Earnings Releases·Nov 10, 2026, 4:12 PM ET

Resideo — Third Quarter 2026 Earnings Summary

Total revenue reached $727 million (up 3% YoY), with revenue excluding OEM Security rising 6% to $694 million, while GAAP net income from continuing operations fell 66% to $31 million due to one-time charges; Standalone Adjusted EBITDA and Adjusted EPS grew 5% and 8% YoY to $154 million and $0.52, respectively.
The company provided full-year 2026 guidance for revenue of $2,927–$2,947 million and Standalone Adjusted EBITDA of $614–$624 million, noting Q3 results landed near the high end of prior outlook ranges.
Strategic capital allocation included the repayment of $1.1 billion in gross debt using proceeds from a $900 million dividend received from ADI and $200 million in cash on hand, reducing total gross debt to $2.1 billion.
The ADI Global Distribution segment was separated on August 3, 2026, with its historical results classified as discontinued operations, while OEM Security revenue declined 34% YoY due to reduced volumes from a major customer.
Management highlighted strong execution in a soft housing market, driven by demand for non-discretionary products and new AI-powered capabilities on the FORTIQ platform, though risks remain regarding macroeconomic conditions, customer concentration, and tariff impacts.