Resideo Unlocks Value by Spinning Off ADI, Streamlining Its Smart Home and Security Leadership Amid Strategic Restructuring
Overview
Resideo Technologies is a global leader in smart home comfort, security, and energy management, serving over 150 million homes through the P&S products division (Honeywell Home, First Alert, BRK, Control4) and the ADI Global Distribution arm (the world’s largest low-voltage and smart home distributor). Spun out from Honeywell in 2018, Resideo leverages strong brands, a massive installed base, and a robust installer network of over 100,000 professionals. In 2024, it reported $6.76 billion in revenue, split 60/40 between ADI and P&S. Recent years have seen operational improvements, margin expansion, and enhanced innovation, positioning the company as a major beneficiary of the smart home secular tailwind. Importantly, Resideo is now undergoing transformational restructuring, including the upcoming spin-off of the ADI segment to unlock value and better focus each segment's strategic direction.