Aug 12, 4:18 PM ET
Resideo reported second quarter 2026 revenue of $1.98 billion, up 2% year over year, with net income of $97 million versus a net loss of $825 million a year earlier and diluted EPS of $0.51. The company also completed the spin-off of ADI Global Distribution on August 3, 2026, and named Shane Harrison Senior Vice President and Chief Financial Officer effective September 1, 2026.
- Q2 2026 adjusted EPS was $0.83, up 26% from a year earlier, and adjusted EBITDA was $249 million, up 19%.
- GAAP income from operations fell 26% to $131 million, with $31 million of business separation costs in the quarter.
- Resideo initiated standalone outlook: third quarter 2026 revenue of $705 million to $730 million and full-year 2026 revenue of $2.90 billion to $2.95 billion.
Read the filing on SEC.gov ↗
Aug 7, 4:10 PM ET
Resideo completed the separation of its ADI Global Distribution business on August 3, 2026, distributing all ADI common stock to Resideo shareholders in a tax-free spin-off. This 8-K also adjusts equity plan share counts for the distribution and includes unaudited pro forma financials showing Resideo without ADI, which reflect a 2025 pro forma net loss of $670 million.
- Separation effective August 3, 2026; holders received one ADI share for every two Resideo shares held as of July 20, 2026
- ADI is now an independent company trading on the New York Stock Exchange under the symbol ADIG
- ADI paid Resideo $967 million in cash, which is expected to help repay about $1.1 billion of Term Loan B debt
- Pro forma 2025 net loss available to common stockholders was $670 million, or $(4.50) per share; pro forma net income available to common stockholders for the three months ended April 4, 2026 was $32 million, or $0.21 per diluted share
Read the filing on SEC.gov ↗
Aug 4, 6:19 AM ET
Resideo completed the spin-off of ADI Global Distribution on August 3, 2026, and ADI began regular-way trading on the New York Stock Exchange as ADIG on August 4, 2026. Resideo says it is now a pure-play building technologies company, and its shares continue to trade as REZI. The separation also included a $900 million repayment of Term Loan B debt and a change in leadership, with Tom Surran serving as both CEO and principal financial officer.
- Holders of record on July 20, 2026 received one ADI common share for every two Resideo common shares held
- Resideo repaid $900 million of Term Loan B principal and expects a further repayment of approximately $200 million by the end of its third fiscal quarter
- Resideo Series A Cumulative Convertible Participating Preferred Stock was reduced to 350,000 shares outstanding, with the conversion price adjusted to $18.844
- Jay Geldmacher retired as CEO and Thomas Surran became CEO effective August 3, 2026
Read the filing on SEC.gov ↗
Jul 1, 4:12 PM ET
Resideo's Board formally approved the planned spin-off of its ADI Global Distribution business, with a distribution date of August 3, 2026. Resideo shareholders are expected to receive one ADI share for every two Resideo shares held at the July 20 record date. To help finance the spin-off, ADI completed a $400 million senior notes offering and entered into a $600 million term loan and $500 million revolving credit facility.
- Record date July 20, 2026; distribution date August 3, 2026, at 5:00 p.m. ET
- Distribution ratio of one ADI share for every two Resideo shares held at the record date
- ADI expected to trade on the NYSE as ADIG starting August 4, 2026; Resideo continues to trade as REZI
- $400 million 7.125% senior notes due July 15, 2034, closed June 30, 2026; $600 million term loan and $500 million revolver entered July 1, 2026
Read the filing on SEC.gov ↗
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