Resideo announces record Q2 results, raises 2025 outlook

SCOTTSDALE, Ariz. — Resideo Technologies has announced the financial results for its second quarter ended June 28, 2025.

"Resideo had an exceptional second quarter, reporting record high results that were above the high-end of the range for all our key financial metrics. We are pleased to report that both the ADI and Products and Solutions segments generated organic net revenue growth, gross margin expansion, and robust Adjusted EBITDA growth," said Jay Geldmacher, Resideo's president and CEO.

"With consistent execution and our confidence that the company will achieve the profitable growth opportunities ahead, we are raising our 2025 outlook. As we embark on the transformative action to spin off ADI, we believe the performance of both businesses is a strong proof point to the future success of each independent company."

Second Quarter 2025 Financial Highlights

• Record high net revenue of $1,943 million, up 22% compared to $1,589 million in second quarter 2024; above the high-end of the outlook range
• Net loss was $825 million, compared to net income of $30 million in second quarter 2024 due to a $882 million expense associated with our announced agreement with Honeywell to terminate the Indemnification Agreement. In addition to our normally scheduled payment of $35 million made in July 2025, the Company will make a one-time cash payment of $1.59 billion to Honeywell in the third quarter of 2025 upon the closing of the previously announced transaction.
• Record high Adjusted EBITDA of $210 million, up 20% compared to $175 million in second quarter 2024; above the high-end of the outlook range
• Fully diluted (loss) earnings per share was $(5.59) and $0.19 and Adjusted EPS(2) was $0.66 and $0.62 for second quarter 2025 and second quarter 2024, respectively; $0.66 exceeded the high-end of outlook range
• Cash provided by operating activities was $200 million

Excludes the impact of the Snap One acquisition of $218 million for consolidated and ADI results as well as net favorable foreign currency fluctuations of $11 million, $7 million and $4 million for consolidated, ADI and P&S results, respectively.

The full financial results can be found online at https://investor.resideo.com/.