2018 and is headquartered in Austin, Texas.
IPO Year: 2018
Exchange: NYSE
Website: resideo.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/9/2024 | $25.00 | Outperform | Evercore ISI |
| 7/5/2023 | $22.00 | Overweight | JP Morgan |
| 11/2/2022 | $27.00 | Outperform → In-line | Imperial Capital |
| 2/16/2022 | $31.00 → $30.00 | Equal-Weight | Morgan Stanley |
| 10/6/2021 | $33.00 → $31.00 | Equal-Weight | Morgan Stanley |
| 9/21/2021 | $36.00 → $33.00 | Equal-Weight | Morgan Stanley |
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8-K - RESIDEO TECHNOLOGIES, INC. (0001740332) (Filer)
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10-Q - RESIDEO TECHNOLOGIES, INC. (0001740332) (Filer)
8-K - RESIDEO TECHNOLOGIES, INC. (0001740332) (Filer)
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Jay Geldmacher to retire as President and CEO, and member of the Board of Directors in 2025 Current Vice-Chair, Andrew C. Teich, to become Chairman SCOTTSDALE, Ariz., Nov. 7, 2024 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE:REZI), a leading global manufacturer and distributor of technology-driven products and solutions that provide home comfort and smart living, security, life safety and energy efficiency to consumers and businesses, today announced that Jay Geldmacher, President and Chief Executive Officer, has informed the Board of his intention to retire from his executive and Board roles in 2025. Mr. Geldmacher will continue to serve as President and CEO until his successor is name
Janus International Group, Inc. (NYSE:JBI) ("Janus" or the "Company"), a leading provider of cutting-edge access control technologies and building product solutions for the self-storage and other commercial and industrial sectors, today announced the appointment of Roger Fradin to the position of Vice Chairman of the Board of Directors, effective July 5, 2023. Mr. Fradin, who has served as a director of Janus since 2021, has over 40 years of experience acquiring, building and leading a diverse set of industrial technology businesses. Mr. Fradin's previous roles include President and Chief Executive Officer of the Security and Fire Solutions segment of Pittway Corporation, President and Ch
Reaffirms Full Year 2022 Financial Guidance Janus International Group, Inc. (NYSE:JBI) ("Janus" or the "Company"), a leading provider of cutting-edge access control technologies and building product solutions for the self-storage and other commercial and industrial sectors, today announced the appointment of Anselm Wong as Executive Vice President and CFO, effective July 1, 2022. He will report directly to CEO Ramey Jackson. Wong will bring his 25 years of experience in finance leadership and strategy roles to oversee Janus's finance organization, including financial planning and analysis, accounting and reporting, internal audit, corporate development, and investor relations. Mr. Wong ha
AUSTIN, Texas, March 15, 2021 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI), a leading global provider of home comfort and security solutions, today announced the appointment of Kareem Yusuf, Ph.D., as a new member of its Board of Directors. Dr. Yusuf will stand for re-election by shareholders at the 2021 annual meeting. Dr. Kareem Yusuf Dr. Yusuf brings to the Board of Directors more than 17 years of executive leadership experience at IBM leading organizations across a variety of disciplines, including Product Management, Software Development, Mergers & Acquisitions, Technical Sales and Customer Support. As the current General Manager for AI Applications at
Evercore ISI resumed coverage of Resideo with a rating of Outperform and set a new price target of $25.00
JP Morgan resumed coverage of Resideo with a rating of Overweight and set a new price target of $22.00
Imperial Capital downgraded Resideo from Outperform to In-line and set a new price target of $27.00
Morgan Stanley reiterated coverage of Resideo Technologies with a rating of Equal-Weight and set a new price target of $30.00 from $31.00 previously
Morgan Stanley reiterated coverage of Resideo Technologies with a rating of Equal-Weight and set a new price target of $31.00 from $33.00 previously
Morgan Stanley reiterated coverage of Resideo Technologies with a rating of Equal-Weight and set a new price target of $33.00 from $36.00 previously
Morgan Stanley initiated coverage of Resideo Technologies with a rating of Equal-Weight and set a new price target of $33.00
Roth Capital downgraded Resideo Technologies from Buy to Neutral
ROTH Capital downgraded Resideo from Buy to Neutral and set a new price target of $30.00
William Blair initiated coverage of Resideo Technologies with a rating of Market Perform
New Smart Thermostat Offers Matter Compatibility, Energy Savings and Simple Comfort Control SCOTTSDALE, Ariz., Jan. 6, 2025 /PRNewswire/ -- Resideo Technologies, a leading global provider of solutions for home comfort, security and safety, is introducing the new Honeywell Home X2S smart thermostat at CES 2025. Available at home improvement retailers this spring, the Matter-enabled and ENERGY STAR® certified smart thermostat offers unsurpassed features at an accessible price point. "Our new Honeywell Home X2S smart thermostat is ideal for those who are looking to upgrade their
SCOTTSDALE, Ariz., Nov. 13, 2024 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE:REZI), a leading global manufacturer and distributor of technology-driven products and solutions that provide home comfort and smart living, security, life safety and energy efficiency to consumers and businesses, today announced that it is scheduled to participate at the following investor conferences. NYSE Industrials Conference (Virtual) on Tuesday, November 19, 2024. Wells Fargo TMT Summit in Rancho Palos Verdes, CA on Tuesday, December 3, 2024. Bank of America Leveraged Finance Conference in
Jay Geldmacher to retire as President and CEO, and member of the Board of Directors in 2025 Current Vice-Chair, Andrew C. Teich, to become Chairman SCOTTSDALE, Ariz., Nov. 7, 2024 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE:REZI), a leading global manufacturer and distributor of technology-driven products and solutions that provide home comfort and smart living, security, life safety and energy efficiency to consumers and businesses, today announced that Jay Geldmacher, President and Chief Executive Officer, has informed the Board of his intention to retire from his executive and Board roles in 2025. Mr. Geldmacher will continue to serve as President and CEO until his successor is name
Net revenue growth of 18% year-over-year; mid-single-digit organic revenue growth at both ADI and Products and SolutionsProducts and Solutions gross margin of 42.2%, sixth consecutive quarter of year-over-year improvementNet income available to common stockholders of $11 million; adjusted EBITDA of $190 million, above the high end of outlook rangeStrong demand for the refreshed Honeywell Home Focus Pro™ thermostat portfolio, first in a cadence of new product introductionsSCOTTSDALE, Ariz., Nov. 7, 2024 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE:REZI), a leading global manufacturer and distributor of technology-driven products and solutions that provide home comfort and smart living, se
SCOTTSDALE, Ariz., Oct. 15, 2024 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE:REZI), a leading global provider of home comfort, life safety and security solutions, and distributor of commercial and residential security and audio-visual products, will release third quarter 2024 financial results after the close of the New York Stock Exchange on Thursday, November 7, 2024. A conference call and simultaneous webcast to discuss the results will be held on Thursday, November 7 at 5:00 p.m. ET. Interested investors and other parties can listen to a webcast of the conference call
Precision Detection Smoke Alarms Help Protect Life's Moments by Reducing Nuisance Alarms SCOTTSDALE, Ariz., Oct. 7, 2024 /PRNewswire/ -- First Alert, the most trusted brand in fire safety**, reminds the public about the importance of protecting their homes and families with functional smoke alarms. According to the First Alert Fire Prevention Month Survey*, 60% of Americans have experienced a nuisance alarm. A significant percentage of those surveyed indicated they have disconnected their alarm (41%) and/or removed the batteries (35%) after experiencing a nuisance alarm, resulting in no protection. Experience the full interactive Multichannel News Release here: https://www2.multivu.com/resi
10-point increase in EcoVadis scoreNew carbon reduction targets for Scope 1 and 2 GHG emissionsSCOTTSDALE, Ariz., Aug. 28, 2024 /PRNewswire/ -- Resideo Technologies Inc. (NYSE:REZI), a leading global provider of home comfort, life safety and security solutions, and distributor of commercial and residential security, safety, smart-living and audio-visual products, today released its 2023 Environmental, Social and Governance (ESG) report, detailing its ESG progress, new climate commitments, and continued execution of its ESG strategy1. Experience the full interactive Multichannel News Release here: https://www.multivu.com/players/English/9105153-resideo-technologies-2023-environmental-social-
MELVILLE, N.Y. and DAVIDSON, N.C., Aug. 27, 2024 /PRNewswire/ -- MSC INDUSTRIAL SUPPLY CO. (NYSE:MSM), a premier distributor of Metalworking and Maintenance, Repair and Operations supplies to industrial customers throughout North America, today announced the addition of Rob Aarnes to its Board of Directors. "We are thrilled to have Rob join our Board of Directors," said Chairman of the Board, Mitchell Jacobson. "The addition of an independent member to our board strengthens MSC's corporate governance profile and represents another beneficial change from the reclassification ag
Second quarter net income of $30 million; Adjusted EBITDA of $175 million, above the high end of outlook range Products and Solutions second quarter gross margin of 41.3%, fifth consecutive quarter of year-over-year improvement Continued progress on business transformation with forthcoming new product introductions and completed acquisition of Snap One Appoints new Chief Financial Officer, Mike Carlet, former Snap One CFO SCOTTSDALE, Ariz., Aug. 8, 2024 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE:REZI), a leading global manufacturer and distributor of technology-driven products and solutions that provide home comfort and smart living, security, life safety and energy efficiency to consu
SCOTTSDALE, Ariz., July 15, 2024 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE:REZI), a leading global provider of home comfort, life safety and security solutions, and distributor of commercial and residential security and audio-visual products, will release second quarter 2024 financial results after the close of the New York Stock Exchange on Thursday, August 8, 2024. A conference call and simultaneous webcast to discuss the results will be held on Thursday, August 8 at 5:00 p.m. ET. Interested investors and other parties can listen to a webcast of the conference call by
Net revenue growth of 18% year-over-year; mid-single-digit organic revenue growth at both ADI and Products and SolutionsProducts and Solutions gross margin of 42.2%, sixth consecutive quarter of year-over-year improvementNet income available to common stockholders of $11 million; adjusted EBITDA of $190 million, above the high end of outlook rangeStrong demand for the refreshed Honeywell Home Focus Pro™ thermostat portfolio, first in a cadence of new product introductionsSCOTTSDALE, Ariz., Nov. 7, 2024 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE:REZI), a leading global manufacturer and distributor of technology-driven products and solutions that provide home comfort and smart living, se
SCOTTSDALE, Ariz., Oct. 15, 2024 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE:REZI), a leading global provider of home comfort, life safety and security solutions, and distributor of commercial and residential security and audio-visual products, will release third quarter 2024 financial results after the close of the New York Stock Exchange on Thursday, November 7, 2024. A conference call and simultaneous webcast to discuss the results will be held on Thursday, November 7 at 5:00 p.m. ET. Interested investors and other parties can listen to a webcast of the conference call
Second quarter net income of $30 million; Adjusted EBITDA of $175 million, above the high end of outlook range Products and Solutions second quarter gross margin of 41.3%, fifth consecutive quarter of year-over-year improvement Continued progress on business transformation with forthcoming new product introductions and completed acquisition of Snap One Appoints new Chief Financial Officer, Mike Carlet, former Snap One CFO SCOTTSDALE, Ariz., Aug. 8, 2024 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE:REZI), a leading global manufacturer and distributor of technology-driven products and solutions that provide home comfort and smart living, security, life safety and energy efficiency to consu
SCOTTSDALE, Ariz., July 15, 2024 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE:REZI), a leading global provider of home comfort, life safety and security solutions, and distributor of commercial and residential security and audio-visual products, will release second quarter 2024 financial results after the close of the New York Stock Exchange on Thursday, August 8, 2024. A conference call and simultaneous webcast to discuss the results will be held on Thursday, August 8 at 5:00 p.m. ET. Interested investors and other parties can listen to a webcast of the conference call by
Expands Presence in Smart Living Products and Distribution Enhances Resideo's growth and margin profile and accretive to non-GAAP Adjusted EPS in first full year of ownership Welcomes Nate Sleeper and John Stroup of Clayton, Dubilier & Rice LLC to Board of Directors SCOTTSDALE, Ariz, June 14, 2024 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE:REZI), a leading global manufacturer and distributor of technology-driven products and solutions that provide home comfort, security, life safety and energy efficiency to consumers, today announced that it has completed the acquisition of Snap One (NASDAQ:SNPO), a leading provider of smart-living products, services, and software to professional integ
Products and Solutions first quarter gross margin of 39.5%, fourth consecutive quarter of year-over-year improvement First quarter net income of $43 million; Adjusted EBITDA of $137 million at the higher end of outlook range Continued progress on business transformation with new product introductions and agreement to acquire Snap One, a leading provider of smart-living products and distribution SCOTTSDALE, Ariz., May 2, 2024 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE:REZI), a leading global manufacturer and distributor of technology-driven products and solutions for homes and businesses, today announced financial results for the first quarter ended March 30, 2024.
Creates strong position in security, audio visual, and smart living technology distribution for residential and commercial markets Highly complementary capabilities offer professional integrators an expanded selection of proprietary products, extensive third-party supplier relationships, and proven omni-channel reach Enhances Resideo's growth and margin profile and accretive to non-GAAP EPS in first full year of ownership Identified expected annual run-rate business and financial synergies of $75 million by year three $500 million perpetual convertible preferred equity investment from CD&R SCOTTSDALE, Ariz. and CHARLOTTE, N.C., April 15, 2024 /PRNewswire/ -- Resideo Technologies, Inc. (NY
Products and Solutions fourth quarter gross margin of 39.5%, third consecutive quarter of year-over-year and sequential improvement Operating cash flow of $440 million for 2023 and $263 million in fourth quarter Repurchased 2.6 million shares during 2023 for $41 million as part of $150 million repurchase program SCOTTSDALE, Ariz., Feb. 13, 2024 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE:REZI), a leading global manufacturer and developer of technology-driven products that provide critical home comfort, energy management, and safety and security solutions and a leading wholesale distributor of low-voltage security, life safety, audio visual, data com, and other product categories, today
SCOTTSDALE, Ariz., Jan. 16, 2024 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE:REZI), a leading global provider of home comfort, life safety and security solutions, and distributor of commercial and residential security and audio-visual products, will release fourth quarter and full year 2023 financial results after the close of the New York Stock Exchange on Tuesday, February 13, 2024. A conference call and simultaneous webcast to discuss the results will be held on Tuesday, February 13 at 5:00 p.m. ET. Interested investors and other parties can listen to a webcast of the
SCOTTSDALE, Ariz., Oct. 12, 2023 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE:REZI), a leading global provider of home comfort, life safety and security solutions, and distributor of commercial and residential security and audio-visual products, will release third quarter 2023 financial results after the close of the New York Stock Exchange on Wednesday, November 1, 2023. A conference call and simultaneous webcast to discuss the results will be held on Wednesday, November 1 at 5:00 p.m. ET. Interested investors and other parties can listen to a webcast of the conference ca
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