Reports Q2 revenue $1.94B vs. $1.59B last year. “Resideo (REZI) had an exceptional second quarter, reporting record high results that were above the high-end of the range for all our key financial metrics. We are pleased to report that both the ADI and Products and Solutions segments generated organic net revenue growth, gross margin expansion, and robust Adjusted EBITDA growth,” said Jay Geldmacher, Resideo’s President and CEO. “With consistent execution and our confidence that the company will achieve the profitable growth opportunities ahead, we are raising our 2025 outlook. As we embark on the transformative action to spin off ADI, we believe the performance of both businesses is a strong proof point to the future success of each independent company.”
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Read More on REZI:
- Oppenheimer upgrades Resideo to Outperform after Honeywell deal, ADI spinoff
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