Resideo Technologies

#2913

Rank

$5.67B

Marketcap

United States

Country

Leadership team

Mr. Jay L. Geldmacher (CEO, Pres & Director)

Mr. Anthony L. Trunzo (Exec. VP & CFO)

Mr. Robert B. Aarnes (Pres of ADI Global Distribution)

Products/ Services

Homeland Security, Security

Number of Employees

1,000 - 20,000

Headquarters

Atlanta, Georgia, United States

Established

2018

Company Registration

SEC CIK number: 0001740332

Net Income

100M - 500M

Revenue

Above - 1B

Traded as

REZI

Social Media

URL

https://www.resideo.com

Overview

Location

Recognition and Award

References

Summary

Resideo Technologies, Inc. develops, manufactures, and sells comfort, residential thermal, and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products & Solutions, and ADI Global Distribution. It offers temperature and humidity control, thermal water, and air solutions; and security panels, sensors, peripherals, wires and cables, communication devices, video cameras, awareness solutions, cloud infrastructure, installation and maintenance tools, and related software products under the Honeywell Home brand. In addition, the company distributes security products comprising video, intrusion, and access control products; and smart home, fire, power, audio, ProAV, networking, communication, wire and cable, enterprise connectivity, and structured wiring products to contractors that service non-residential and residential end-users. It sells its products through a network of distributors, original equipment manufacturers, and service providers, as well as retail and online channels. Resideo Technologies, Inc. was incorporated in 2018 and is headquartered in Scottsdale, Arizona.

History

Spin-off

Honeywell spun off the Homes and Distribution business in October 2018 as part of a corporate restructuring program. The new company was named Resideo. Shares in the company began trading on the New York Stock Exchange under the ticker symbol REZI.

Roger Fradin, a former vice chairman of Honeywell, was named board chair. Mike Nefkens was named president and CEO. The company established its headquarters in Austin, Texas following the spin-off.

Resideo’s shares initially traded at $28 with market capitalization of $3.2 billion. In its first full quarter as a standalone company, the company reported sales of $1.2 billion and earnings of $2.53 per share. In the second quarter of 2019, the company reported sales of $1.2 billion and earnings of $0.19 per share.In 2021, Resideo announced that it would move its corporate headquarters from Austin, Texas to Scottsdale, Arizona. The move was complete by early 2022.

Mergers and acquisitions

On March 28, 2019, Resideo announced the acquisition of Buoy Labs, a company that offers water usage and leak prevention products.

On May 21, 2019, Resideo announced it had acquired energy efficiency technology from Whisker Labs. The technology creates an thermodynamic model of a home to predict energy use and enable efficiency.

On June 27, 2019, Resideo announced the acquisition of LifeWhere, a company that uses predictive analytics to forecast home appliance failures.On February 7, 2022, Resideo announced it would acquire First Alert from Newell Brands.

Mission

Our mission is to provide families with the most effective and efficient smart home comfort, security and environmental solutions available to them in order to make their lives easier and more secure.

Vision

Our vision is to be the global leader in providing innovative and connected solutions for families everywhere.

Key Team

Mr. Phillip L. Theodore (Pres of Products & Solutions)

Mr. Travis D. Merrill (Exec. VP, Chief Strategy & Commercial Officer)

Ms. Tina M. Beskid (VP & Chief Accounting Officer)

Michael Mercieca (VP of Investor Relations)

Ms. Jeannine J. Lane (Exec. VP, Gen. Counsel & Corp. Sec.)

Mr. Trent Perrotto (Sr. Director of Corp. and Digital Communications)

Mr. Stephen Montgomery Kelly (Chief HR Officer & Exec. VP)

Recognition and Awards

Resideo has been recognized for its quality products and solutions, producing a range of awards such as Environmental Leader Product of the Year, the IoT Innvation Awards and the Clean Energy Council Awards.