RESIDEO TECHNOLOGIES Business Summary

Resideo Technologies, Inc. (REZI) operates a dual-segment business model focused on the manufacturing of smart home solutions and the global distribution of security and low-voltage products. The company generates revenue through its Products & Solutions (P&S) segment, which designs and sells Honeywell Home-branded thermostats, First Alert safety products, and water/air controls, and its ADI Global Distribution segment, a leading wholesale distributor for professional installers. As of early 2026, Resideo is executing a strategic separation to spin off ADI into an independent public entity by the second half of the year, a move intended to unlock value from its high-margin hardware and SaaS ecosystem, which now includes the Control4 platform following the 2024 Snap One acquisition. The company competes directly with industrial giants and tech-focused rivals such as Johnson Controls, Carrier Global, Alarm.com, and ADT, positioning itself as a vertically integrated leader that bridges the gap between professional-grade distribution and consumer-facing smart home technology. The leadership team is currently led by President and CEO Jay Geldmacher, an industry veteran who is overseeing the company's structural transition and planned retirement following the ADI separation. Key executive roles include Chief Financial Officer Michael Carlet, who previously served as CFO of Snap One and brings deep expertise in omnichannel growth, and segment presidents Rob Aarnes (ADI) and Thomas Surran (P&S). The company’s governance is directed by Chairman Andrew C. Teich, former CEO of FLIR Systems, alongside a board that includes former Honeywell Vice Chairman Roger Fradin in a consulting capacity. Resideo maintains a high level of institutional backing, with major stakes held by The Vanguard Group, BlackRock, and State Street Global Advisors, reflecting a shareholder base focused on the company's evolution from a Honeywell spinoff into a diversified, software-enabled technology powerhouse.