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Jun 4, 2026 4:20 PM

Resideo Provides Update on Planned Spin-Off of ADI Global Distribution

Files Amended Form 10 Registration Statement

Announces Scheduling Details for Resideo and ADI Investor Days

Reaffirms Previously Announced Second Quarter and Full Year 2026 Outlook; Releases Segmented P&S and ADI Second Quarter 2026 Financial Outlook

SCOTTSDALE, Ariz., June 4, 2026 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE:REZI) ("Resideo" or the "Company"), a leading global manufacturer, developer, and distributor of technology-driven sensing and controls products and solutions for residential and commercial end-markets, today announced that in connection with the planned spin-off of its ADI Global Distribution business ("ADI") and consistent with the typical spin-off process, Resideo has filed an amended Form 10 registration statement to include the ADI financial statements for the three months ended April 4, 2026, with the U.S. Securities and Exchange Commission ("SEC"), a copy of which is available on the SEC website as well as Resideo's Investor Relations website.

Resideo and ADI Investor Days

In anticipation of the business separation occurring within the previously announced range of mid-Q3'26 to mid-Q4'26, Resideo and ADI will be hosting Investor Days in New York City on July 13, 2026, and July 14, 2026.

Resideo will host a live video webcast of its Investor Day on July 13, 2026, starting at 12:00 p.m. EDT. Registration information for the Resideo Investor Day can be found here.

ADI will host a live video webcast of its Investor Day on July 14, 2026, starting at 12:00 p.m. EDT. Registration information for the ADI Investor Day can be found here.

Both events will take place at the New York Stock Exchange and will include management presentations, product showcases and Q&A sessions with executive management. During the events, members of the leadership teams will provide details on Resideo's and ADI's standalone businesses, longer-term financial outlooks and respective value creation strategies.

Live webcasts of the events, along with related presentation materials, will be available on Resideo's Investor Relations website. Replays of the webcasts will be available following the presentations.

Resideo Reaffirms Second Quarter and Full Year 2026 Financial Outlook and Releases Second Quarter 2026 Segmented P&S and ADI Financial Outlook

Resideo reaffirms its previously released second quarter and full year 2026 financial outlook as provided on May 12, 2026. The full year 2026 financial outlook reflects the expectation that ADI net revenue and Adjusted EBITDA will be up year over year in the second half of 2026.

($ in millions, except per share data)

Q2 2026

Full Year 2026

Net revenue

$1,916 - $1,940

$7,800 - $7,900

Non-GAAP Adjusted EBITDA1

$216 - $230

$935 - $985

Non-GAAP Adjusted Earnings Per Share1

$0.71 - $0.75

$3.00 - $3.20

Ahead of the announced investor days, the Company is providing the following segmented outlooks for the second quarter of 20262:

($ in millions)

P&S