Resideo Technologies Reports Q3 2026 Revenue Growth Amid Strategic Spin-off Transition
Resideo Technologies (REZI) reported third-quarter revenue of $727 million, representing a 3% year-over-year increase despite macroeconomic headwinds in the housing market. The company's core channel revenue grew by 6%, bolstered by strong performance in retail and electrical distribution channels. Gross margins reached 40.4%, marking the 14th consecutive quarter of expansion. The company is successfully transitioning into a standalone building technologies firm following its recent spin-off. Management highlighted significant progress in debt reduction, utilizing $900 million from an ADI dividend to repay $1.1 billion in total debt. While facing inflationary cost headwinds and soft security distribution due to existing home sales trends, Resideo maintains positive momentum through high-growth products like Elite Pro Thermostats.
Topics: debt repayment EBITDA gross margin expansion revenue growth segment performance