Resideo announces ADI spin-off for H2 2026; Q1 revenue up 8% but margins compress

Filed May 12, 2026 · Period ending April 4, 2026 · ~1 min read

Key Changes

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  Company announced tax-free spin-off of ADI Global Distribution segment expected in second half of 2026, subject to unspecified conditions. This represents a major strategic restructuring separating distribution from products businesses.

  MD&A: Strategic Transactions verify on EDGAR →
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  Q1 2026 revenue grew 8% to $1.91B, but operating income fell 25% to $102M (5.3% margin from 7.7% prior year). Diluted EPS improved to $0.17 from $(0.02) loss in Q1 2025.

  MD&A: Financial Results verify on EDGAR →
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  Terminated Honeywell Indemnification Agreement in July 2025, eliminating $90M quarterly expense but requiring $1.2B in new debt. Interest expense nearly doubled to $47M in Q1 2026.

  MD&A: Financing Activities verify on EDGAR →