Resideo Technologies, Inc. (‘Resideo’) manufactures, develops, and distributes technology-driven sensing and control products and solutions that help homeowners and businesses stay connected and in control of their comfort, security, energy use, and smart living globally.
The company is a player in key product markets, including home heating, ventilation, and air conditioning controls, smoke and carbon monoxide detection, home safety and fire suppression, and security. Its global footprint serv...
Resideo Technologies, Inc. (‘Resideo’) manufactures, develops, and distributes technology-driven sensing and control products and solutions that help homeowners and businesses stay connected and in control of their comfort, security, energy use, and smart living globally.
The company is a player in key product markets, including home heating, ventilation, and air conditioning controls, smoke and carbon monoxide detection, home safety and fire suppression, and security. Its global footprint serves residential and commercial end-markets. The company’s solutions and services can be found in over 150 million residential and commercial spaces globally, with tens of millions of new devices sold annually.
The company's primary focus is on the professional channel, where it is a trusted partner to over 100 thousand professional contractors, installers, dealers, and integrators in the HVAC, security, fire, electrical, and home comfort markets (‘professionals’).
In the second quarter of 2024, the company expanded the business through the acquisition of Snap One, which has been incorporated into the ADI Global Distribution business segment. The acquisition expands its distribution into, and reach with, smart-living products, services, and software. ADI Global Distribution and Products and Solutions contributed approximately 62% and 38% of the company's net revenue, respectively, for the year ended December 31, 2024.
Segments
The company manages its business operations through two business segments, Products and Solutions, and ADI Global Distribution.
Products and Solutions: The company's products and solutions for comfort, energy management, safety, and security benefit from trusted, well-established branded offerings, such as Honeywell Home, First Alert, Resideo, Braukmann, BRK, and others. Its offerings include temperature and humidity control, water and air solutions, smoke and carbon monoxide detection, home safety products, residential and small business security products, video cameras, other home-related lifestyle convenience solutions, cloud infrastructure, installation and maintenance tools, and related software. The company also sells components to manufacturers of water heaters, heat pumps, and boilers. Through its whole home presence, it is an enabler of home connectivity with over 12.8 million connected customers. The company's connected solutions harness data to provide control, visibility, insights, and alerts to the end user. Its comprehensive product suite has also allowed it to develop and sustain long-standing partnerships with professionals who have relied on its selection and availability of products and configured solutions to help them succeed.
ADI Global Distribution: The company's ADI Global Distribution segment is a wholesale distributor of low-voltage products, including security, fire, and access control, and participates significantly in the broader related markets of smart home, residential audio-visual, professional audio-visual, power management, networking, data communications, wire and cable, enterprise connectivity, and structured wiring products. In addition, ADI Global Distribution partners with a network of contract manufacturers and joint-development suppliers to produce a full range of proprietary smart-home technology products and solutions under its own exclusive brands.
With over 200 stocking locations in multiple countries (including third-party logistics), ADI Global Distribution distributes more than 500 thousand products from over one thousand manufacturers to a customer base of more than 100 thousand professionals, and is recognized for superior customer service. The company continues to expand its third-party and exclusive product offerings while bolstering its value-added services, including presales system design, proposal and design development solutions, and 24/7 order pick-up.
Seasonality
The company's Products and Solutions business typically experiences a moderate level of seasonality. Sales activity is generally highest in the fall and early winter months, reflecting increased customer purchases of heating-related products, with the highest sales at the end of the third quarter and throughout the fourth quarter (year ended December 31, 2024) in the majority of its geographical markets.
Research and Development
The company’s research and development expenses for the year ended December 31, 2024, were $111 million.
Intellectual Property
The company owns approximately 2,900 worldwide active patents and pending patent applications to protect its research and development investments in new products and services. It also has a significant trademark license with Honeywell in connection with its use of the Honeywell Home trademark, as well as certain intellectual property licensed by Honeywell to it in connection with the Spin-Off.
History
Resideo Technologies, Inc. was incorporated in Delaware in 2018.