Added to YB: 2026-08-24
Pitch date: 2026-08-13
REZI [bullish]
Resideo Technologies, Inc.
Author Info
No bio for this author
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
$3.3B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.52
P/E
8.65
EV/Sales
0.93
Sector
Building Products
Category
turnaround
We are initiating a position in $REZI
REZI (new position): Buying post-spin earnings sell-off after overly bullish positioning. Q3 = trough in price/cost; margins recover Q4 into 2027 via pricing catch-up, higher-margin smoke/CO NPI, mfg productivity. H2 obscured by $40-50M low-margin OEM loss (already in targets). $615M EBITDA 2026 → $660-680M 2027 needs only modest growth + 50-100bps margin (still below 23-25% target). No housing recovery required.
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