Added to YB: 2026-07-03
Pitch date: 2026-07-01
REZI [neutral]
Resideo Technologies, Inc.
-1.51%
current return
Author Info
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Company Info
Resideo Technologies, Inc. develops, manufactures, sells, and distributes comfort, energy management, and safety and security solutions in the United States, Europe, and internationally.
Market Cap
$4.7B
Pitch Price
$31.13
Price Target
N/A
Dividend
N/A
EV/EBITDA
8.59
P/E
-8.74
EV/Sales
1.09
Sector
Building Products
Category
special_situation
$REZI: spinning off a low-margin distributor, on a balance sheet that just levered up
REZI (overview): Spinning off ADI Global (~$4.8B rev distributor, 6.6% EBITDA margin, $261M net loss) tax-free as ADIG; RemainCo keeps higher-margin smart-home but carries debt from $1.59B Honeywell buyout. ~$30/sh, $7.5B EV, $2.8B net debt, neg Q1 OCF (-$145M). Spin H2'26. Forced-seller dynamic to watch; risk: thin distributor earns thin multiple.
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