Resideo(REZI) - 2025 Q3 - Earnings Call Presentation

Q3 2025 Financial Performance - Resideo's Q3 2025 net revenue reached $1864 million, a 2% increase year-over-year[35] - Adjusted earnings per share for Q3 2025 were $089, a 51% increase year-over-year[35] - Adjusted EBITDA for Q3 2025 was $229 million, a 21% increase year-over-year[35] - Products & Solutions (P&S) revenue in Q3 2025 was $661 million, a 2% increase year-over-year, with an adjusted EBITDA of $165 million, a 5% increase year-over-year[35] - ADI Global Distribution revenue in Q3 2025 was $1203 million, a 2% increase year-over-year, with an adjusted EBITDA of $92 million, flat year-over-year[35] Strategic Separation and Financial Restructuring - Resideo made a one-time cash payment of $159 billion to Honeywell in Q3 2025 to terminate the Indemnification Agreement[24] - The termination of the Indemnification Agreement immediately unlocked $35 million of quarterly EBITDA[24] - The company is separating into two independent companies to create strategic alignment and management focus[24] 2025 Outlook - The company anticipates total net revenue between $7430 million and $7470 million for 2025[57] - Adjusted EBITDA is projected to be between $818 million and $832 million for 2025[57]