Tag: Jay Geldmacher
Resideo finishes 2025 above guidance as video surveillance softens in Q4
March 4, 2026Ken Showers
SCOTTSDALE, Ariz. — Resideo closed out 2025 ahead of guidance, with steady growth in its Products & Solutions (P&S) segment offset slightly by a fourth quarter dip in video surveillance.
ADI Global Distribution President Rob Aarnes told investors that while multiple commercial, security, and professional A/V categories posted year over year gains, those results were “more than offset by a decline in the video surveillance category.”
“We...
In brief: ADT adds to its portfolio, Resideo delivers strong Q4, dormakaba invests in SwiftConnect
February 25, 2026SSN Staff
BOCA RATON, Fla. — ADT, a provider of smart home solutions serving residential and small business customers in the U.S., has announced that it has acquired Origin Wireless, Inc. (d/b/a “Origin AI” and “Origin”). The deal brings Origin’s AI sensing platform and related intellectual property into the ADT ecosystem. Origin AI’s sensing technology enables the home to better understand classification of motion and human detection without cameras, audio, or...
Resideo announces Q4 and full year 2025 financial results, initiates 2026 outlook
February 24, 2026SSN Staff
SCOTTSDALE, Ariz. — Resideo Technologies, a leading global manufacturer, developer, and distributor of technology-driven sensing and controls products and solutions for residential and commercial end-markets, today announced financial results for the full year and fourth quarter ended December 31, 2025.
"In the fourth quarter, Resideo delivered strong results that either exceeded or were at the high end of our outlook range. In 2025, Resideo exceeded...
Connected home shines for Resideo, amid 'transitory’ impact to HVAC
November 10, 2025Ken Showers
SCOTTSDALE, Ariz. — Resideo’s connected home segment performed well in the third quarter as demand for smart thermostats and security-related products outpaced relatively soft HVAC performance.
With a record high net income and record high adjusted EBITDA for the quarter, CEO Jay Geldmacher pointed to high demand for Resideo’s products, including smoke detectors and other smart home devices. He cited the new ElitePRO Honeywell Home premium smart thermostats as a potential...
Resideo announces Q3 2025 financial results
November 6, 2025SSN Staff
SCOTTSDALE, Ariz. — Resideo Technologies, a global manufacturer, developer, and distributor of technology-driven sensing and controls products and solutions for residential and commercial end-markets, has announced its financial results for the third quarter ended Sept. 27, 2025.
"Resideo delivered another strong quarter driven by solid execution, demonstrating the healthy operating fundamentals of our business. In the third quarter, we achieved record-high gross margins, earnings...
'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
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...