Resideo Technologies, Inc. · NYSE:REZI
Resideo Technologies — Q4 2025 Earnings Presentation
27 slides from Resideo Technologies's earnings presentation, Feb 24, 2026
Slide 1: Q4'25 and FY25 Earnings Presentation
Q4’25 and FY25 Earnings Presentation February 24, 2026
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This presentation and the related conference call contain “forward-looking statements.” All statements, other than statements of fact, that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will o
Slide 3: Agenda
Resideo at a Glance Key Financial Data Agenda Strategic Rationale for Separation Investment Thesis 3
Slide 4: Resideo at a Glance
Resideo at a Glance
Slide 5: Our two businesses are indispensable partners
A leading building products manufacturer focused on residential controls and sensing solutions Our two businesses are indispensable partners to $2.69B $656M professionals who help Products & Solutions (P&S) FY25 Net Revenue FY25 Segment homeowners and businesses stay Adjusted EBITDA connected and in
Slide 6: P&S: A Leading Manufacturer of Building Products
P&S: A Leading Manufacturer of Building Products Focused on Residential Controls and Sensing Solutions Investment Highlights Financial Highlights A leading player in a $40B+ serviceable addressable segment positioned to grow across attractive product categories – that are critical to maximizing co
Slide 7: ADI: Leading Global Wholesale Distributor
ADI: Leading Global Wholesale Distributor of Low-Voltage Products, Including Security and Audio-Visual Solutions Investment Highlights Financial Highlights Leading Security and Residential AV distributor in a $30B+ serviceable addressable segment ~9% $4.78B Robust platform for proprietary and th
Slide 8: Awards and Accolades
Awards and Accolades Forbes MOST TRUSTED . COMPANIES Wirecutter oT COMPANIES Brand Leader Security / Fire Systems 2024 cag ttn sd ‘AirCondtotng Products SI eo te. 8/8 ANNUAL \& H sg reddot winner 2024 THE NATIONALS F_2025_\ BEST OF DESIGN V SS| SECURITY pesto | AWARD % SUSTAINABLE NS v SOLUTIONS — N
Slide 9: Key Financial Data
Key Financial Data
Slide 10: Resideo – FY25 Financial Summary
Resideo – FY25 Financial Summary ($ in millions, except per share) FY25 FY24 YoY Change Net Revenue $7,472 $6,761 +11% P&S Revenue $2,688 $2,564 +5% ADI Revenue $4,784 $4,197 +14% Gross Margin 29.4% 28.1% +130 bps P&S Gross Margin 42.1% 41.0% +110 bps ADI Gross Margin 22.3% 20.3% +200 bps Income fro
Slide 11: Resideo – Q4'25 Financial Summary
Resideo – Q4’25 Financial Summary ($ in millions, except per share) Q4’25 Q4’24 YoY Change Net Revenue $1,895 $1,858 +2% P&S Revenue $712 $669 +6% ADI Revenue $1,183 $1,189 -1% Gross Margin 29.6% 28.5% +110 bps P&S Gross Margin 41.0% 40.8% +20 bps ADI Gross Margin 22.7% 21.6% +110 bps Income from Op
Slide 12: Resideo - Key Q4'25 Financial Trends
Resideo - Key Q4’25 Financial Trends Net Revenue Adjusted EPS +2% Y/Y -15% Y/Y $ in M’s $0.90 $2,000 $1,900 $0.80 $1,800 $0.70 $1,700 $0.60 $1,600 $0.50 $1,500 $0.40 $1,400 $0.30 $1,300 $0.20 $1,200 $1,100 $0.10 $1,000 $0.00 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 NOTE: See the Q
Slide 13: Resideo - Key Q4'25 Financial Trends
Resideo - Key Q4’25 Financial Trends Adjusted EBITDA Adjusted Cash Provided by Operations +21% Y/Y $ in M’s Change of $96M Y/Y $ in M’s 325 240 275 200 225 160 175 120 125 75 80 25 40 -25 0 -75 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 NOTE: Reported cash used by operations in Q3’2
Slide 14: Products & Solutions – Key Q4'25 Financial Trends
Products & Solutions – Key Q4’25 Financial Trends P&S Revenue P&S Gross Margin Rate P&S Adjusted EBITDA +6% Y/Y +20 bps Y/Y +6% Y/Y $ in M’s $ in M’s $180 $700 45% 40% $150 $600 35% $500 $120 30% $400 25% $90 $300 20% 15% $60 $200 10% $30 $100 5% $- 0% $- Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q4'24 Q1'25 Q2
Slide 15: ADI Global Distribution – Key Q4'25 Financial Trends
ADI Global Distribution – Key Q4’25 Financial Trends ADI Revenue ADI Gross Margin Rate ADI Adjusted EBITDA -1% Y/Y +110 bps Y/Y -3% Y/Y $ in M’s $ in M’s $120 $1,400 24% $1,200 $100 20% $1,000 $80 16% $800 $60 12% $600 $40 8% $400 4% $20 $200 $- 0% $- Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q4'24 Q1'25 Q2'25
Slide 16: Condensed Summary Balance Sheet
Condensed Summary Balance Sheet $ in millions December 31, 2025 December 31, 2024 Cash and cash equivalents $661 $692 Accounts receivable, net $1,073 $1,023 Inventories, net $1,354 $1,237 Gross debt $3,231 $2,015 Obligations payable under the Indemnification $0 $723 Agreement(1) NOTE (1): The obliga
Slide 17: Durable Annual Free Cash Flow Generation
Durable Annual Free Cash Flow Generation $ in millions December 31, 2025 Free Cash Flow $M Cash and cash equivalents $661 $400 $300 Gross debt $3,231 December 31, 2025 $200 Adjusted cash provided by $453 operations $100 Capital expenditures $116 $0 2023 2024 2025 NOTES: Free cash flow is a non-GAAP
Slide 18: 2026 Outlook and Key Modeling Assumptions
2026 Outlook and Key Modeling Assumptions $ in Millions, except per share 2026 Outlook Key 2026 Modeling Assumptions Total net revenue $7,800 - $7,900 Stock-based compensation $55 - $60 Adjusted EBITDA $935 - $985 Depreciation & amortization $213 - $218 Adjusted EPS $3.00 - $3.20 Capital expenditure
Slide 19: Strategic Rationale for Separation
Strategic Rationale for Separation
Slide 20: Creating Two Leading, Focused Companies
Creating Two Leading, Focused Companies Security & Home Low Voltage Solutions Access Products Video Safety Control Surveillance Energy Data Security Fire Communications Water Air Residential Networking and Pro AV Wire Intrusion & Cable A Leading Manufacturer of Building Leading Global Wholesale Dist
Slide 21: Resideo is Taking Significant Actions to Drive Value Creation
Resideo is Taking Significant Actions to Drive Value Creation Eliminated All Monetary Separating Into Two Obligations Under the Independent Companies Indemnification Agreement Terminated the Honeywell Indemnification and Creating two focused public companies with clear Reimbursement Agreement (“
Slide 22: Simplifying the Story by Removing a Structural Impediment
Simplifying the Story by Removing a Structural Impediment Agreement Background Stakeholder Benefits Details Entered into the Indemnification Regularly scheduled $35 million Eliminates ongoing payments Agreement in connection with the payment was made in July 2025. under the Indemnification spi
Slide 23: Rob Aarnes and Tom Surran to be CEOs of their respective companies
Rob Aarnes and Tom Surran to be CEOs of their respective companies upon completion of the separation Tom Surran Rob Aarnes President, P&S President, ADI Global Distribution (P&S refers to RemainCo Resideo post anticipated separation) Joined Resideo in 2023 as President of the P&S business segment.
Slide 24: Compelling Strategic Rationale to Separate
Compelling Strategic Rationale to Separate Operational focus and dedicated management Sharper Focus teams to win in their respective marketplaces Increased operating and financial flexibility Enhanced Flexibility to pursue growth opportunities Tailored Capital Positioned to capitalize on distinct in
Slide 25: Investment Thesis
Investment Thesis
Slide 26: REZI – Invest Now for the Long Term
REZI – Invest Now for the Long Term Strategic Identity Differentiation & Relationships Separation creates two scaled, strong Trusted partner to professionals and and focused pure-play businesses deep channel relationships Consistent and proven execution Leading market positions with well- de
Slide 27: www.resideo.com
www.resideo.com 27