Tag: tariff
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...
ASSA ABLOY posts decent Q2, but high interest rates and tariffs loom large in the Americas
July 23, 2025Ken Showers, Managing Editor
STOCKHOLM — ASSA ABLOY credited its decentralized strategy for its positive organic volume growth for the second quarter in a row, but challenging market conditions in the West and a decline in sales for EMEIA and Asia Pacific cast a pall over gains.
During a recent webcast, President and CEO Nico Delvaux expressed optimism for the company’s performance, backed by 3% organic growth and acquired net growth of 5% for the second quarter. This is despite a decline in growth for China...
Hanwha Vision holds pricing steady amid tariff volatility
June 3, 2025SSN Staff
TEANECK, N.J. — Hanwha Vision has confirmed that it will not raise prices on its surveillance technologies despite rising tariffs and market disruptions.
The company stated that it will absorb any additional costs created by tariffs on components integral for manufacturing surveillance cameras and devices, adding that supporting dealers and end users is the highest priority, especially in the face of uncertain economic and market conditions.
“Our partners need support, not surprises,”...
Siemens Q2 growth driven by infrastructure needs, cautious on tariffs
June 1, 2025SSN Staff
MUNICH, Germany — Siemens growth in the quarter shows resiliency against tariffs and other challenges according to President and CEO Christian Bruch during the company’s Q2 2025 earnings call.
“In our last quarterly call, I explained the resilient nature of our business model, and this provides us with confidence that we are well equipped to deal with tariffs as they arise and continue to focus on profitable growth,” Bruch told investors.
The CEO also noted that the...
Summer doldrums
May 28, 2025Ken Showers, Managing Editor
No news is good news as they say, but "they" are wrong, and I think we could use some exciting developments to shake things up.
Okay, that came out slightly more cursed than I was intending, I realize that things are a little too exciting all the time right now, but I mean in a fun way, not a log into my email and see just what went wrong today way. There have been a couple of high-profile acquisitions of course, but I see that all the time now. Show me the exciting new tech! Show...
Lack of awareness, changing requirements lead to compliance concerns
May 12, 2025Ken Showers, Managing Editor
YARMOUTH, Maine — While respondents say they are confident their organizations are staying on top of compliance, they have reservations about maintaining that pace in the current environment, according to a recent SSN News Poll.
Most respondents believe their organizations are compliant with current security regulations like GDPR, HIPAA, SOC 2 and others, with half voting that they are fully confident and the other half somewhat confident. Their concern lays more with their ability...
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...
ASSA ABLOY navigates U.S. economic climate
May 9, 2025Ken Showers, Managing Editor
STOCKHOLM — ASSA ABLOY plans to increase prices between 1% and 2% this year in the face of an uncertain economic climate in the U.S., company officials said during a recent webcast.
During the Q&A portion of the webcast, ASSA ABLOY President and CEO Nico Delvaux said, with the threat of tariffs altering the global economic landscape in a chaotic and shifting manner almost daily, it was difficult to provide guidance but that price increases would be part of mitigations, among other...
ADT touts its resilience
May 2, 2025Ken Showers, Managing Editor
BOCA RATON, Fla. — Despite a volatile market, ADT highlighted record RMR returns and record customer retention in the first quarter of 2025 and doubled-down on its resilience during a recent earnings presentation.
In total, ADT saw recurring monthly revenue (RMR) increase by 2% to $360 million in Q1, with record customer retention (gross revenue attrition of 12.6%; revenue payback at 2.3 years).
“I think the headline from us is we have an exceptionally resilient...
Allegion rises on non-residential biz, remains cautious on tariffs
May 1, 2025Ken Showers, Managing Editor
DUBLIN — Allegion says its positive financial results for the first quarter ended March 31, 2025, are the result of top-line growth in the Americas, driven by the company’s non-residential business, but it’s holding off on updating its revenue outlook for the rest of the year due to the volatility of tariffs.
First quarter
Allegion’s non-residential business was up high-single digits, while its residential business declined mid-single digits.
“Allegion...