Key Points – Resideo beat first-quarter expectations, with net revenue up 8% year over year to more than $1.9 billion and adjusted EPS of $0.65.
The company reaffirmed its full-year 2026 guidance despite soft end markets and inflationary pressure. – Both main segments posted growth: Products and Solutions rose 9% on broad-based demand and continued margin expansion, while ADI Global Distribution grew 8% on strength in security, pro AV and data communications
ADI’s residential audiovisual business remained weak due to a soft U.S. housing market. – Resideo is preparing to split into two companies, with the ADI Form 10 already filed and the spin-off expected between mid-Q3 and mid-Q4 2026. Management said the separation should create more focused businesses with greater financial flexibility and deleveraging goals. – Dueling Insider Moves: Heavy Buying Here, Big Selling There Resideo Technologies (NYSE:REZI) reported first-quarter 2026 results above its outlook ranges and reaffirmed its full-year guidance, as executives cited solid execution across both its Products and Solutions and ADI Global Distribution businesses despite inflationary pressures and soft end markets. Chief Executive Officer Jay Geldmacher said total net revenue rose 8% year over year to more than $1.9 billion.
Total adjusted EBITDA was $215 million, and adjusted earnings per share were $0.65. Chief Financial Officer Mike Carlet said revenue exceeded the high end of the company’s outlook range, while adjusted EPS rose from $0.63 in the prior-year period. “Resideo’s execution continues to be steady in an uncertain global macroeconomic environment and with end markets still soft,” Geldmacher said. Products and Solutions posts broad growth Tom Surran, president of Products and Solutions, said the segment delivered 9% year-over-year net revenue growth, including an approximately 200-basis-point favorable currency impact.