Resideo Technologies, Inc. · NYSE:REZI
Resideo Technologies — Q1 2026 Earnings Presentation
23 slides from Resideo Technologies's earnings presentation, May 12, 2026
Slide 1: Q1'26 Earnings Presentation
Q1’26 Earnings Presentation May 12, 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 Agenda Key Financial Data 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 to professionals
A leading building products manufacturer focused on residential controls and sensing solutions Our two businesses are indispensable partners to $2.75B $675M professionals who help Products & Solutions (P&S) TTM Net Revenue TTM Segment homeowners and businesses stay Adjusted EBITDA connected and in c
Slide 6: P&S: A Leading Manufacturer of Building Products Focused on Residential Controls and Sensing Solutions
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 of Low-Voltage Products
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 8% $1.2B Robust platform for proprietary and thir
Slide 8: Awards and Accolades
Awards and Accolades ESIGN Forbes Forbes te) ERGY STAR MOST TRUSTED ‘BesT N iH EFFICIENCY /ARD BEST Avia Es COMPANIES O HAUTE EFFICACITE NATIONALS. gZ Fenster ‘Pile VENDOR PARTNER ¥ st WY LOWE'S | OF THE YEAR Reser Race reddot winner 2026 Shy" le = Wirecutter 2026 Se 8 | residea
Slide 9: Key Financial Data
Key Financial Data
Slide 10: Resideo – Q1'26 Financial Summary
Resideo – Q1’26 Financial Summary ($ in millions, except per share) Q1’26 Q1’25 YoY Change Net Revenue $1,912 $1,770 +8% P&S Revenue $706 $649 +9% ADI Revenue $1,206 $1,121 +8% Gross Margin 28.8% 28.9% -10 bps P&S Gross Margin 41.8% 41.4% +40 bps ADI Gross Margin 21.2% 21.6% -40 bps Income from Oper
Slide 11: Resideo - Key Q1'26 Financial Trends
Resideo - Key Q1’26 Financial Trends Net Revenue Adjusted EPS +8% Y/Y +3% 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 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 NOTE: See the Q1
Slide 12: Resideo - Key Q1'26 Financial Trends
Resideo - Key Q1’26 Financial Trends Adjusted EBITDA Adjusted Cash Provided by Operations +28% Y/Y $ in M’s Change of ($80)M Y/Y $ in M’s 300 240 250 200 200 150 160 100 120 50 80 0 -50 40 -100 0 -150 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 NOTES: See the Q1’26 Financial Data Wor
Slide 13: Products & Solutions – Key Q1'26 Financial Trends
Products & Solutions – Key Q1’26 Financial Trends P&S Revenue P&S Gross Margin Rate P&S Adjusted EBITDA +9% Y/Y +40 bps Y/Y +12% 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% $- Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q1'25 Q2'25 Q
Slide 14: ADI Global Distribution – Key Q1'26 Financial Trends
ADI Global Distribution – Key Q1’26 Financial Trends ADI Revenue ADI Gross Margin Rate ADI Adjusted EBITDA +8% Y/Y -40 bps Y/Y -8% 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% $- Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q1'25 Q2'25 Q3'25 Q
Slide 15: Condensed Summary Balance Sheet
Condensed Summary Balance Sheet $ in millions April 4, 2026 December 31, 2025 Cash and cash equivalents $438 $661 Accounts receivable, net $1,114 $1,073 Inventories, net $1,357 $1,354 Gross debt $3,226 $3,231 Obligations payable under the Indemnification $0 $0 Agreement(1) NOTE (1): The obligations
Slide 16: Free Cash Flow Generation
Free Cash Flow Generation $ in millions April 4, 2026 Free Cash Flow $M Cash and cash equivalents $438 $400 $300 Gross debt $3,226 $200 April 4, 2026 $100 Adjusted cash provided by $0 $373 2024 2025 Q1'25 Q1'26 operations (LTM) ($100) Capital expenditures (LTM) $121 ($200) NOTES: Free cash flow is a
Slide 17: 2026 Outlook and Key Modeling Assumptions
2026 Outlook and Key Modeling Assumptions $ in Millions, except per share Re-Affirmed 2026 Outlook Key 2026 Modeling Assumptions Total net revenue $7,800 - $7,900 Stock-based compensation $55 - $60 Adjusted EBITDA $935 - $985 Depreciation & amortization $210 - $215 Adjusted EPS $3.00 - $3.20 Capital
Slide 18: Strategic Rationale for Separation / Investment Thesis
Strategic Rationale for Separation / Investment Thesis
Slide 19: 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 20: 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 21: 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 22: REZI – The Case for Investing Now
REZI – The Case for Investing Now Strategic Identity Differentiation & Relationships Separation creates two scaled, strong and Trusted partner to professionals and deep focused pure-play businesses channel relationships Consistent and proven execution despite Leading market positions with we
Slide 23: www.resideo.com
www.resideo.com 23