Resideo TechnologiesNYSE: REZI

Expands Presence in Smart Living Products and Distribution Enhances Resideo's growth and margin profile and accretive to non-GAAP Adjusted EPS in first full year of ownership Welcomes Nate Sleeper and John Stroup of Clayton, Dubilier & Rice LLC to Board of Directors SCOTTSDALE, Ariz, June 14, 2024 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI), a leading global manufacturer and distributor of technology-driven products and solutions that provide home comfort, security, life safety and energy efficiency to consumers, today announced that it has completed the acquisition of Snap One (Nasdaq: SNPO), a leading provider of smart-living products, services, and software to professional integrators. Resideo will integrate Snap One into its ADI Global Distribution segment.

CHARLOTTE, N.C., June 14, 2024 (GLOBE NEWSWIRE) -- Snap One Holdings Corp. (the “Company” or “Snap One”) (Nasdaq: SNPO) is pleased to announce that its acquisition by Resideo Technologies, Inc., a Delaware corporation (“Resideo”), was completed today. The acquisition was effectuated by the merger (the “Merger”) of a wholly-owned subsidiary of Resideo with and into the Company, with the Company surviving the Merger and becoming a wholly-owned subsidiary of Resideo.

CHARLOTTE, N.C., June 07, 2024 (GLOBE NEWSWIRE) -- Snap One Holdings Corp. (the “Company” or “Snap One”) (Nasdaq: SNPO) intends to suspend trading of its common stock, par value $0.01 per share (the “Common Stock”), from The Nasdaq Stock Market (“Nasdaq”) in connection with the closing of the acquisition of the Company by Resideo Technologies, Inc., a Delaware corporation (“Resideo”), which will be effected by the merger (the “Merger”) of a wholly-owned subsidiary of Resideo with and into the Company, with the Company surviving the Merger and becoming a wholly-subsidiary of Resideo. The Merger is expected to close on June 14, 2024, subject to the satisfaction of customary closing conditions.

Resideo Technologies, Inc. (NYSE: REZI) Q1 2024 Earnings Conference Call on May 2, 2024 at 5:00 PM ET. Present on the call are Jason Willey, Vice President-Investor Relations, Jay Geldmacher, Chief Executive Officer, and Tony Trunzo, Chief Financial Officer. Also participating are Cory Carpenter from JPMorgan and Ian Zaffino from Oppenheimer. The call is currently being recorded. Thank you for joining us.

Resideo Technologies (REZI) reported earnings of $0.47 per share for the quarter, surpassing the expected $0.33 per share according to Zacks. This is an improvement from earnings of $0.39 per share in the same quarter last year.

Resideo Technologies, Inc., a producer of home products and solutions, is a good candidate for attractively priced stocks. The company operates in the connected home trend and has the potential for additional growth. Despite some volatility in revenue and profitability, management's cost-cutting initiatives are expected to improve profitability metrics.

Resideo Technologies covers the needs of over 150 million homes globally with its security and comfort products. The company operates in multiple markets and has production facilities in various countries. Resideo reported better-than-expected earnings and has a positive outlook due to recent acquisitions, restructuring, and e-commerce growth.

Resideo beat expectations on the top and bottom lines and made strong progress growing cash generation. The company sees continued operational improvements up ahead, but only limited growth in 2024.

Resideo Technologies, Inc. (REZI) Q4 2023 Earnings Call Transcript