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

SCOTTSDALE, Ariz., July 10, 2024 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE:REZI) (the "Company" or "Resideo") today announced that Resideo Funding Inc. (the "Issuer"), a direct wholly-owned subsidiary of the Company, has priced its private offering of $600 million aggregate principal amount of 6.500% Senior Notes due 2032 (the "Notes"), which represents an increase of $100 million from the previously announced aggregate offering size. The Notes were priced at an issue price equal to 100% of their principal amount. The Issuer's obligations under the Notes will be fully and unconditionally guaranteed on an unsecured basis initially by the Company and each of its subsidiaries that guaran

SCOTTSDALE, Ariz., July 9, 2024 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE:REZI) (the "Company" or "Resideo") today announced that Resideo Funding Inc. (the "Issuer"), a direct wholly-owned subsidiary of the Company, has commenced a private offering of $500 million aggregate principal amount of Senior Notes due 2032 (the "Notes"). The Notes will be fully and unconditionally guaranteed on a senior unsecured basis initially by the Company and each of its subsidiaries that guarantees the Company's existing senior credit facilities. The Company intends to use the net proceed

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

SAN FRANCISCO and BOSTON, May 14, 2024 (GLOBE NEWSWIRE) -- Voltus, Inc. ("Voltus"), a leading distributed energy resource (DER) technology platform and virtual power plant (VPP) operator, together with Resideo Technologies (NYSE:REZI), a leading global provider of home comfort, energy management, security and life safety solutions, today announced the expansion of their residential smart thermostat demand response program offering to approximately 10 million Commonwealth Edison (ComEd) customers across the state of Illinois in the region served by the PJM Interconnection (PJM), along with over 1 million PSEG Long Island (PSEG-LI) customers served by NYISO. U.S. electricity demand is e

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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

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

SCOTTSDALE, Ariz., Aug. 3, 2023 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE:REZI), a leading global manufacturer and developer of technology-driven products and components 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 announced financial results for the second quarter ended July 1, 2023. Financial Highlights Net revenue of $1.60 billion compared to $1.69 billion in the second quarter 2022Income fro

Resideo Technologies (NYSE:REZI) reported quarterly earnings of $0.47 per share which beat the analyst consensus estimate of $0.33 by 42.42 percent. This is a 7.84 percent decrease over earnings of $0.51 per share from the same period last year. The company reported quarterly sales of $1.486 billion which beat the analyst consensus estimate of $1.485 billion by 0.07 percent. This is a 4.07 percent decrease over sales of $1.549 billion the same period last year.

Partnership will balance the grid during peak demand periods and deliver energy savings to customers in MarylandSCOTTSDALE, Ariz., April 30, 2024 /PRNewswire/ -- Resideo Technologies (NYSE:REZI), a leading global provider of solutions for home comfort, energy management, security, and safety, and Baltimore Gas and Electric (BGE), the largest electric and natural gas utility company in Maryland, today announced a new partnership to expand BGE's Connected Rewards℠ program, allowing more customers to play an important role in proactively balancing the grid by reducing the overall demand for electricity during periods of peak usage.Every day, over one million BGE customers use electricity to pow

Resideo Technologies Inc‘s (NYSE:REZI) recent acquisition of Snap One Holdings Corp (NASDAQ:SNPO) has sparked investor interest. On Monday, Snap One announced it will be acquired by Resideo Technologies for $1.4 billion in cash. We covered the news first here: Why Is Snap One Stock Jumping Premarket Monday? Analyst Cory A. Carpenter from JPMorgan provided valuable insights on the acquisition, calling it a “strong strategic fit at reasonable value.” Let’s delve into the implications for both Resideo and Snap One investors: Resideo Stock – 35% Upside In Sight Strategic Fit: Carpenter sees a strong strategic fit between Resideo’s ADI distribution business and Snap One. Both comp

Snap One Holdings Corp. (NASDAQ:SNPO) shares are jumping premarket today after the company inked a definitive deal to be acquired by Resideo Technologies, Inc. (NYSE:REZI) for around $1.4 billion, including net debt. The per-share price of $10.75 represents a 32% premium to Snap One’s closing shares price on April 12, 2024. The transaction represents a 7.4x multiple on Snap One’s adjusted EBITDA for the twelve months ending December 29, 2023, further adjusted by including projected annual run-rate synergies of $75 million. The transaction is anticipated to close in the second half of 2024, subject to customary closing conditions.  Post closure, Snap One will be integrated into Re

Upon closing, Snap One will integrate into Resideo's ADI Global Distribution business. The transaction is expected to be completed in the second half of 2024. Private investment funds managed by Hellman & Friedman LLC, holding approximately 72% of the outstanding common shares of Snap One, have executed a written consent to approve the merger, thereby providing the required stockholder approval for the transaction. The transaction is valued at approximately $1.4 billion, including forecasted net debt of Snap One at the closing of approximately $460 million.

Shares of Sony Group Corporation (NYSE:SONY) fell during Wednesday’s session after the company reported third-quarter financial results and revised guidance above estimates and shared plans to list its financial arm in October 2025. Sony Group reported third-quarter FY23 sales growth of 22% year-on-year to $25.34 billion (¥3.75 trillion), beating the consensus of $24.62 billion. Adjusted EPS of $1.99 beat the consensus of $1.65. Sony revised its FY23 sales outlook to $86.62 billion (¥12.4 trillion), down from a prior forecast of ¥12.3 trillion versus the consensus of $87.32 billion. Sony Group shares fell 6.3% to $89.86 on Wednesday. Here are some other stocks moving in today's mid-day

U.S. stocks were higher, with the Dow Jones index gaining more than 100 points on Wednesday. Shares of Charles River Laboratories International, Inc. (NYSE:CRL) rose sharply during Wednesday’s session after the company reported better-than-expected fourth-quarter results and issued guidance above estimates. Charles River posted adjusted earnings of $2.46 per share, beating market estimates of $2.40 per share. The company’s quarterly sales came in at $1.01 billion versus expectations of $991.25 million. Charles River Laboratories International, Inc. (NYSE:CRL) rose 7.2% to $236.00 on Wednesday. Here are some other big stocks recording gains in today’s session. Lyft, Inc. (NASDAQ:LYFT)