Tag: Resideo
Resideo celebrates grand reopening of offices in Louisville
May 12, 2023SSN Staff
LOUISVILLE, Ky.—Resideo recently celebrated the grand reopening of its offices in Louisville following 12 months of renovation to modernize the site.
The updated facility, located at 2700 Blankenbaker Parkway, was designed to foster innovation and deliver a collaborative work environment for employees. The shared site is home to more than 180 team members across Resideo's ADI Global Distribution and Products & Solutions (P&S) businesses that span various departments including sales,...
Resideo to participate at upcoming investor conferences
May 5, 2023SSN Staff
SCOTTSDALE, Ariz. – Security solutions provider and global manufacturer Resideo has announced that it is scheduled to participate in a number of upcoming investor conferences.
With a portfolio that spans home comfort, energy management, and safety and security, Resideo will be participating in the Oppenheimer 18th Annual Industrial Growth Conference on Monday, May 8, 2023, with a presentation scheduled for 9:45 a.m. ET. Oppenheimer said it has had a long tradition of providing...
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 acquires video solutions company Teknique
February 27, 2023SSN Staff
SCOTTSDALE, Ariz.—Resideo Technologies, Inc. announced that it has completed the acquisition of Teknique, a provider of edge-based, artificial-intelligence-enabled video camera development and solutions. Terms were not disclosed.
Founded in 2004 and based in Auckland, New Zealand, Teknique’s platform enables computer vision solutions and edge artificial intelligence for leading global brands and Fortune 500 companies across a range of industries.
"Resideo is focused on creating...
Resideo releasing 3Q financial results on November 1
October 17, 2022SSN Staff
SCOTTSDALE, Ariz. – Resideo, a security solutions provider and distributor of residential security and audio-visual products announced today that they would be releasing their third fiscal quarter financial results on November 1.
The company stated that post closing of the New York Stock Exchange on Tuesday, November 1 that they would be hosting a simultaneous conference call and webcast to discuss the results at 5:00 p.m. E.T. Investors and other interested parties can view the webcast...
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...
Mission 500 raises $24,000 in first Great Las Vegas Hunt at ISC West 2021
August 17, 2021SSN Staff
MIAMI—Mission 500’s newest fundraiser endeavor at ISC West 2021, “The Great Las Vegas Scavenger Hunt,” was a big success. The event not only brought awareness to helping children and families in need across America, but it also brought the security industry together for some much-needed fun.
The scavenger hunt consisted of nine teams of four. Teams were as follows: Advance Security Tech, Alarm.com, Alarms R Us, Automatic Gate Operations, Digital Monotoring Products (DMP),...
ADI releases new mobile app
July 7, 2021SSN Staff
MELVILLE, N.Y.—ADI Global Distribution, a wholesale distributor of security, AV and low-voltage products, announced it has released a new mobile app to provide dealers with a fast and easy way to shop at ADI from their mobile device. Dealers can use the app to search for products, check pricing and availability, place orders and manage their ADI account on-the-go.
The new ADI App presents a modern design and offers advanced features to make it easy to access the industry's largest selection...
Resideo acquires Shoreview Distribution, releases strong Q1 results
May 7, 2021SSN Staff
AUSTIN, Texas—Resideo Technologies, Inc., a global provider of home comfort and security solutions and distributor of commercial and residential security and audio-visual products, announced it has acquired privately held Shoreview Distribution, a distributor of professional audio, video, lighting, display and broadcast equipment. Terms of the transaction were not disclosed.
Shoreview was founded in 1989 and is based in Foxboro, Ma., with warehouse locations on the East and West coasts,...
Resideo acquires regional distributor Norfolk Wire & Electronics
April 2, 2021SSN Staff
AUSTIN, Texas—Resideo Technologies, Inc. announced it has acquired privately held Norfolk Wire & Electronics ("Norfolk"), based in Richmond, Va. Terms of the transaction were not disclosed.
Norfolk was founded in 1985 and is a leading regional distributor of security, telecom, network and audio-video (AV) related products, supplies and tools. With 11 full-service retail locations and a 43,000-sq.-ft. distribution center, Norfolk serves customers across the mid-Atlantic region, and will be...