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ADI Global Distribution (NYSE: ADIG) reported second quarter 2026 results, its last full quarter under Resideo before completing its spin-off and commencing NYSE trading on August 4, 2026. Net revenue reached a record $1,286 million, up 1% year-over-year, with average daily sales up 2% despite one fewer sales day. Growth was led by security, professional audio-visual and data communications, partially offset by residential audio-visual weakness.
Gross margin improved to 22.7% from 22.2%, aided by about $20 million of tariff refunds. Net income was $6 million versus a net loss of $283 million a year ago, while adjusted EBITDA declined 9% to $86 million (6.7% margin). ADI ended the spin-off with roughly $150 million of cash and a $500 million undrawn revolver, and issued a standalone 2026 outlook calling for full-year net revenue of $4.95–$5.0 billion and non-GAAP adjusted standalone EBITDA of $275–$295 million.
ADI Global Distribution (NYSE: ADIG) has completed its spin-off from Resideo Technologies, becoming an independent, publicly traded specialty distributor of professionally installed low-voltage products. ADI common stock begins regular-way trading on the New York Stock Exchange today under the ticker symbol ADIG.
According to the company, the spin-off was carried out via a distribution of all ADI shares, with Resideo shareholders of record on July 20, 2026 receiving one ADI share for every two Resideo shares held. ADI reported $4.8 billion of revenue in 2025, employs about 4,100 people, offers more than 500,000 products from over 1,000 suppliers, and serves over 100,000 customers through nearly 200 global store locations.
Resideo Technologies (NYSE: REZI) has completed the spin-off of ADI Global Distribution, positioning Resideo as a pure-play building technologies company. ADI common stock begins regular-way trading on the NYSE under ticker ADIG, while Resideo continues under REZI.
The spin-off was executed via a pro rata distribution of all outstanding ADI shares at a rate of 1 ADI share for every 2 Resideo shares held as of July 20, 2026, with cash paid in lieu of fractional shares. In connection with the transaction, Resideo repaid $900 million of principal under its Term Loan B facility and expects to repay approximately $200 million more by the end of the third fiscal quarter, subject to a post-closing cash adjustment with ADI. Resideo’s Series A preferred stock was reduced by 150,000 shares to 350,000 shares outstanding, with a proportional adjustment to the conversion price.
S&P Dow Jones Indices will revise its benchmarks in early August 2026. Ferguson Enterprises (NYSE: FERG) will join the S&P 500 on August 5, replacing Electronic Arts (NASD: EA), which is being acquired by an investor consortium led by Public Investment Fund, Silver Lake, and Affinity Partners.
ADI Global Distribution (NYSE: ADIG), being spun off from Resideo Technologies (NYSE: REZI) on August 4, will be added to the S&P SmallCap 600 that same day. Hertz Global Holdings (NASD: HTZ) will be removed from the S&P SmallCap 600 on August 5, as it is no longer viewed as representative of the small-cap market space.
ADI Global Distribution (ADIG) will release its second quarter 2026 financial results before the U.S. market opens on Thursday, August 13, 2026. The company will host a webcast and conference call to discuss the results at 8:30 a.m. EDT on the same day, accessible via the “ADIG Q2'26 Call” webcast link.
ADI Global Distribution (NYSE: ADIG) is outlining its standalone strategy and financial framework at its inaugural Investor Day ahead of its planned spin-off from Resideo, expected to close on August 3, 2026, with regular-way trading on the NYSE starting August 4, 2026.
According to ADI, the company will focus on its category-leading positions in Security, Residential AV and Fire/Life Safety within an approximately $65 billion North American market, expand its preeminent omnichannel platform with targeted high-single- to low-double-digit digital revenue CAGR, and pursue above-market growth through exclusive brands, ProAV and DataComm expansion, value-added services, efficiency initiatives and strategic tuck-in M&A. ADI has identified over $80 million in run-rate operating savings targeted by the end of 2027 and introduced medium-term financial targets through 2030: 4%–6% revenue CAGR to about $6 billion, 40–50 bps gross margin expansion, Adjusted EBITDA CAGR of over 10% with margins above 8%, and cumulative operating cash flow of more than $1 billion.
Resideo (NYSE: REZI) approved the spin-off of ADI Global Distribution, with a record date of July 20, 2026 and distribution on August 3, 2026. Shareholders are expected to receive 1 ADI (NYSE: ADIG) share for every 2 Resideo shares.
ADI completed a $400M 7.125% senior notes offering and entered into $600M term loan and $500M revolver credit facilities in connection with the spin-off.
Resideo (NYSE: REZI) filed a Form 10 registration statement for the planned spin-off of ADI Global Distribution, whose stock is expected to list on the NYSE as ADIG.
ADI’s 2025 carveout revenue was about $4.8 billion with $318 million Adjusted EBITDA and a $261 million net loss. Completion is targeted between mid-third and mid-fourth quarter 2026, with separate investor days in mid-July 2026.