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Alphavest Acquisition Corp(ATMVU) - Prospectus(update)
2026-01-16 21:01
As filed with the Securities and Exchange Commission on January 16, 2026 Registration No. 333-292488 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 _______________________ AMC Robotics Corporation (Exact name of registrant as specified in its charter) _______________________ (State or other jurisdiction of incorporation or organization) Delaware 7372 41-3041844 (Primary Standard Industrial Classifica ...
Lutron's New Caséta Smart Wood Blinds Auto-Tilt with the Sun
Prnewswire· 2026-01-05 00:00
Natural Light Optimization technology adjusts blinds throughout the day so homeowners can enjoy beautifully balanced light without lifting a finger. COOPERSBURG, Pa., Jan. 4, 2026 /PRNewswire/ -- Lutron Electronics, the trusted leader in lighting control and automated shading solutions, announces the launch of Caséta smart wood blinds. Designed for the DIY homeowner seeking convenient, connected natural light control, these blinds offer smart functionality in a classic style. Continue Reading Smart, Simple, ...
Resideo Technologies (NYSE:REZI) Conference Transcript
2025-12-09 17:22
Summary of Resideo's Conference Call Company Overview - Resideo is a two-segment business spun off from Honeywell in 2018, operating in the ADI distribution segment and the Products and Security (P&S) segment [3][4] - The ADI segment focuses on low-voltage distribution primarily in the commercial market and includes high-end residential audio-video distribution through the acquisition of Snap One [3][4] - The P&S segment includes well-known brands like First Alert and Honeywell Home, focusing on safety, security, and home infrastructure products [4][5] Recent Developments - Resideo settled a liability with Honeywell for $1.625 billion, converting it into a Term Loan B, which simplifies the financial structure and removes investor confusion [7][11][12] - The company announced plans to spin off the ADI segment to allow both segments to operate independently, enhancing clarity for investors [13][14] - Leadership changes are anticipated, with Rob Aarnes and Tom Surran set to lead the separate entities post-separation [21][22] Financial Performance and Projections - The P&S segment is projected to achieve low to mid-single-digit organic revenue growth with a gross margin of approximately 43%, aiming for a 300-500 basis points increase over the next three to five years [30][31] - The ADI segment is expected to grow mid-single-digit to high-single-digit organically, with current gross margins in the low 20% and a target of 10% adjusted EBITDA margin [31][32] - Both segments are focused on maintaining a near investment-grade leverage profile, targeting a leverage ratio closer to 2X [41][42] Market Conditions and Demand - The housing market remains anemic, impacting demand for products tied to residential construction and remodeling [66][68] - The ADI segment is less affected by residential market conditions, with about 70% of its revenue coming from the commercial market [70] - There is a noted trend in the security market where end-users are upgrading to newer technologies, which could benefit Resideo's product offerings [71] Competitive Landscape - The competitive environment for professional products is stable, with minimal threats from big tech companies, as Resideo focuses on professional installers rather than direct consumer sales [74][75] - The company continues to see opportunities for growth through M&A in adjacent categories, while maintaining a disciplined approach to capital allocation [46][50] Key Takeaways - The separation of the two segments is aimed at allowing each to focus on its unique market opportunities and investor base [34][35] - Both segments are viewed as strong businesses with potential for shareholder value creation [76][77] - An investor day is planned for each company before the spin-off to provide further insights into their operations and strategies [51]
GENTEX AND GENIE PARTNER TO BRING CLOUD-BASED GARAGE DOOR ACTIVATION TO HOMELINK
Prnewswire· 2025-11-20 14:32
Core Insights - Gentex Corporation and The Genie Company have formed a partnership to integrate Genie's Aladdin Connect platform into Gentex's HomeLink system, enhancing car-to-home automation capabilities [1][4] - HomeLink is recognized as the automotive industry's leading car-to-home automation system, currently available on nearly 300 vehicle models and with approximately 110 million units in operation [2] - The Genie Aladdin Connect platform allows users to remotely control their garage doors via smartphone, offering features like real-time notifications and multi-user access [3] Company Overview - Gentex Corporation, founded in 1974, specializes in technology and has established market-leading positions through strategic partnerships and ongoing research [4] - The Genie Company, a subsidiary of Overhead Door Corporation, is a prominent manufacturer of smart garage door openers and accessories, focusing on customer-centric innovations [4] Technological Advancements - The integration of Genie’s Aladdin Connect into HomeLink will enable users to control garage doors and other smart home devices directly from their vehicles, utilizing cloud-based technology [1][2] - HomeLink's latest version employs radio frequency, Long-Range Bluetooth, and cloud technology to enhance connectivity and control over various smart home devices [2]
Resideo (REZI) FY Conference Transcript
2025-08-11 15:47
Resideo (REZI) FY Conference Summary Company Overview - **Company**: Resideo Technologies, Inc. (REZI) - **Event**: Oppenheimer Technology Conference - **Date**: August 11, 2025 Key Announcements 1. **Agreement with Honeywell**: - Resideo reached a significant agreement with Honeywell, which has been in development for an extended period. This agreement is expected to enhance Resideo's transformational capabilities and remove previous constraints on its operations [5][8][12]. 2. **Separation of ADI**: - The company announced its intention to separate its distribution business, ADI, from its products and solutions business. This separation aims to allow both entities to pursue distinct capital allocation strategies and operational efficiencies [9][11][17]. 3. **Strong Q2 Performance**: - Resideo reported a strong second quarter, marking the ninth consecutive quarter of gross margin expansion in its products and solutions division. The company emphasized the successful integration of the Snap acquisition and the positive performance in a challenging macroeconomic environment [12][14][71]. Strategic Focus Areas 1. **ADI's Standalone Strategy**: - ADI aims to become the indispensable partner for customers by focusing on five strategic pillars: omnichannel experience, innovation, value-added services, capitalizing on technology convergence, and execution excellence [20][25]. 2. **Product Categories Driving Growth**: - The commercial security business, including video surveillance, fire and life safety, and access control, is the primary driver of organic growth. ProAV and Datacom categories are also showing significant growth potential [29][30][32]. 3. **E-commerce Growth**: - Resideo has seen substantial growth in its e-commerce business, attributed to investments in user experience and operational excellence. The company aims to continue this trend moving forward [32][33]. 4. **SnapOne Integration**: - The integration of SnapOne is progressing well, with expectations to exceed initial synergy targets of $75 million. The focus is on cross-selling Snap's exclusive brand portfolio to existing ADI customers [36][38][42]. Financial Outlook 1. **Raised Guidance**: - Resideo raised its adjusted EBITDA guidance by $100 million, reflecting strong performance and the cessation of payments to Honeywell [71][72]. 2. **Capital Allocation Priorities**: - The company will focus on deleveraging and maintaining a strong cash position while remaining open to attractive M&A opportunities [73][74]. 3. **Target Leverage Levels**: - Resideo aims to operate at a near investment-grade credit rating, targeting a leverage level around two times for both ADI and P&S post-separation [75]. Additional Insights 1. **Market Opportunities**: - There is significant upside potential in the security, Datacom, and ProAV markets, with large total addressable markets (TAM) identified [31][32]. 2. **Product Development**: - Resideo is focused on developing differentiated solutions across various systems in residential controls and sensing, including air, safety, security, water, and energy [47][49][66]. 3. **Tariff Management**: - The company plans to pass through tariff-related price increases to maintain margins and leverage favorable supplier terms to manage costs effectively [44][46]. Conclusion - Resideo is positioned for transformational growth through strategic agreements, operational separations, and a focus on innovation and market expansion. The company is optimistic about its future prospects and committed to enhancing shareholder value [78][79].
Resideo(REZI) - 2025 Q1 - Earnings Call Transcript
2025-05-06 22:02
Financial Data and Key Metrics Changes - Total net revenue for the first quarter was approximately $1,800,000,000, representing a 19% year-over-year growth [5] - Total gross margin increased to 28.9%, up 200 basis points year-over-year [5][28] - Adjusted EBITDA grew 23% year-over-year to $168,000,000 [6][28] - Adjusted earnings per share rose 34% year-over-year to $0.63 [6][28] Business Segment Data and Key Metrics Changes - Products and Solutions segment achieved 6% organic revenue growth year-over-year, with total revenue growth of 5% [6][13] - ADI segment reported 29% year-over-year growth in reported net revenue, with 4% organic net revenue growth despite two fewer selling days [21][27] - Gross margin for Products and Solutions was 41.4%, up 190 basis points year-over-year [17] - ADI gross margin was 21.6%, up 360 basis points year-over-year [25] Market Data and Key Metrics Changes - Customer demand remained healthy across both business segments, with minimal signs of hesitancy or order cancellations [11][12] - Organic e-commerce net revenue for ADI grew 15% year-over-year, achieving a new record in daily sales average [23] Company Strategy and Development Direction - The company is focused on mitigating tariff impacts through price increases and strategic inventory purchases [10][11] - Continued emphasis on new product introductions, with several launches planned for 2025 [19][20] - The integration of SnapOne is progressing well, with nearly 100 new products launched in the quarter [24] Management's Comments on Operating Environment and Future Outlook - Management maintains a cautious outlook on the macroeconomic environment but believes in the strength of their execution to navigate uncertainties [30][33] - The company reaffirms its 2025 full-year outlook, planning phased price increases to offset tariff costs [33] Other Important Information - The company absorbed an immaterial amount of tariff-related expenses prior to the implementation of USMCA tariff preference treatment [17] - The company is actively monitoring customer behavior and market conditions to adapt its strategies accordingly [11][12] Q&A Session Summary Question: Pricing in ADI and demand sensitivity - Management indicated that they are passing through price increases from suppliers and do not expect material demand changes due to these increases [38][43] Question: Customer buying behavior in April - Management noted minimal buying ahead and strong demand in March and April, with no significant changes in customer behavior [50][56] Question: Overall spending cycle in residential and commercial markets - Management described the current housing market as somewhat depressed but noted healthy remodeling activity and increasing content per new home [59][62]
Resideo(REZI) - 2025 Q1 - Earnings Call Transcript
2025-05-06 21:00
Financial Data and Key Metrics Changes - Total net revenue for Q1 2025 was approximately $1,800,000,000, representing a 19% year-over-year growth [5] - Total gross margin increased to 28.9%, up 200 basis points year-over-year [6] - Adjusted EBITDA grew 23% year-over-year to $168,000,000 [6] - Adjusted earnings per share rose 34% year-over-year to $0.63 [6] Business Segment Data and Key Metrics Changes - Products and Solutions segment achieved 6% organic revenue growth year-over-year, with total revenue growth of 5% [14] - ADI segment reported 29% year-over-year growth in reported net revenue, with 4% organic net revenue growth despite two fewer selling days [22] - ADI's organic average daily sales grew 7% year-over-year [22] Market Data and Key Metrics Changes - Demand for new Honeywell Home Focus Pro thermostats and First Alert Vista H series security products remains strong [6] - Customer demand in Q1 was healthy across both business segments, with minimal signs of customer hesitancy or order cancellations [11] Company Strategy and Development Direction - The company is focused on mitigating tariff impacts through price increases and strategic inventory purchases [10][11] - Continued emphasis on new product introductions, with several scheduled for launch later in 2025 [20] - The integration of SnapOne is progressing well, with nearly 100 new products launched in the quarter [25][26] Management's Comments on Operating Environment and Future Outlook - Management maintains a cautious outlook on the macroeconomic environment but believes in the strength of execution to navigate uncertainties [32] - The company is reaffirming its 2025 full-year outlook, planning phased price increases to offset tariff costs [34][36] - Management expressed optimism about ongoing gross margin improvements driven by structural efficiencies and new product launches [70][71] Other Important Information - Approximately 90% of goods sold in the U.S. are produced in Mexico, with 98% being USMCA compliant and exempt from tariffs [9][18] - The company absorbed an immaterial amount of tariff-related expenses prior to USMCA tariff preference treatment [18] Q&A Session Summary Question: Pricing strategy in ADI and potential demand impact - Management indicated that they have taken a phased approach to pass through price increases from suppliers and do not expect material demand changes [40][42] Question: Customer buying behavior and demand in April - Management noted minimal buying ahead and strong demand continued into April, with no significant changes in customer behavior [56][58] Question: Overall spending cycle in residential and commercial markets - Management described the current housing market as somewhat depressed but noted healthy remodeling activity and recovery in new home sales [61][64] Question: Gross margin leverage when the macro environment improves - Management expressed optimism about structural improvements in gross margins, expecting ongoing growth without setting specific targets [70][71]