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{{Use mdy dates|date=August 2023}}{{Short description|American industrial company}}

{{Infobox company
| name = Resideo
| logo = [[File:Resideo logo.jpg|frameless]]
| type = [[Public company|Public]]
| traded_as = {{ubl|{{NYSE|REZI}}||[[List of S&P 600 companies|S&P 600]] component}}
| ISIN = {{ISIN|sl=n|pl=y|US76118Y1047}}
| industry = [[Security systems]], [[Home automation]], [[Fire detection]]
| fate = 
| predecessor = <!-- or: | predecessors = -->
| successor = <!-- or: | successors = -->
| founded = October 29, 2018
| founder = <!-- or: | founders = -->
| defunct = <!-- {{End date|YYYY|MM|DD}} -->
| hq_location_city = [[Scottsdale, Arizona]]<ref name="scottsdale">{{Cite news |date=August 6, 2021 |title=Resideo Technologies Inc (REZI) Q2 2021 Earnings Call Transcript |url=https://www.fool.com/earnings/call-transcripts/2021/08/06/resideo-technologies-inc-rezi-q2-2021-earnings-cal/ |website=Fool.com |access-date=March 30, 2022}}</ref>
| hq_location_country = United States
| area_served = Worldwide
| key_people = Jay Geldmacher (CEO)<br>Tony Trunzo (CFO)<br>Phillip Theodore (President P&S)<br>
| products = Home automation products
| owner = <!-- or: | owners = -->
| num_employees = 16,000
| brands = [[Control4]], Honeywell Home <br /> First Alert<br />
| revenue = {{decrease}} {{US$|6.24 billion|link=yes}} (2023)<ref>{{Cite news |date=February 13, 2024 |title=Resideo Announces Fourth Quarter and Full Year 2023 Financial Results|url=https://investor.resideo.com/news/news-details/2024/Resideo-Announces-Fourth-Quarter-and-Full-Year-2023-Financial-Results/default.aspx|website=resideo.com |access-date=April 22, 2024}}</ref>
| operating_income = {{decrease}} US$547 million (2023)
| net_income = {{decrease}} US$495 million (2023)
| assets = {{increase}} US$6.645 billion (2023)
| equity = {{increase}} US$2.749 billion (2023)
| divisions = ADI Global Distribution <br />
| num_employees_year = <!-- Year of num_employees data (if known) -->
| parent = 
| website = {{Official URL}}
}}

'''Resideo Technologies, Inc.''' is a publicly traded U.S.-based company formed in 2018 out of a spin off from [[Honeywell]]. It provides room air temperature, quality, and humidity control and security systems primarily in residential dwellings in the U.S. and internationally. The company operates in two segments: products and distribution. It manufactures and distributes [[smart-home]] and software products, including temperature and lighting<ref name="SSILighting">{{cite web |last1=SSI Staff |title=Resideo Reveals Line of Honeywell Home Z-Wave Plus Controls |url=https://www.securitysales.com/product-news/resideo-honeywell-z-wave-plus-controls/ |website=SecuritySales.com |date=21 August 2019 |accessdate=12 September 2019}}</ref> control, security, and water and air monitoring. The company also distributes security, fire and low-voltage products.<ref name="Forbes112018">{{cite news
|title=Honeywell Completes Spin-Off Of Resideo Technologies |first=Joe |last=Cornell |date=November 2, 2018 |work=Forbes
|url=https://www.forbes.com/sites/joecornell/2018/11/02/honeywell-completes-spin-off-of-resideo-technologies }}</ref><ref name="ROINJ">{{cite news
|title=Resideo Stock Tanks Because the Stock Market Hates Confusion |first=Al |last=Root |date=March 7, 2019 |work=Barrons
|url=https://www.barrons.com/articles/resideo-stock-guidance-miss-honeywell-51551972325 }}</ref> The company now has over 13,000 employees globally, and products in over 150 million households.
==History==
===Spin-off===
Honeywell spun off the Homes and Distribution business in October 2018 as part of a corporate restructuring program. The new company was named Resideo. Shares in the company began trading on the [[New York Stock Exchange]] under the ticker symbol REZI.<ref name="DigTrendsJul2018">{{cite news |title=Honeywell Home products will be sold by a new company – Resideo |first=Bruce |last=Brown |date= July 27, 2018 |work=Digital Trends
|url=https://www.digitaltrends.com/home/honeywell-home-re-named-resideo/ }}</ref><ref name="ForbesOct2017">{{cite news
|title=Honeywell To Spin-Off Non-Core Assets By End Of 2018 |first=Joe |last=Cornell
|date=October 12, 2017 |work=Forbes
|url=https://www.forbes.com/sites/joecornell/2017/10/12/honeywell-to-spin-off-non-core-assets-by-end-of-2018/#89a43bd50b97 }}</ref><ref name="MotleyFoolJul19">{{cite news
|title=Heat Up Your Portfolio With This Connected-Home Stock |first=Luis |last=Sanchez
|date=July 7, 2019 |work=Motley Fool
|url=https://www.fool.com/investing/2019/07/07/heat-up-your-portfolio-with-this-connected-home-st.aspx }}</ref> Roger Fradin, a former vice chairman of Honeywell, was named board chair. Mike Nefkens was named president and CEO. The company established its headquarters in [[Austin, Texas]] following the spin-off.<ref name="NYTimes102017">{{cite news |title=Honeywell Set to Spin Off 2 Units, but Keep Aerospace Division |first=Amy |last=Tsang |date=October 10, 2017 |work=New York Times
|url=https://www.nytimes.com/2017/10/10/business/dealbook/honeywell-aerospace-dan-loeb.html }}</ref><ref name="WSJSept2018">{{cite news |title=Resideo Names CFO, Board Ahead of Spinoff From Honeywell |date=September 12, 2018 |work=Wall Street Journal
|url=https://www.wsj.com/articles/resideo-names-cfo-board-ahead-of-spinoff-from-honeywell-1536764901 }}</ref><ref name="SecInfoJul2018">{{cite news |title=Resideo revealed as new honeywell Home Business Name |first=Paul |last=Rothman |date=July 25, 2018 |work=Security Info Watch |url=https://www.securityinfowatch.com/news/12422081/resideo-revealed-as-new-honeywell-home-business-name }}</ref><ref name="Blmbrg102017">{{cite news
|title=Honeywell Will Spin Off Car Parts and Home Systems Businesses |first=Thomas |last=Black
|date=October 10, 2017 |work=Bloomberg
|url=https://www.bloomberg.com/news/articles/2017-10-10/honeywell-to-spin-off-car-parts-household-units-under-new-ceo }}</ref> Resideo’s shares initially traded at $28 with market capitalization of $3.2 billion. In its first full quarter as a standalone company, the company reported sales of $1.2 billion and earnings of $2.53 per share.<ref name="Forbes112018" /><ref name="InvestorsBizNov2018">{{cite news |title=Smart Home Firm Resideo Technologies Pops On Earnings Report |first=Patrick |last=Seitz |date=November 14, 2018 |work=Investors Business Daily
|url=https://www.investors.com/news/technology/resideo-technologies-stock-q3-2018-earnings/ }}</ref><ref name="DigTrendsJul2018" /> In the second quarter of 2019, the company reported sales of $1.2 billion and earnings of $0.19 per share.<ref name="Barrons080819">{{cite news |title=The U.S. Housing Market Is Fine. A Smart Home Product CEO Explains Why. |first=Al |last=Root |date=August 8, 2019 |work=Barrons
|url=https://www.barrons.com/articles/us-housing-market-is-fine-resideo-technologies-ceo-says-51565267390 }}</ref><ref name="TechNews">{{cite web |last1=Underwood |first1=Janice |title=Resideo Technologies Inc (NYSE:REZI) Expected to Announce Quarterly Sales of $1.24 Billion |url=https://technewsobserver.com/news/2019/09/10/resideo-technologies-inc-nyserezi-expected-to-announce-quarterly-sales-of-1-24-billion-updated.html |website=Tech News Observer |accessdate=12 September 2019}}</ref>

In 2021, Resideo announced that it would move its corporate headquarters from Austin, Texas to Scottsdale, Arizona.<ref name="scottsdale" /> The move was complete by early 2022.{{Citation needed|date=December 2022}}
===Mergers and acquisitions===
On March 28, 2019, Resideo announced the acquisition of Buoy Labs, a company that offers water usage and leak prevention products.<ref name="Cepro419">{{cite news |title=Resideo Acquires Buoy Labs, Adds Smart Leak Detection to Portfolio |date=March 28, 2019 |work=Cepro
|url=https://www.cepro.com/article/resideo_acquires_buoy_labs_smart_leak_detection }}</ref> All Buoy products have been discontinued and support was stopped 31st March 2021.

On May 21, 2019, Resideo announced it had acquired [[Efficient energy use|energy efficiency]] technology from Whisker Labs. The technology creates an [[thermodynamic]] model of a home to predict energy use and enable efficiency.<ref name="Cepro522">{{cite news |title=Resideo Acquires Whisker Labs' Responsive Energy Efficiency Technology |date=May 22, 2019 |work=Cepro |url=https://www.cepro.com/article/resideo_acquires_whisker_labs_energy_technology }}</ref>

On June 27, 2019, Resideo announced the acquisition of LifeWhere, a company that uses [[predictive analytics]] to forecast home appliance failures.<ref name="SIWLifewhere">{{cite web |last1=Griffin |first1=Joel |title=Resideo looks beyond security to expand its presence in the smart home |url=https://www.securityinfowatch.com/residential-technologies/smart-home/article/21087317/resideo-looks-beyond-security-to-expand-its-presence-in-the-smart-home |website=SecurityInfoWatch.com |accessdate=12 September 2019}}</ref><ref name="StreetInsiderJun19">{{cite news
|title=Resideo Technologies, Inc. (REZI) Acquires LifeWhere |date=June 27, 2019 |work=Street Insider |url=https://www.streetinsider.com/Corporate+News/Resideo+Technologies%2C+Inc.+%28REZI%29+Acquires+LifeWhere/15656190.html }}</ref>

On February 7, 2022, Resideo announced it would acquire [[First Alert]] from [[Newell Brands]].<ref>{{Cite news |date=February 7, 2022 |title=Resideo Announces Agreement to Acquire First Alert, Inc., a Leader in Home Safety Products, and Provides Preliminary Fourth Quarter Financial Results |url=https://www.prnewswire.com/news-releases/resideo-announces-agreement-to-acquire-first-alert-inc-a-leader-in-home-safety-products-and-provides-preliminary-fourth-quarter-financial-results-301476210.html |website=[[PR Newswire]] |access-date=February 8, 2022}}</ref>

On April 15th, 2024, Resideo announced it would acquire Snap One, a major home automation provider, for $10.75 per share in cash, for a transaction value of approximately $1.4 billion.<ref>https://www.adiglobal.com/company-news/resideo-to-acquire-snap-one-to-expand-presence-in-smart-living-products-and-distribution-24/</ref> This purchase includes the [[Control4]] brand, which has provided home automation solutions since 2004. Other Snap One brands such as Triad, Luma, and Araknis will all be sold through ADI Global Distribution.<ref>https://audioxpress.com/news/resideo-to-acquire-control4-triad-audio-and-other-snap-one-brands</ref>
==Business units==
===Products===
Resideo sells a range of products under the '''Honeywell Home''' brand through a long-term licensing agreement. Products include security cameras, heating and cooling controls (thermostats), water leak and freeze detectors.<ref name="SecSales519">{{cite news |title=Resideo Reports Upbeat Q1 Performance on Strong Sales Volumes |first=Rodney |last=Bosch |date=May 13, 2019 |work=Security Sales & Integration |url=https://www.securitysales.com/automation/smart-home/resideo-upbeat-q1-performance/ }}</ref><ref name="MotleyFoolJul19" />
===Distribution===
Resideo owns [[ADI Global Distribution]], a wholesale distributor of security products. Along with the Homes unit, ADI Global was spun off from Honeywell as part of the restructuring that became Resideo.<ref name="SecSales519" /><ref name="SecSales119">{{cite news |title=Resideo Previews New Honeywell Home Ecosystem at CES 2019 |first=Jason |last=Knott |date=January 11, 2019 |work=Yahoo Finance |url=https://www.securitysales.com/automation/resideo-honeywell-home-ces/}}</ref>
==References==
{{Reflist}}
==External links==
{{Finance links
| name = Resideo Technologies, Inc.
| symbol = REZI
| reuters = REZI.N
| bloomberg = REZI:US
| sec_cik = 1740332
| yahoo = REZI
| google = REZI
}}

{{Authority control}}