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Resideo To Release Fourth Quarter and Full Year 2025 Financial Results on February 24, 2026
Prnewswire· 2026-02-03 21:05
Core Viewpoint - Resideo Technologies, Inc. is set to release its fourth quarter and full year 2025 financial results on February 24, 2026, with a subsequent webcast to discuss these results [1][2]. Company Overview - Resideo is a leading global manufacturer, developer, and distributor of technology-driven sensing and controls products and solutions for both residential and commercial markets [2]. - The company specializes in home heating, ventilation, and air conditioning controls, smoke and carbon monoxide detection, home safety, fire suppression products, and security markets [2]. - Resideo's solutions and services are utilized in over 150 million residential and commercial spaces worldwide, with tens of millions of new devices sold annually [2].
Resideo Signs Agreement To Accelerate Payment of All Potential Monetary Obligations Under Indemnification and Reimbursement Agreement with Honeywell and Eliminate All Future Payments
Prnewswire· 2025-07-30 11:00
Core Viewpoint - Resideo Technologies has entered into a definitive agreement with Honeywell to accelerate and eliminate future monetary obligations, involving a one-time cash payment of $1.59 billion in Q3 2025, which is expected to enhance Resideo's financial flexibility and profitability [1][2][3]. Financial Implications - Resideo will make a one-time cash payment of $1.59 billion to Honeywell in Q3 2025, in addition to a scheduled payment of $35 million made on July 29, 2025 [2]. - The termination of the Indemnification Agreement will eliminate annual payments of up to $140 million through 2043, positively impacting Resideo's adjusted earnings per share and free cash flow [2][3]. - Resideo anticipates being above the high-end of its previously provided outlook for Q2 2025, with expected net revenue of $1,805 - $1,855 million, Non-GAAP Adjusted EBITDA of $175 - $195 million, and Non-GAAP Adjusted Earnings Per Share of $0.51 - $0.61 [5]. Strategic Developments - The agreement with Honeywell is seen as a significant turning point for Resideo, enhancing its strategic and financial flexibility while simplifying its obligations to investors [3]. - Resideo plans to finance the payment to Honeywell through approximately $400 million in cash-on-hand and new senior secured debt financing committed by J.P. Morgan and Wells Fargo [3]. - Resideo announced its intention to separate its ADI Global Distribution business through a tax-free spin-off to shareholders, creating two independent public companies [4].