Resideo Technologies, Inc. develops, manufactures, sells, and distributes comfort, energy management, and safety and security solutions in the United States, Europe, and internationally. It operates through its Products and Solutions segment, which offers temperature and humidity control, water and air solutions, smoke and carbon monoxide detection home safety products, residential and small business security products, video cameras, other home-related lifestyle convenience solutions, cloud infrastructure, installation and maintenance tools, and related software. These products are sold under the Honeywell Home, First Alert, Resideo, Braukmann, and BRK brand names through professional contractors, installers and integrators, distributors, original equipment manufacturers, retailers, and online merchants. Incorporated in 2018, the company is headquartered in Scottsdale, Arizona.
Resideo CEO Thomas Surran Buys 15,000 Shares at $20.46
Resideo Technologies President and CEO Thomas A. Surran purchased 15,000 shares of the company at $20.46 per share on August 14, 2026, according to a SEC Form 4 filing. The transaction was valued at $306,900 and increased his direct holdings to 338,573 shares, a 5% rise from his previous position. As of the market close that day, his directly held shares were worth approximately $6.9 million. Resideo reported trailing twelve-month revenue of $7.7 billion and net income of $379 million, with a market capitalization of $3 billion. The company recently spun off ADI Global Distribution to become a pure-play building technologies company, and analysts tracked by CNN have a median one-year price target of $30.65, implying a 53.1% gain.
Resideo Technologies Lowers Full-Year Revenue Guidance by 62.7%
Resideo Technologies reported second-quarter revenue of $1.98 billion, beating analyst estimates by 2.3%, but slashed its full-year revenue guidance to $2.93 billion at the midpoint from $7.85 billion, a 62.7% decrease. Adjusted earnings per share of $0.83 exceeded consensus by 23%, while adjusted EBITDA of $181 million missed estimates by 12.6%. CEO Thomas Surran attributed the lower outlook to continued softness in the residential market and a pronounced decline in expected revenue from a major OEM security customer, which is expected to reduce second-half revenue by $40 million to $50 million. The company also cited ongoing inflationary pressures on input costs such as semiconductors, metals, and printed circuit boards, and expects these costs to persist in the second half of the year.
Resideo Stock Falls 19.3% After Standalone Guidance Reset
Resideo Technologies shares fell 19.3% in morning trading after the company issued a standalone full-year outlook reflecting the removal of its recently spun-off ADI Global Distribution business. For the second quarter of 2026, Resideo reported record revenue of $1.98 billion and adjusted EPS of $0.83, both surpassing Wall Street estimates. The updated full-year 2026 revenue forecast of $2.90 billion to $2.95 billion represents only the standalone Products & Solutions business, a mechanical drop from prior consolidated guidance that included ADI's substantial revenue contribution. Investors repriced the standalone entity due to transition mechanics and a higher leverage profile on the remaining business. Resideo is down 41.1% since the beginning of the year and trading 53.4% below its 52-week high of $44.50 from October 2025.
Resideo Technologies Fair Value Cut to $39.25 After ADI Spin Off
Simply Wall St has cut its fair value estimate for Resideo Technologies from about US$49.33 to US$39.25, reflecting revised analyst views after the ADI Global Distribution spin off. Seaport Research initiated coverage with a Buy rating and a US$55 price target, citing a renegotiated agreement with former parent Honeywell expected to free up US$140 million in annual cash flow. Oppenheimer kept an Outperform rating but cut its Resideo target to US$27 from US$48, while JPMorgan resumed coverage with a Neutral rating and a US$30 target, seeking clearer execution evidence from the pure-play residential controls model. The revised fair value assumes revenue declines about 35.27% versus prior growth of 3.27%, a profit margin of about 14.70% versus 8.26%, a forward P/E of about 28.3x versus 15.1x, and a discount rate of about 11.46% versus 10.01%.
ADI Global Distribution to Begin Trading on NYSE After Spin-Off from Resideo
ADI Global Distribution will make its trading debut on the New York Stock Exchange under the ticker symbol ADIG following its spin-off from Resideo. The company's CEO Rob Aarnes is set to discuss new opportunities for the independent public company on NYSE Live. The spin-off was completed, and ADI will now operate as a standalone public entity. The NYSE provided the update in its pre-market advisory on August 4th, which also noted earnings reports from Caterpillar, McDonald's, and Pfizer, and ICE Brent Crude trading at $81 a barrel amid Middle East developments.
Ferguson Enterprises to Replace Electronic Arts in S&P 500
S&P Dow Jones Indices announced that Ferguson Enterprises Inc. will replace Electronic Arts Inc. in the S&P 500 effective prior to the opening of trading on Wednesday, August 5. The change follows the pending acquisition of Electronic Arts by an investor consortium comprising Public Investment Fund, Silver Lake, and Affinity Partners, expected to close soon pending final conditions. In a related move, ADI Global Distribution Inc. will join the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, August 4, replacing Hertz Global Holdings Inc. effective prior to the opening of trading on Wednesday, August 5. ADI Global Distribution is being spun off from S&P SmallCap 600 constituent Resideo Technologies Inc. in a transaction to be completed August 4, while Hertz Global Holdings is being removed as it no longer represents the small-cap market space.
Parker-Hannifin Touted as Promising Industrials Stock, Oshkosh and Resideo Flagged as Risky
StockStory identifies Parker-Hannifin as a promising industrials stock while flagging Oshkosh and Resideo as risky. Parker-Hannifin, with a market cap of $113.8 billion, boasts an 18.8% operating margin that has risen over five years, annual EPS growth of 18.5% fueled by share repurchases, and strong free cash flow. Oshkosh, valued at $8.35 billion, faces concerns including a 4.7% average backlog decline over two years, a below-peer gross margin of 16.3%, and falling EPS. Resideo, at a $4.72 billion market cap, shows 7.5% annual revenue growth over five years, a free cash flow margin that shrank by 20.7 percentage points, and waning returns on capital.
StockStory Highlights CarGurus and EXL as Small-Cap Stocks to Watch, Flags Resideo as Underwhelming
StockStory identifies CarGurus and EXL as two small-cap stocks with strong potential, while naming Resideo as one to avoid. CarGurus, a digital auto marketplace, boasts an 88.4% gross margin and 32.5% annual EPS growth over three years, with improving free cash flow. EXL, a data analytics and AI solutions provider, achieved 17.2% annual revenue growth over five years and expanded its free cash flow margin by 5.2 percentage points, with EPS growth of 21.4% outpacing revenue gains. In contrast, Resideo, a home comfort and security products company, saw its free cash flow margin shrink by 20.7 percentage points over five years and posted slower 7.5% annual revenue growth, signaling capital consumption and waning returns.
Seaport Research Initiates Resideo Technologies with Buy Rating and $55 Price Target
Seaport Research initiated coverage of Resideo Technologies with a Buy rating and a $55 price target, implying a 76% upside from current levels. The firm highlighted two key growth drivers: a renegotiated agreement with its parent company expected to generate $140 million in additional annual cash flow, and a planned spin-off of its lower-margin distribution business. Resideo reaffirmed its fiscal 2026 outlook and provided second-quarter guidance, with net revenue expected between $1.916 billion and $1.940 billion, adjusted EBITDA between $216 million and $230 million, and fully diluted EPS between $0.71 and $0.75. CFO Michael Carlet noted anticipated higher costs in areas like fuel and freight, with pricing actions starting in the second quarter to mitigate these increases, though there could be a slight gross margin headwind.
Resideo Sets July 20 Record Date for ADI Global Distribution Spin-Off
Resideo Technologies announced that its board has approved the spin-off of its ADI Global Distribution business, setting a record date of July 20, 2026 and a distribution date of August 3, 2026. Shareholders of record will receive one share of ADI common stock for every two shares of Resideo common stock held. ADI common stock is expected to begin regular-way trading on the New York Stock Exchange under the ticker symbol ADIG on August 4, 2026, with when-issued trading under ADIG WI anticipated to start on or about July 29, 2026. In connection with the spin-off, ADI completed a 400 million dollar offering of 7.125 percent senior notes due 2034 and entered into a 600 million dollar term loan facility and a 500 million dollar revolving credit facility. Resideo and ADI will host investor days in New York City on July 13 and July 14, 2026, respectively.
REZI · Capital · Neutral Resideo is spinning off ADI Global Distribution; the impact on Resideo depends on market view of the separation.
ADI Global Distribution · Capital · Positive ADI Global Distribution is being spun off as a separate public company with its own financing and listing.
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