Tag: First Alert
Resideo Q1 results up 3% year-over-year, softness in residential market
May 4, 2023Ken Showers, Managing Editor
SCOTTSDALE, Ariz. – Commercial and residential distributor of security and audio-visual products Resideo presented a positive first quarter earnings call with modest gains.
Quarter highlights include a net revenue of $1.62 billion, up 8 percent from $1.5 billion in the third quarter 2021. Other financial indicators were also positive although the failed to reach the same heights as previous quarters with a gross profit margin of 26.6 percent, compared to 28.1 percent in the prior year comparable...
Resideo to acquire First Alert Inc. for $593M, reveals Q4 financials
February 7, 2022SSN Staff
SCOTTSDALE, Ariz.—Resideo Technologies, Inc., a global provider of home comfort and security solutions and distributor of commercial and residential security and audio-visual products, announced that it has entered into a definitive agreement to acquire First Alert, Inc., a provider of home safety products, from Newell Brands Inc. for $593 million in an all cash transaction, or approximately $547 million net of expected future tax benefits.
"The addition of First Alert to the Resideo portfolio...
AES launches first phase of Interactive Security Services
January 23, 2013SSN Staff
PEABODY, Mass.—AES-IntelliNet, a provider of radio networks to the fire and security industry, is launching the first phase of its new Interactive Security Services, according to a company statement.
The new initiative, branded SiteLink24, combines AES-IntelliNet mesh-radio technology for alarm delivery with interactive services via high-speed Internet. With an AES subscription to SiteLink24, customers can manage and remotely control their home or office security systems through personal...
Honeywell aims at doubling residential penetration
November 7, 2012Tess Nacelewicz
HOLLYWOOD, Fla.—Honeywell Security Products President Scott Harkins said last week that he believes the industry's residential security penetration rate could double to 40 percent, and that Honeywell aims to become “the Apple of the industrial world,” combating the growing do-it-yourself security system trend by creating products that are easy to install, sell and use.“I saw that ADT … suggested that they thought market penetration could be 40 percent,” Harkins told...