The investor day targets are aspirational and not current financial results. Monitor the spin-off completion on August 3, 2026, and the subsequent Q3 2026 earnings for the first standalone financial report. The deleveraging trajectory and margin expansion execution will be key to stock performance.
Price Chart
Executive Summary
Resideo hosted an Investor Day on July 13, 2026, ahead of the planned spin-off of ADI Global Distribution, presenting its strategy as a pure-play building technologies company. The company introduced medium-term financial targets for 2030, including 4-5% revenue CAGR, gross margin expansion to 43-45%, and Adjusted EBITDA margin expansion to 23-25%, while also detailing its capital structure and deleveraging plan. The filing is an investor presentation and press release, not an earnings report, and contains no new financial results for the current period.
Key Facts
- Resideo targeting 4-5% revenue CAGR from 2025 through 2030.
- Targeting gross margin expansion of ~400 bps to 43-45% by 2030.
- Targeting Adjusted EBITDA margin expansion of ~400 bps to 23-25% by 2030.
- FY2025 standalone adjusted revenue of $2.9B and standalone adjusted EBITDA of $581M.
- Spin-off of ADI Global Distribution expected to close on August 3, 2026, with ADIG trading on August 4, 2026.
- REZI shareholders to receive 1 share of ADIG for every 2 shares of REZI owned.
- Targeting <2.0x net leverage within ~24 months post-spin, from ~3.3x at spin.
- 12 consecutive quarters of adjusted gross margin expansion through LTM Q1 2026.
- Free cash flow conversion of 85%+ in each of the last three fiscal years.
Financial Impact
Medium-term targets set for 2030: 4-5% revenue CAGR, 43-45% adjusted gross margin, 23-25% adjusted EBITDA margin, and 92%+ FCF conversion. FY2025 standalone adjusted revenue was $2.9B, standalone adjusted EBITDA was $581M (20.3% margin). Net leverage target of <2.0x within 24 months post-spin from ~3.3x at spin.
Risk Factors
- Spin-off may not achieve intended strategic, operational, or financial benefits.
- Failure to execute on 2030 growth and margin targets.
- Macroeconomic headwinds (housing market, tariffs) could impact demand.
- Integration and operational disruptions from the separation.
- High leverage (~3.3x) at spin-off requires successful deleveraging.
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-077351 |
| Document: ea0297747-8k_resideo.htm | 0001213900-26-077351 |
| Document: ea029774701ex99-1.htm | 0001213900-26-077351 |
| Document: 0001213900-26-077351-index-headers.html | 0001213900-26-077351 |
| Document: 0001213900-26-077351-index.html | 0001213900-26-077351 |
| Document: 0001213900-26-077351.txt | 0001213900-26-077351 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | Press Release | $17.48 | awaiting T+1 | — | $17.83 (+2.00%) |
Oct 8, 2026 18d ago | SC 13G/A | $17.20 $17.07 | ▲ +0.76% | ▲ +1.36% | $17.83 (−3.66%) |
Sep 3, 2026 7w ago | 3 | $19.53 $19.88 | ▲ +1.79% | ▲ +2.18% | $17.83 (−8.70%) |
Aug 18, 2026 10w ago | Insider Cluster | $21.02 $21.54 | ▲ +2.47% | ▲ +2.26% | $17.83 (−15.18%) |
Aug 17, 2026 10w ago | Insider Cluster | $20.64 $21.02 | ▲ +1.84% | ▲ +2.52% | $17.83 (−13.61%) |
Aug 12, 2026 10w ago | 8-K | $20.46 $20.50 | ▲ +0.20% | ▲ +0.39% | $17.83 (−12.85%) |
Aug 7, 2026 11w ago | S-3ASR | $24.21 $24.24 | ▲ +0.12% | ▲ +0.44% | $17.83 (−26.35%) |
Aug 4, 2026 12w ago | 8-K | $26.17 $26.24 | ▲ +0.27% | ▲ +0.47% | $17.83 (−31.87%) |
Jul 13, 2026 15w ago | 8-K | $35.40 $36.86 | ▲ +4.12% | ▲ +3.77% | $17.83 (−49.63%) |
Jun 24, 2026 17w ago | 8-K | $32.34 $30.96 | ▼ −4.27% | ▼ −3.54% | $17.83 (−44.87%) |
US Market Status
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