Resideo

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Snap One Holdings Corp. (Nasdaq – SNPO), Encore Wire Corporation (Nasdaq – WIRE), Progressive Care Inc. (OTCQB - RXMD), HireRight Holdings Corporation (NYSE – HRT)

Retrieved on: 
Monday, April 22, 2024
BIT, HireRight, Sponsor, Resideo, General Atlantic, Common stock, Brodsky, Security (finance)

If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.

Key Points: 
  • If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.
  • Under the terms of the agreement, Snap One will be acquired by Resideo Technologies, Inc. (“Resideo”) (NYSE - REZI).
  • Resideo will acquire Snap One for $10.75 per share in cash, for a transaction value of approximately $1.4 billion, inclusive of net debt.
  • Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits.

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Snap One Holdings Corp. (Nasdaq – SNPO), Encore Wire Corporation (Nasdaq – WIRE), Progressive Care Inc. (OTCQB - RXMD), HireRight Holdings Corporation (NYSE – HRT)

Retrieved on: 
Monday, April 15, 2024
BIT, HireRight, Sponsor, Resideo, General Atlantic, Common stock, Brodsky, Security (finance)

If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.

Key Points: 
  • If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.
  • Under the terms of the agreement, Snap One will be acquired by Resideo Technologies, Inc. (“Resideo”) (NYSE - REZI).
  • Resideo will acquire Snap One for $10.75 per share in cash, for a transaction value of approximately $1.4 billion, inclusive of net debt.
  • Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits.

Thirty-three Percent of Households with Insurance Would Switch Providers to Acquire Smart Home Devices

Retrieved on: 
Thursday, March 7, 2024
Trident, SmartThings, Internet, Nationwide, Internet of things, Growth, Resideo, Conference, Z-Wave, Insurance Information Institute, Insurance, Alarm.com, Home automation, Cardinal Peak, Kwikset, Interview, Cardiff Bay Opera House, Water, Partnership

DALLAS, March 7, 2024 /PRNewswire/ -- Parks Associates' research study, Insurance Opportunities in the Smart Home, finds that one-third of US internet households with homeowner's/renter's insurance would switch providers to acquire smart home devices. The study of 8,000 US internet households investigates consumer preferences for IoT devices that can impact insurance premiums or claims and evaluates the opportunity for IoT growth through the insurance channel.

Key Points: 
  • DALLAS, March 7, 2024 /PRNewswire/ -- Parks Associates' research study, Insurance Opportunities in the Smart Home , finds that one-third of US internet households with homeowner's/renter's insurance would switch providers to acquire smart home devices.
  • The study of 8,000 US internet households investigates consumer preferences for IoT devices that can impact insurance premiums or claims and evaluates the opportunity for IoT growth through the insurance channel.
  • Smart home devices can detect and prevent costly damages, particularly rated to water and faulty wiring.
  • Smart home devices can lure customers from their existing insurance providers and attract customers who are new to the home insurance category."

Ford and Resideo Launch 'EV-Home Power Partnership' Project Driving Vehicle-to-Home Energy Management Benefits for Customers

Retrieved on: 
Thursday, December 7, 2023
Ford F-150 Lightning, Safety, NYSE, Ford, Electricity, Ford Motor Company, EVP, Heat, EV, Lightning, Electric battery, Renewable energy, Resideo

The F-150 Lightning already has the capability to power the home in the event of an outage through available Intelligent Backup Power.

Key Points: 
  • The F-150 Lightning already has the capability to power the home in the event of an outage through available Intelligent Backup Power.
  • "Driving electric is unlocking an entirely new world of personal energy management that could not only save our customers time and money, but also help support a more sustainable energy grid," said Bill Crider, head of global charging and energy services, Ford Motor Company.
  • "Successful vehicle-to-home energy management solutions would give Ford EV drivers as well as utilities and power companies the confidence to accelerate future vehicle-to-grid services never-before thought possible with traditional vehicles."
  • Project work has begun and is expected to be completed in the first half of 2024.

LOWE'S ANNOUNCES 2023 VENDOR PARTNERS OF THE YEAR

Retrieved on: 
Wednesday, November 15, 2023
CNG, DIY, Lowe's, Resideo, Hangzhou GreatStar Industrial, Marketing, GE Appliances, RWC, Supply, Partnership, Communication, Pro, Trex Company, Inc., Lumber, Online shopping, Auction, Trex

MOORESVILLE, N.C., Nov. 15, 2023 /PRNewswire/ -- Lowe's Companies, Inc. announced today it has named Hixson Lumber, GE Appliances and PrimeSource as the company's 2023 Vendor Partners of the Year. The suppliers were recognized for their commitment to delivering quality products, innovation, value and service to Lowe's customers.

Key Points: 
  • "This year, we honored our vendor partners who have gone above and beyond for our customers and for Lowe's," said Bill Boltz, Lowe's executive vice president of merchandising.
  • "These vendor partners have put our customers' needs first, consistently bringing innovation and value to market, delivering on their commitments and contributing to our success.
  • Our priority is to help our partners grow their business with Lowe's and we deeply appreciate the partnership cultivated with each vendor over the years."
  • Lowe's named overall vendor and innovation partners of the year and divisional category winners for each of its three merchandising divisions: building products, hardlines and home décor.

Habitat for Humanity's corporate partners support affordable housing this holiday season

Retrieved on: 
Thursday, November 9, 2023
BHN, Sale, Good, Black Hawk, Target Corporation, Nissan USA, Habitat for Humanity, Resideo, Housing, Tax, Lazy Dog Restaurant & Bar, Home, House, Holiday, Hope, Lazy Dog, Humanity, Playset, Williams-Sonoma, Inc., Rejuvenation, Lighting, Dell, Blackhawk Network Holdings, Storm8, Donation, Mattel, Wayfair, Blake Shelton, Collection, Ransom v. FIA Card Services, N.A., Hunting, Mail order, Medical device, Target, Habitat, Nissan

ATLANTA, Nov. 9, 2023 /PRNewswire/ -- Throughout the holiday season, several corporate partners are working alongside Habitat for Humanity to support the organization's vision of a world where everyone has a decent place to live.

Key Points: 
  • ATLANTA, Nov. 9, 2023 /PRNewswire/ -- Throughout the holiday season, several corporate partners are working alongside Habitat for Humanity to support the organization's vision of a world where everyone has a decent place to live.
  • "At Habitat, we understand the impact of having a safe place to call home, especially during the holiday season," said Tolli Love, chief development officer at Habitat for Humanity International.
  • This holiday season, retailers across the US will have gift cards displaying the Habitat for Humanity International logo.
  • This holiday season, Nissan is proud to partner with Habitat for Humanity to bring people together to build homes, communities and hope.

Resideo Announces Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, November 1, 2023
Sale, NYSE, Nationwide, Product-form solution, Corporation, Share repurchase, ADI, Research, USAA, Growth, EPS, HVAC, Safety, CO, Video game, Pharmaceutical industry, Resideo

SCOTTSDALE, Ariz., Nov. 1, 2023 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI), a leading global manufacturer and developer of technology-driven products that provide critical home comfort, energy management, and safety and security solutions and a leading wholesale distributor of low-voltage security, life safety, audio visual, data com, and other product categories, today announced financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Consolidated net revenue was $1.55 billion in third quarter 2023 compared with the prior year third quarter revenue of $1.62 billion.
  • Net cash provided by operating activities of $60 million in third quarter 2023 compared to $37 million in the third quarter 2022.
  • As part of the $150 million share repurchase program authorized in early August 2023, Resideo repurchased 1.8 million shares during the third quarter 2023 at a total cost of $30 million.
  • The following table summarizes the Company's current fourth quarter 2023 and updated full year 2023 outlook.

Getting smarter: Nationwide and Resideo join forces to fortify and help protect homes

Retrieved on: 
Tuesday, October 24, 2023
Insurance, Resideo, Anxiety, Water, NYSE, Ecosystem, Water damage, Property insurance, Nationwide

COLUMBUS, Ohio, Oct. 24, 2023 /PRNewswire/ -- Homeowners across the country are increasingly adopting smart home devices with hopes of protecting their homes and adding convenience. At the same time, preventable homeowners' insurance claims, such as water damage from leaky pipes, are becoming more frequent and costly1. To address this issue, Nationwide, one of the country's largest home insurers, and Resideo Technologies (NYSE: REZI), the global provider of Honeywell Home smart thermostats and First Alert® solutions that provide home comfort, life safety and security to over 150 million homes, are partnering to reshape the future of protection for homeowners.

Key Points: 
  • COLUMBUS, Ohio, Oct. 24, 2023 /PRNewswire/ -- Homeowners across the country are increasingly adopting smart home devices with hopes of protecting their homes and adding convenience.
  • At the same time, preventable homeowners' insurance claims, such as water damage from leaky pipes, are becoming more frequent and costly1.
  • According to Nationwide's 2023 Agency Forward survey , homeowners' leading reason for purchasing smart home products is to reduce anxiety (44%).
  • "We are committed to protecting what matters most and creating new forms of value for our customers.

Resideo Completes Sale of Genesis Cable Business

Retrieved on: 
Monday, October 16, 2023
ADI Global Distribution, Sale, Share repurchase, Partnership, NYSE, Genesis, Cryptocurrency, Drug, Resideo

SCOTTSDALE, Ariz., Oct. 16, 2023 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI) announced today that it has completed its previously announced sale of its Genesis Cable business to Southwire Company, LLC for $87.5 million in cash, subject to customary purchase price adjustments.

Key Points: 
  • SCOTTSDALE, Ariz., Oct. 16, 2023 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI) announced today that it has completed its previously announced sale of its Genesis Cable business to Southwire Company, LLC for $87.5 million in cash, subject to customary purchase price adjustments.
  • The after-tax proceeds will be used to support Resideo's capital allocation strategy which includes ongoing organic and inorganic investments and the recently announced share repurchase program.
  • "The closing of the Genesis sale represents our commitment to optimizing our product portfolio and our continued focus on value creation opportunities across our Products and Solutions business," commented Jay Geldmacher, Resideo's President and CEO.
  • "Genesis remains a strong partner to our ADI Global Distribution business and we look forward to our continued partnership as they join an industry leader in Southwire."

Resideo to Release Third Quarter 2023 Financial Results on November 1, 2023

Retrieved on: 
Thursday, October 12, 2023
ID, NYSE, Webcast, Video game, Resideo

SCOTTSDALE, Ariz., Oct. 12, 2023 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI), a leading global provider of home comfort, life safety and security solutions, and distributor of commercial and residential security and audio-visual products, will release third quarter 2023 financial results after the close of the New York Stock Exchange on Wednesday, November 1, 2023.

Key Points: 
  • SCOTTSDALE, Ariz., Oct. 12, 2023 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI), a leading global provider of home comfort, life safety and security solutions, and distributor of commercial and residential security and audio-visual products, will release third quarter 2023 financial results after the close of the New York Stock Exchange on Wednesday, November 1, 2023.
  • A conference call and simultaneous webcast to discuss the results will be held on Wednesday, November 1 at 5:00 p.m.
  • A replay of the webcast will be available following the presentation.
  • The conference call can also be accessed by dialing 888-660-6357 (U.S., toll-free) or 1-929-201-6127 (international), with the conference title "Resideo Third Quarter 2023 Earnings" or the conference ID: 7301399.