Tag: Jay Geldmacher
Connected home shines for Resideo, amid 'transitory’ impact to HVAC
November 10, 2025Ken Showers, Managing Editor
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, 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...
Resideo ‘manages through uncertainties’
May 9, 2025Ken Showers, Managing Editor
SCOTTSDALE, Ariz. — Resideo Technologies made its strategy clear in addressing the looming challenge of U.S. tariffs during a webcast to discuss financial results for the first quarter.
“We’ve all seen the shifts in policy to date,” said Resideo CEO Jay Geldmacher. “In this environment, Resideo remains agile, and we are well prepared to react to any new development. Based on what we know today about tariff policy, we have taken actions in the first and second...
Products and Solutions team drives success for Resideo
February 26, 2025Ken Showers, Managing Editor
SCOTTSDALE, Ariz. — Resideo Technologies exceeded key metrics in the fourth quarter and is in a strong position going into 2025, company officials said during a recent webcast presentation.
CEO Jay Geldmacher attributed the company’s success to the ADI and Products and Solutions teams and their operational execution generating organic net revenue growth and leading to continued gross margin expansion, healthy adjusted EBITDA growth and record operating cash generation.
“Let...
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...