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Resideo Technologies Shares Collapse 23.75% on Thursday; I Explain Why

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Smart home graphic from Resideo website
A Resideo smart home graphic

On Wednesday, Resideo Technologies, Inc. (NYSE: REZI), maker and distributor of tech products for homes and businesses and parent company of Products and Solutions, ADI Global Distribution, Snap One, Control4, and more, announced its financial results for the third quarter of fiscal 2025. The results looked pretty good. Then, on Thursday, its stock collapsed a stunning 23.75%. By comparison, the S&P 500 was down 1.1%.

Now, on Friday, in midday trading, Resideo is trending down again… yet another 1.5% decline. What’s going on?

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Thanks to Snap One, Resideo Shows Growth; But Not Without Some Pain

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Resideo image for FY 2024 presentation

Resideo Technologies, Inc. (NYSE: REZI) reported its financial performance in the fourth quarter and full year of Fiscal 2024, the period that ended on December 31, 2024. The company showed good growth, much of which was thanks to its June 2024 acquisition of Snap One, which contributed $553 million to its net revenues.

However, that revenue win was not pain free…

See the details of the Resideo 4Q & FY 2024 financial results…

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Even With Snap One Included, Resideo Sees Revenues & Net Income Decline

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Resideo image from presentation

Last week, Resideo Technologies, Inc. (NYSE: REZI), the new owner of Snap One, announced its financial results for the second quarter of Fiscal 2024. This is the first earnings report that follows the closing on its acquisition of Snap One, the largely residential AV integration business, and therefore the first earnings in which Snap One’s business contributed to the results. Even with Snap One included in its numbers, the surprise was that the company reported a 1% revenue decline…and a 40% drop in Net Income.

I’d call that an inauspicious start for this new partnership.

See more on the report from Resideo on Q2 fiscal 2024

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Security Company Resideo Acquires Snap One in $1.4B Transaction

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Resideo acquires Snap One

Will Merging Two Stagnant Businesses Reignite Growth?

This morning we learned that Snap One Holdings, Corp. (Nasdaq: SNPO) has been acquired by large security provider Resideo Technologies, Inc. (NYSE: REZI) and private equity company Clayton, Dubilier & Rice (CD&R) in a $1.4 billion deal. If you aren’t familiar with the Resideo name, you may know them by ADI, their distribution wing.

The deal is expected to close in the second half of 2024.

See more on Resideo / ADI / CD&R acquiring Snap One

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Select D&M Sales Rep Territories Remain Brand Specific

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>>NOTE: UPDATED MARCH 9TH – SEE BOX BELOW<<

<March 7, 2012> Last week, Stratecon’s BEACON broke the news about a major overhaul and consolidation of D&M Holdings’ sales representative and distributor network. Later that day, D&M confirmed our initial report, releasing a statement spelling out the substantive, albeit generally described, changes to their sales network. Now the ALERT has discovered that not all of D&M’s rep territories were merged – in select markets, separate sales rep forces are being maintained. [Read more…] about Select D&M Sales Rep Territories Remain Brand Specific