Welcome to our dedicated page for Resideo Technologies news (Ticker: REZI), a resource for investors and traders seeking the latest updates and insights on Resideo Technologies stock.
Resideo Technologies, Inc. (NYSE: REZI) generates frequent news and disclosures as a global manufacturer, developer, and distributor of technology-driven sensing and controls products and solutions for residential and commercial end-markets. News about Resideo often covers developments in its Products & Solutions segment, which focuses on residential controls and sensing solutions, and its ADI Global Distribution segment, which operates as a global wholesale distributor of low-voltage security, fire, audio-visual, access control, smart living, and data communications products.
Recent press releases illustrate the types of updates investors and observers can expect. Product news includes announcements such as the Honeywell Home X8S smart thermostat, described by the company as a premium smart thermostat with a large touchscreen, integrated live video streaming from compatible doorbells, indoor air quality monitoring features, and connectivity with major smart home platforms. Other product-related updates highlight connected smoke and carbon monoxide detectors, water and energy products, and security and indoor air quality offerings under brands like Honeywell Home, First Alert, BRK, and Control4.
Resideo’s news flow also includes financial results and outlook updates, where the company reports quarterly net revenue, segment performance for Products & Solutions and ADI, gross margins, and Adjusted EBITDA. These releases may discuss revenue drivers such as demand for new products, performance across retail, OEM, and distribution channels, and contributions from acquisitions. In addition, the company issues announcements about strategic actions, including its stated intention to separate the ADI Global Distribution business into an independent public company and portfolio moves such as the sale of its Grid Services demand response business to EnergyHub.
Corporate and capital markets news items include participation in investor conferences, earnings call schedules, and transactions related to the termination of the Indemnification and Reimbursement Agreement with Honeywell and associated financing arrangements. Visitors to this REZI news page can review these updates in one place, using them to track Resideo’s product introductions, segment trends, strategic transactions, and governance developments over time.
Resideo Technologies, Inc. (NYSE: REZI) is set to release its third quarter financial results before the NYSE opening on November 5, 2020. A conference call and webcast discussing the results will occur on the same day at 8:30 a.m. EST. Investors can join the call by dialing 1-800-367-2403 (U.S.) or +1-334-777-6978 (international) using the conference code 8408606. A replay will be available after the call. Resideo is a leading provider of comfort and security solutions in residential environments, serving over 110,000 professionals globally.
Resideo Technologies (NYSE: REZI) announced that Jeff Frank will join the company as senior vice president of product innovation effective August 31, 2020. Reporting to CEO Jay Geldmacher, Frank will focus on product innovation and strategic market development. Previously, he led global product strategy at FLIR Systems, contributing to significant growth in infrared technology applications. Geldmacher expressed excitement about Frank’s addition to enhance Resideo's product development capabilities.
Resideo serves over 150 million homes and operates through 110,000 professionals globally.
Resideo Technologies, Inc. (NYSE: REZI) reported its second-quarter results, revealing a 17% drop in net revenue to $1.0 billion, and a GAAP net loss of $76 million compared to a loss of $11 million in Q2 2019. Adjusted EBITDA fell 48% to $63 million, influenced by COVID-19 challenges. Segment revenues decreased by 10% in ADI Global Distribution and 26% in Products & Solutions. Despite an increase in cash flow from operations to $71 million, management anticipates cash flow improvements as business activity recovers.
Resideo Technologies, Inc. (NYSE: REZI) is set to announce its second quarter financial results on August 4, 2020, prior to the market opening. A conference call will occur at 8:30 a.m. EDT to discuss these results. Investors can dial in to participate and a replay will be available for one week following the call. Resideo is a leading provider of residential thermal and security solutions, operating in over 150 million homes globally and serving more than 110,000 professionals.