DivestmentAug 12, 2026, 04:25 PM
Resideo Completes ADI Spin-Off; Q2 Revenue $1.98B, Adj. EPS $0.83
AI Summary
Resideo Technologies successfully completed the spin-off of its ADI Global Distribution segment on August 3, 2026. The company also reported strong second quarter 2026 financial results, with record revenue and Adjusted EBITDA, and appointed Shane Harrison as its new Senior Vice President, Chief Financial Officer, effective September 1, 2026. The company initiated a standalone 2026 outlook.
Key Highlights
- ADI Global Distribution segment spin-off completed on August 3, 2026.
- Shane Harrison appointed SVP, Chief Financial Officer, effective September 1, 2026.
- Q2 2026 Revenue reached a record $1.98 billion, up 2% year-over-year.
- Q2 2026 Net Income was $97 million, compared to a net loss of $825 million in Q2 2025.
- Q2 2026 Adjusted EPS increased 26% year-over-year to $0.83.
- Q2 2026 Adjusted EBITDA was a record $249 million, up 19% year-over-year.
- Repaid $900 million of Term Loan B debt using proceeds from ADIG dividend.
- Initiated standalone Q3 2026 revenue outlook of $705 - $730 million.
Price Impact
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