M&A - RESIDEO TECHNOLOGIES, INC.

Form Type: 10-Q

Filing Date: 2025-05-06

Corporate Action: Acquisition

Type: Update

Accession Number: 000174033225000019

Filing Summary: Resideo Technologies, Inc. reported financial results for the quarter ending March 29, 2025, showcasing a net revenue of $1.77 billion, representing a noteworthy increase from $1.49 billion in the same quarter of the previous year. The company’s net income for the quarter was $6 million with a net loss attributable to common stockholders of $(3) million after accounting for preferred stock dividends. Significant operational expenses have been incurred, including research and development expenses totaling $35 million and selling, general, and administrative expenses of $306 million. The company also incurred restructuring expenses amounting to $4 million. A key event during this quarter was the prior acquisition of Snap One Holdings Corp. in June 2024 for $1.4 billion, leading to adjustments in assets and liabilities related to the change in goodwill, which saw a decline of $9 million during the reporting period. The company’s total liabilities as of March 29, 2025, stood at $4.73 billion, while total stockholders’ equity reached approximately $3.35 billion. This quarterly report reflects ongoing efforts to streamline operations and adapt following the acquisition.

Form Type: DEF 14A

Filing Date: 2025-04-23

Corporate Action: Acquisition

Type: New

Accession Number: 000114036125015189

Filing Summary: Resideo Technologies, Inc. is convening its 2025 Annual Meeting of Shareholders on June 4, 2025. The proxy statement outlines the agenda and rules for participation. Noteworthy achievements in 2024 include a net revenue increase of 8% to $6.8 billion, driven by growth in both ADI and Products and Solutions segments. The gross margin improved by 90 basis points, reflecting improved efficiencies. The company reported record cash flow from operations at $444 million. Additionally, Resideo successfully acquired Snap One in June 2024, a strategic move aimed at enhancing growth in smart living sectors, and is partnering with Clayton, Dubilier & Rice for this venture. The upcoming meeting will involve key proposals including the election of directors, advisory votes on executive compensation, and the ratification of the independent auditor. Shareholder engagement remains a top priority, with multiple avenues for shareholder participation and feedback.