Tag: ADI Global Distribution
NAPCO’s business model ‘working exactly as intended,’ says CEO
February 4, 2026Cory Harris, Editor
AMITYVILLE, N.Y.—The subscription-focused strategy of NAPCO Security Technologies continues to pay off, with recurring service revenue (RSR) scaling alongside equipment sales to drive record results in the company’s second quarter fiscal year 2026.
During a recent conference call, Chairman and CEO Richard Soloway told analysts that Q2 revenue reached a record $48.2 million, driven by double-digit growth across both RSR and equipment sales, expanding...
ADI celebrates grand opening of new Charlotte Support Center
September 18, 2025SSN Staff
MELVILLE, New York– ADI Global Distribution has announced the grand opening of its new Support Center in Charlotte, located at the Panorama Tower in Ballantyne, N.C.
Spanning 41,000 square feet across two floors, the new facility is home to more than 180 team members representing marketing, accounting, product development, education, training, and other key departments.
The new Charlotte Support Center marks the relocation of the former Snap One headquarters. Following the acquisition...
'The best is yet to come': ADI president charts bold future ahead of Resideo separation
August 20, 2025Cory Harris, Editor
MELVILLE, N.Y.—Rob Aarnes, president of ADI Global Distribution, sees the company’s pending spin-off from Resideo as a “natural next step” in its evolution.
The announcement on July 30 that Resideo intends to separate its ADI Global Distribution business (ADI) sent ripples throughout the security industry.
Resideo President and CEO Jay Geldmacher stated in the announcement that both companies are now set to “unlock their full potential”...
Resideo’s Q2 performance highlights product momentum, strategic realignment
August 6, 2025Ken Showers, Managing Editor
SCOTTSDALE, Ariz. — Resideo scored some record highs in the second quarter of 2025, including net revenue of $1,943 million, a 22% increase, driven by strong product demand and positive market forces.
“Gross margin expansion and increased EBITDA generation were underpinned by growing operating income dollars at (ADI Global Distribution) and Products & Solutions, both sequentially and year over year,” said CEO Jay Geldmacher during a recent webcast. “Demand for our...
Resideo announces record Q2 results, raises 2025 outlook
August 5, 2025SSN Staff
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...
Resideo agrees to terminate indemnification agreement with Honeywell
July 31, 2025SSN Staff
SCOTTSDALE, Ariz.—Resideo Technologies announced that it has entered into a definitive agreement with Honeywell International to accelerate and eliminate all future monetary obligations under the indemnification and reimbursement agreement the companies entered into in 2018 in connection with Resideo's spin-off from Honeywell.
Under the terms of the agreement, Resideo will accelerate all potential indemnification and reimbursement obligations and make a one-time cash payment of $1.59...
Resideo to spin off ADI, creating two independent public companies
July 30, 2025SSN Staff
SCOTTSDALE, Ariz.—Resideo Technologies has announced its intention to separate its ADI Global Distribution business (ADI) through a tax-free spin-off to Resideo shareholders.
Following the completion of the separation, Resideo's Products & Solutions business (P&S) will continue to operate as Resideo, and ADI will become an independent public company. The separation is expected to be completed in the second half of 2026, subject to satisfaction of customary conditions, and does not...
Mission 500 closes out ISC West 2025 with celebration of industry changemakers
April 25, 2025SSN Staff
MIAMI—Mission 500, the security industry's nonprofit charity dedicated to supporting children in need across the U.S., Canada, and Puerto Rico, ended ISC West 2025 on a high note with its annual awards ceremony, which celebrated individuals and organizations making a meaningful impact through service and philanthropy.
The Mission 500 Awards Ceremony took place on Thursday, April 3, at The Bridge within the ISC West exhibit hall.
This year’s Mission 500 Humanitarian Award was...
Mission 500 announces 2025 Board of Directors
January 9, 2025SSN Staff
MIAMI—Mission 500, the security industry’s nonprofit charity dedicated to supporting children in need across the U.S., Canada, and Puerto Rico, has announced several key updates to its Board of Directors.
Jason Lutz, previously treasurer, has been named chair, succeeding co-chairs Tracy Larson and Janet Fenner. Board member John Nemerofsky has been named treasurer, and Garrett Savage, secretary, succeeding Sarah Flanagan.
“I want to sincerely...
Resideo CEO announces retirement
November 8, 2024Ken Showers, Managing Editor
SCOTTSDALE, Ariz. — Resideo Technologies President and CEO Jay Geldmacher has announced his plans to retire in 2025.
During a conference call to discuss the company’s third quarter 2024 financial results, Geldmacher said he plans to remain CEO until a successor is appointed and after that he plans to serve as a senior advisor to ensure a smooth transition.
“It’s been my privilege to lead the company for the last four and a half years,” he said. “I’ve...