# EDGAR Filing Document

**Accession Number:** 0001740332
**File Stem:** 0001740332-25-000034
**Filing Date:** 2025-11
**Character Count:** 158813
**Document Hash:** e0071111a9a129c6ece6e145e6f10cfc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001740332-25-000034.hdr.sgml**: 20251105

**ACCESSION NUMBER**: 0001740332-25-000034

**CONFORMED SUBMISSION TYPE**: 10-Q

**PUBLIC DOCUMENT COUNT**: 105

**CONFORMED PERIOD OF REPORT**: 20250927

**FILED AS OF DATE**: 20251105

**DATE AS OF CHANGE**: 20251105

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RESIDEO TECHNOLOGIES, INC.
- **CENTRAL INDEX KEY:** 0001740332
- **STANDARD INDUSTRIAL CLASSIFICATION:** WHOLESALE-HARDWARE [5072]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 825318796
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-Q
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38635
- **FILM NUMBER:** 251455016

**BUSINESS ADDRESS:**
- **STREET 1:** 901 E 6TH STREET
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78702
- **BUSINESS PHONE:** 512-726-3500

**MAIL ADDRESS:**
- **STREET 1:** 901 E 6TH STREET
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78702

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HH Spinco Inc.
- **DATE OF NAME CHANGE:** 20180510

?xml version='1.0' encoding='ASCII'? rezi-20250927

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 10-Q**

**(Mark One)**

**☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**For the quarterly period ended September 27, 2025**

**or**

**☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**For the transition period from ______ to _____**

**Commission File Number 001-38635**

**Resideo Technologies, Inc.**

**(Exact name of registrant as specified in its charter)**

---

| | |
|:---|:---|
| **Delaware** | **82-5318796** |
| **(State or other jurisdiction of incorporation or organization)**<br>**16100 N. 71st Street, Suite 550**<br>**Scottsdale, Arizona** | **(I.R.S. Employer Identification No.)**<br>**85254** |
| **(Address of principal executive offices)** | **(Zip Code)** |
| **(480) 573-5340** | **(480) 573-5340** |
| **(Registrant's telephone number, including area code)** | **(Registrant's telephone number, including area code)** |

---

**Securities registered pursuant to Section 12(b) of the Act:**

---

| | | |
|:---|:---|:---|
| **Title of each class:** | **Trading Symbol:** | **Name of each exchange on which registered:** |
| **Common Stock, par value $0.001 per share** | **REZI** | **New York Stock Exchange** |

---

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

---

| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☒ | Accelerated filer | ☐ |
| Non-accelerated filer | ☐ | Smaller reporting company | ☐ |
| | | Emerging growth company | ☐ |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

The number of shares outstanding of the registrant's common stock, par value $0.001 per share, as of October 24, 2025 was 149,714,944 shares.

------

---

| | | |
|:---|:---|:---|
| <u>[Part I - Financial Information](#id10b0b3c0a3d41b7b3686add4d712a43_7)</u> | <u>[Part I - Financial Information](#id10b0b3c0a3d41b7b3686add4d712a43_7)</u> | <u>[Part I - Financial Information](#id10b0b3c0a3d41b7b3686add4d712a43_7)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[Item 1.](#id10b0b3c0a3d41b7b3686add4d712a43_10)</u> | <u>[Unaudited Consolidated Financial Statements.](#id10b0b3c0a3d41b7b3686add4d712a43_10)</u> | [3](#id10b0b3c0a3d41b7b3686add4d712a43_10) |
|  | <u>[Unaudited Consolidated Balance Sheets as of](#id10b0b3c0a3d41b7b3686add4d712a43_13)[September](#id10b0b3c0a3d41b7b3686add4d712a43_13)[2](#id10b0b3c0a3d41b7b3686add4d712a43_13)[7](#id10b0b3c0a3d41b7b3686add4d712a43_13)[, 2025 and December 31, 2024.](#id10b0b3c0a3d41b7b3686add4d712a43_13)</u> | [3](#id10b0b3c0a3d41b7b3686add4d712a43_13) |
|  | <u>[Unaudited Consolidated Statements of Operations for the Three and](#id10b0b3c0a3d41b7b3686add4d712a43_16)[Nine](#id10b0b3c0a3d41b7b3686add4d712a43_16)[Months Ended](#id10b0b3c0a3d41b7b3686add4d712a43_16)[September](#id10b0b3c0a3d41b7b3686add4d712a43_16)[2](#id10b0b3c0a3d41b7b3686add4d712a43_16)[7](#id10b0b3c0a3d41b7b3686add4d712a43_16)[, 2025 and](#id10b0b3c0a3d41b7b3686add4d712a43_16)[September](#id10b0b3c0a3d41b7b3686add4d712a43_16)[2](#id10b0b3c0a3d41b7b3686add4d712a43_16)[8](#id10b0b3c0a3d41b7b3686add4d712a43_16)[, 2024.](#id10b0b3c0a3d41b7b3686add4d712a43_16)</u> | [4](#id10b0b3c0a3d41b7b3686add4d712a43_16) |
|  | <u>[Unaudited Consolidated Statements of Comprehensive](#id10b0b3c0a3d41b7b3686add4d712a43_19)[Income](#id10b0b3c0a3d41b7b3686add4d712a43_19)[(Loss)](#id10b0b3c0a3d41b7b3686add4d712a43_19)[for the Three and](#id10b0b3c0a3d41b7b3686add4d712a43_19)[Nine](#id10b0b3c0a3d41b7b3686add4d712a43_19)[Months Ended](#id10b0b3c0a3d41b7b3686add4d712a43_19)[Se](#id10b0b3c0a3d41b7b3686add4d712a43_19)[ptember](#id10b0b3c0a3d41b7b3686add4d712a43_19)[2](#id10b0b3c0a3d41b7b3686add4d712a43_19)[7](#id10b0b3c0a3d41b7b3686add4d712a43_19)[, 2025 and](#id10b0b3c0a3d41b7b3686add4d712a43_19)[September](#id10b0b3c0a3d41b7b3686add4d712a43_19)[2](#id10b0b3c0a3d41b7b3686add4d712a43_19)[8](#id10b0b3c0a3d41b7b3686add4d712a43_19)[, 2024.](#id10b0b3c0a3d41b7b3686add4d712a43_19)</u> | [5](#id10b0b3c0a3d41b7b3686add4d712a43_19) |
|  | <u>[Unaudited Consolidated Statements of Cash Flows for the](#id10b0b3c0a3d41b7b3686add4d712a43_22)[Nine](#id10b0b3c0a3d41b7b3686add4d712a43_22)[Months Ended](#id10b0b3c0a3d41b7b3686add4d712a43_22)[Se](#id10b0b3c0a3d41b7b3686add4d712a43_22)[ptember](#id10b0b3c0a3d41b7b3686add4d712a43_22)[2](#id10b0b3c0a3d41b7b3686add4d712a43_22)[7](#id10b0b3c0a3d41b7b3686add4d712a43_22)[, 2025 and](#id10b0b3c0a3d41b7b3686add4d712a43_22)[Se](#id10b0b3c0a3d41b7b3686add4d712a43_22)[ptember](#id10b0b3c0a3d41b7b3686add4d712a43_22)[2](#id10b0b3c0a3d41b7b3686add4d712a43_22)[8](#id10b0b3c0a3d41b7b3686add4d712a43_22)[, 2024.](#id10b0b3c0a3d41b7b3686add4d712a43_22)</u> | [6](#id10b0b3c0a3d41b7b3686add4d712a43_22) |
|  | <u>[Unaudited Consolidated Statements of Stockholders' Equity for the Three and](#id10b0b3c0a3d41b7b3686add4d712a43_25)[Nine](#id10b0b3c0a3d41b7b3686add4d712a43_25)[Months Ended](#id10b0b3c0a3d41b7b3686add4d712a43_25)[September](#id10b0b3c0a3d41b7b3686add4d712a43_25)[2](#id10b0b3c0a3d41b7b3686add4d712a43_25)[7](#id10b0b3c0a3d41b7b3686add4d712a43_25)[, 2025 and](#id10b0b3c0a3d41b7b3686add4d712a43_25)[September](#id10b0b3c0a3d41b7b3686add4d712a43_25)[2](#id10b0b3c0a3d41b7b3686add4d712a43_25)[8](#id10b0b3c0a3d41b7b3686add4d712a43_25)[, 2024.](#id10b0b3c0a3d41b7b3686add4d712a43_25)</u> | [7](#id10b0b3c0a3d41b7b3686add4d712a43_25) |
|  | <u>[Notes to Unaudited Consolidated Financial Statements.](#id10b0b3c0a3d41b7b3686add4d712a43_28)</u> | [9](#id10b0b3c0a3d41b7b3686add4d712a43_28) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[Item 2.](#id10b0b3c0a3d41b7b3686add4d712a43_88)</u> | <u>[Management's Discussion and Analysis of Financial Condition and Results of Operations.](#id10b0b3c0a3d41b7b3686add4d712a43_88)</u> | [24](#id10b0b3c0a3d41b7b3686add4d712a43_88) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[Item 3.](#id10b0b3c0a3d41b7b3686add4d712a43_112)</u> | <u>[Quantitative and Qualitative Disclosures About Market Risk.](#id10b0b3c0a3d41b7b3686add4d712a43_112)</u> | [37](#id10b0b3c0a3d41b7b3686add4d712a43_112) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[Item 4.](#id10b0b3c0a3d41b7b3686add4d712a43_115)</u> | <u>[Controls and Procedures.](#id10b0b3c0a3d41b7b3686add4d712a43_115)</u> | [38](#id10b0b3c0a3d41b7b3686add4d712a43_115) |
| <u>[Part II - Other Information](#id10b0b3c0a3d41b7b3686add4d712a43_118)</u> | <u>[Part II - Other Information](#id10b0b3c0a3d41b7b3686add4d712a43_118)</u> | <u>[Part II - Other Information](#id10b0b3c0a3d41b7b3686add4d712a43_118)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[Item 1.](#id10b0b3c0a3d41b7b3686add4d712a43_121)</u> | <u>[Legal Proceedings.](#id10b0b3c0a3d41b7b3686add4d712a43_121)</u> | [40](#id10b0b3c0a3d41b7b3686add4d712a43_121) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[Item 1A.](#id10b0b3c0a3d41b7b3686add4d712a43_124)</u> | <u>[Risk Factors.](#id10b0b3c0a3d41b7b3686add4d712a43_124)</u> | [40](#id10b0b3c0a3d41b7b3686add4d712a43_124) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[Item 2.](#id10b0b3c0a3d41b7b3686add4d712a43_127)</u> | <u>[Unregistered Sales of Equity Securities and Use of Proceeds.](#id10b0b3c0a3d41b7b3686add4d712a43_127)</u> | [41](#id10b0b3c0a3d41b7b3686add4d712a43_127) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[Item 5.](#id10b0b3c0a3d41b7b3686add4d712a43_130)</u> | <u>[Other Information.](#id10b0b3c0a3d41b7b3686add4d712a43_130)</u> | [41](#id10b0b3c0a3d41b7b3686add4d712a43_130) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[Item 6.](#id10b0b3c0a3d41b7b3686add4d712a43_133)</u> | <u>[Exhibits.](#id10b0b3c0a3d41b7b3686add4d712a43_133)</u> | [42](#id10b0b3c0a3d41b7b3686add4d712a43_133) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[Signatures](#id10b0b3c0a3d41b7b3686add4d712a43_136)</u> |  | [43](#id10b0b3c0a3d41b7b3686add4d712a43_136) |

---

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

**Part I. Financial Information**

**Item 1. Financial Statements.**

**Resideo Technologies, Inc.**

**Consolidated Balance Sheets** 

**(Unaudited)**

---

| | | |
|:---|:---|:---|
| (in millions, except par value) | **September 27, 2025** | **December 31, 2024** |
| **ASSETS** |  |  |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $345 | $692 |
| &nbsp;&nbsp;&nbsp;Accounts receivable, net | 1147 | 1023 |
| &nbsp;&nbsp;&nbsp;Inventories, net | 1328 | 1237 |
| &nbsp;&nbsp;&nbsp;Other current assets | 252 | 220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 3072 | 3172 |
| Property, plant and equipment, net | 433 | 410 |
| Goodwill | 3122 | 3072 |
| Intangible assets, net | 1113 | 1176 |
| Other assets | 448 | 369 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $8188 | $8199 |
| **LIABILITIES AND STOCKHOLDERS' EQUITY** |  |  |
| Current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;Accounts payable | $1037 | $1073 |
| &nbsp;&nbsp;&nbsp;Accrued liabilities | 595 | 717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 1632 | 1790 |
| Long-term debt | 3169 | 1983 |
| Non-current obligations payable under the Indemnification Agreement |  | 583 |
| Other liabilities | 616 | 534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 5417 | 4890 |
| **COMMITMENTS AND CONTINGENCIES (Note 16)** |  |  |
| Stockholders' equity |  |  |
| &nbsp;&nbsp;&nbsp;Preferred stock, $0.001 par value: 100 shares authorized, 0.5 shares issued and outstanding at September 27, 2025 and December 31, 2024 | 482 | 482 |
| &nbsp;&nbsp;&nbsp;Common stock, $0.001 par value: 700 shares authorized, 157 and 150 shares issued and outstanding at September 27, 2025, respectively, and 154 and 147 shares issued and outstanding at December 31, 2024, respectively  |  |  |
| &nbsp;&nbsp;&nbsp;Additional paid-in capital | 2375 | 2315 |
| &nbsp;&nbsp;&nbsp;Retained earnings | 218 | 907 |
| &nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss, net | (168) | (284) |
| &nbsp;&nbsp;&nbsp;Treasury stock at cost | (136) | (111) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total stockholders' equity | 2771 | 3309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and stockholders' equity | $8188 | $8199 |

---

Refer to accompanying Notes to the Unaudited Consolidated Financial Statements.

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

**Resideo Technologies, Inc.**

**Consolidated Statements of Operations**

**(Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| (in millions, except per share data) | **September 27, 2025** | **September 28, 2024** | **September 27, 2025** | **September 28, 2024** |
| Net revenue | $1864 | $1828 | $5577 | $4903 |
| Cost of goods sold | 1308 | 1304 | 3941 | 3532 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gross profit | 556 | 524 | 1636 | 1371 |
| Operating expenses: |  |  |  |  |
| &nbsp;&nbsp;Research and development expenses | 44 | 23 | 120 | 69 |
| &nbsp;&nbsp;Selling, general and administrative expenses | 324 | 317 | 949 | 828 |
| &nbsp;&nbsp;Intangible asset amortization | 31 | 29 | 91 | 51 |
| &nbsp;&nbsp;Restructuring, impairment and extinguishment costs | 3 | 29 | 9 | 47 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 402 | 398 | 1169 | 995 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income from operations | 154 | 126 | 467 | 376 |
| Indemnification Agreement expense |  | 45 | 972 | 135 |
| Other expenses, net | 7 | 10 | 22 | 10 |
| Interest expense, net | 37 | 27 | 86 | 55 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income (loss) before taxes | 110 | 44 | (613) | 176 |
| Provision (benefit) for income taxes | (46) | 24 | 50 | 83 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income (loss) | 156 | 20 | (663) | 93 |
| Less: preferred stock dividends | 9 | 8 | 26 | 10 |
| Less: undistributed income allocated to preferred stockholders | 16 | 1 |  | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income (loss) available to common stockholders | $131 | $11 | $(689) | $79 |
| Earnings (loss) per common share: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | $0.88 | $0.07 | $(4.62) | $0.54 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted | $0.85 | $0.07 | $(4.62) | $0.53 |
| Weighted average common shares outstanding: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | 149 | 147 | 149 | 146 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted | 154 | 149 | 149 | 149 |

---

Refer to accompanying Notes to the Unaudited Consolidated Financial Statements.

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

**Resideo Technologies, Inc.** 

**Consolidated Statements of Comprehensive Income (Loss)**

**(Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| (in millions) | **September 27, 2025** | **September 28, 2024** | **September 27, 2025** | **September 28, 2024** |
| Comprehensive income (loss): |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income (loss) | $156 | $20 | $(663) | $93 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other comprehensive (loss) income, net of tax: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign exchange translation (loss) gain | (7) | 47 | 122 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in fair value of effective cash flow hedges |  | (12) | (6) | (17) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other comprehensive (loss) income, net of tax | (7) | 35 | 116 | (13) |
| Comprehensive income (loss) | $149 | $55 | $(547) | $80 |

---

Refer to accompanying Notes to the Unaudited Consolidated Financial Statements.

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

**Resideo Technologies, Inc.**

**Consolidated Statements of Cash Flows**

**(Unaudited)**

---

| | | |
|:---|:---|:---|
| | **Nine Months Ended** | **Nine Months Ended** |
| (in millions) | **September 27, 2025** | **September 28, 2024** |
| **Cash Flows From Operating Activities:** |  |  |
| &nbsp;&nbsp;&nbsp;Net (loss) income | $(663) | $93 |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile net (loss) income to net cash in operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization | 145 | 98 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restructuring, impairment and extinguishment costs | 9 | 47 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation expense | 43 | 44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other, net | (1) | 5 |
| &nbsp;&nbsp;&nbsp;Changes in assets and liabilities, net of acquired companies: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable, net | (101) | (79) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories, net | (67) | (13) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other current assets | (35) | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | (58) | 62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued liabilities | 3 | (65) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Obligations payable under the Indemnification Agreement | (723) | 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other, net | 12 | 4 |
| &nbsp;&nbsp;Net cash (used in) provided by operating activities | (1436) | 241 |
| **Cash Flows From Investing Activities:** |  |  |
| &nbsp;&nbsp;&nbsp;Acquisitions, net of cash acquired |  | (1334) |
| &nbsp;&nbsp;&nbsp;Capital expenditures | (79) | (58) |
| &nbsp;&nbsp;&nbsp;Other investing activities, net |  | 6 |
| &nbsp;&nbsp;Net cash used in investing activities | (79) | (1386) |
| **Cash Flows From Financing Activities:** |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from issuance of long-term debt, net | 1198 | 1176 |
| &nbsp;&nbsp;&nbsp;Proceeds from issuance of preferred stock, net of issuance costs |  | 482 |
| &nbsp;&nbsp;&nbsp;Repayments of long-term debt | (3) | (602) |
| &nbsp;&nbsp;&nbsp;Acquisition of treasury shares to cover stock award tax withholding | (23) | (14) |
| &nbsp;&nbsp;&nbsp;Preferred stock dividend payments | (26) | (3) |
| &nbsp;&nbsp;&nbsp;Other financing activities, net | 13 | 4 |
| &nbsp;&nbsp;Net cash provided by financing activities | 1159 | 1043 |
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | 9 | (3) |
| Net decrease in cash, cash equivalents and restricted cash | (347) | (105) |
| Cash, cash equivalents and restricted cash at beginning of period | 693 | 637 |
| Cash, cash equivalents and restricted cash at end of period | $346 | $532 |

---

Refer to accompanying Notes to the Unaudited Consolidated Financial Statements.

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

**Resideo Technologies, Inc.**

**Consolidated Statements of Stockholders' Equity**

**(Unaudited)**

**Fiscal Quarters**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Preferred Stock** | **Preferred Stock** | **Common Stock** | **Common Stock** | | | **Accumulated Other<br>Comprehensive Loss** | **Treasury Stock** | **Treasury Stock** | |
| (in millions, except shares in thousands) | **Shares** | **Amount** | **Shares** | **Amount** | **Additional<br> Paid-In Capital** | **Retained Earnings** | **Accumulated Other<br>Comprehensive Loss** | **Shares** | **Amount** | **Total Stockholders'<br>Equity** |
| **Balance at June 29, 2025** | 500 | $482 | 148638 | $— | $2349 | $71 | $(161) | 7180 | $(127) | $2614 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income |  |  |  |  |  | 156 |  |  |  | 156 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other comprehensive loss, net of tax |  |  |  |  |  |  | (7) |  |  | (7) |
| &nbsp;&nbsp;&nbsp;&nbsp;Common stock issuance, net of shares withheld for taxes |  |  | 998 |  | 12 |  |  | 330 | (9) | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation expense |  |  |  |  | 14 |  |  |  |  | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;Preferred stock dividend | **—** | **—** | **—** | **—** | **—** | (9) | **—** | **—** | **—** | (9) |
| **Balance at September 27, 2025** | 500 | $482 | 149636 | $— | $2375 | $218 | $(168) | 7510 | $(136) | $2771 |
| **Balance at June 30, 2024** | 500 | $482 | 146269 | $— | $2276 | $881 | $(242) | 6033 | $(103) | $3294 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income |  |  |  |  |  | 20 |  |  |  | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other comprehensive income, net of tax |  |  |  |  |  |  | 35 |  |  | 35 |
| &nbsp;&nbsp;&nbsp;&nbsp;Common stock issuance, net of shares withheld for taxes |  |  | 650 |  | 1 |  |  | 282 | (5) | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation expense |  |  |  |  | 17 |  |  |  |  | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;Preferred stock dividend |  |  |  |  |  | (8) |  |  |  | (8) |
| **Balance at September 28, 2024** | 500 | $482 | 146919 | $— | $2294 | $893 | $(207) | 6315 | $(108) | $3354 |

---

Refer to accompanying Notes to the Unaudited Consolidated Financial Statements.

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

**Fiscal Year to Date Periods**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Preferred Stock** | **Preferred Stock** | **Common Stock** | **Common Stock** | | | **Accumulated Other<br>Comprehensive Loss** | **Treasury Stock** | **Treasury Stock** | |
| (in millions, except shares in thousands) | **Shares** | **Amount** | **Shares** | **Amount** | **Additional<br>Paid-In Capital** | **Retained Earnings** | **Accumulated Other<br>Comprehensive Loss** | **Shares** | **Amount** | **Total Stockholders'<br>Equity** |
| **Balance at January 1, 2025** | 500 | $482 | 147230 | $— | $2315 | $907 | $(284) | 6436 | $(111) | $3309 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net loss |  |  |  |  |  | (663) |  |  |  | (663) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other comprehensive income, net of tax |  |  |  |  |  |  | 116 |  |  | 116 |
| &nbsp;&nbsp;&nbsp;&nbsp;Common stock issuance, net of shares withheld for taxes |  |  | 2406 |  | 14 |  |  | 1074 | (25) | (11) |
| &nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation expense |  |  |  |  | 46 |  |  |  |  | 46 |
| &nbsp;&nbsp;&nbsp;&nbsp;Preferred stock dividend |  |  |  |  |  | (26) |  |  |  | (26) |
| **Balance at September 27, 2025** | 500 | $482 | 149636 | $— | $2375 | $218 | $(168) | 7510 | $(136) | $2771 |
| **Balance at January 1, 2024** |  | $— | 145389 | $— | $2226 | $810 | $(194) | 5536 | $(93) | $2749 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income |  |  |  |  |  | 93 |  |  |  | 93 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other comprehensive loss, net of tax |  |  |  |  |  |  | (13) |  |  | (13) |
| &nbsp;&nbsp;&nbsp;&nbsp;Preferred stock issuance, net of issuance costs | 500 | 482 |  |  |  |  |  |  |  | 482 |
| &nbsp;&nbsp;&nbsp;&nbsp;Common stock issuance, net of shares withheld for taxes |  |  | 1605 |  | 5 |  |  | 704 | (14) | (9) |
| &nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation awards issued for acquisition of Snap One |  |  |  |  | 17 |  |  |  |  | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation expense |  |  |  |  | 46 |  |  |  |  | 46 |
| &nbsp;&nbsp; Preferred stock dividend |  |  |  |  |  | (10) |  |  |  | (10) |
| &nbsp;&nbsp; Common stock repurchases |  |  | (75) |  |  |  |  | 75 | (1) | (1) |
| **Balance at September 28, 2024** | 500 | $482 | 146919 | $— | $2294 | $893 | $(207) | 6315 | $(108) | $3354 |

---

Refer to accompanying Notes to the Unaudited Consolidated Financial Statements.

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

**Resideo Technologies, Inc.**

**Notes to Consolidated Financial Statements**

**(Unaudited)**

**Note 1. Nature of Operations and Basis of Presentation**

***Nature of Operations***

Resideo Technologies, Inc. ("Resideo", the "Company", "we", "us", or "our") is a global manufacturer, developer, and distributor of technology-driven sensing and controls products and solutions that help homeowners and businesses stay connected and in control of their comfort, security, energy use, and smart living. We are a leading player in key product markets including home heating, ventilation, and air conditioning controls; smoke and carbon monoxide detection home safety and fire suppression products; and security. Our global footprint serves residential and commercial end-markets. Our solutions and services can be found in over 150 million residential and commercial spaces globally, with tens of millions of new devices sold annually.

***Basis of Consolidation and Reporting***

The accompanying Unaudited Consolidated Financial Statements have been prepared in accordance with United States Generally Accepted Accounting Principles ("U.S. GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, the Unaudited Consolidated Financial Statements do not include all of the information and notes required by U.S. GAAP for complete financial statements. In the opinion of management, the Unaudited Consolidated Financial Statements included herein contain all adjustments, which consist of normal recurring adjustments, necessary to fairly present our financial position, results of operations, and cash flows for the periods indicated. For the purpose of comparability, certain prior period amounts have been reclassified to conform to current period classification.

For additional information, refer to the Consolidated Financial Statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 (the "2024 Annual Report on Form 10-K"), filed with the United States Securities and Exchange Commission (the "SEC") on February 20, 2025.

***Reporting Period***

We report financial information on a fiscal quarter basis using a modified four-four-five week calendar. Our fiscal calendar begins on January 1 and ends on December 31. We have elected the first, second, and third quarters to end on a Saturday in order to not disrupt business processes. The effects of this election are generally not significant to reported results for any quarter and only exist within a reporting year.

***Announced Future Spin-Off of ADI Global Distribution Segment***

On July 30, 2025, we announced our intention to separate the ADI Global Distribution segment through a tax-free spin-off to our shareholders (the "ADI Spin-Off"). Following the completion of the announced future ADI Spin-Off, the Products and Solutions segment would continue to operate as Resideo and ADI Global Distribution would become an independent public company. Refer to *Note 4. Segment Financial Data* for additional details regarding our segments.

**Note 2. Summary of Significant Accounting Policies**

Our significant accounting policies are detailed in *Note 2. Summary of Significant Accounting Policies* of the 2024 Annual Report on Form 10-K. There have been no significant changes to these policies that have had a material impact on the Unaudited Consolidated Financial Statements and the accompanying disclosure notes for the nine months ended September 27, 2025.

We consider the applicability and impact of all recent accounting standards updates ("ASUs") issued by the Financial Accounting Standards Board ("FASB"). ASUs not listed below were assessed and determined to be either not applicable or are expected to have an immaterial impact.

In November 2024, the FASB issued ASU 2024-03, *Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses*. This ASU requires entities to disaggregate operating expenses into specific categories, such as purchases of inventory, employee compensation, depreciation, and amortization to provide enhanced transparency into the nature and function of expenses. The guidance is

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

**Resideo Technologies, Inc.**

**Notes to Consolidated Financial Statements**

**(Unaudited)**

effective for annual reporting years beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027. We are currently assessing the impact of adoption to our Consolidated Financial Statements and related disclosures.

In December 2023, the FASB issued ASU 2023-09, *Income Taxes (Topic 740): Improvements to Income Tax Disclosures* which includes amendments that further enhance income tax disclosures, primarily through standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. ASU 2023-09 is effective for our fiscal year ending December 31, 2025. The amendments may be applied prospectively or retrospectively. Other than the new disclosure requirements, the adoption of this guidance will not impact our Consolidated Financial Statements.

**Note 3. Acquisitions**

On June 14, 2024, we acquired 100% of the issued and outstanding equity of Snap One Holdings Corp. ("Snap One"), a leading provider of smart-living products, services, and software to professional integrators, for an aggregate purchase price of $1.4 billion.

During the first quarter of 2025, measurement period adjustments were made to income tax assets and liabilities within the one-year measurement period. As a result, goodwill related to the acquisition decreased by $9 million, reflecting a net decrease in income tax liabilities. We completed accounting for the acquisition of Snap One in June 2025, and the following table presents the final fair values of assets acquired and liabilities assumed as of the date of acquisition.

---

| | |
|:---|:---|
| (in millions) |  |
| **Assets acquired:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | $47 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable | 49 |
| &nbsp;&nbsp;&nbsp;&nbsp;Inventories | 240 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other current assets | 26 |
| &nbsp;&nbsp;&nbsp;&nbsp;Property, plant and equipment | 63 |
| &nbsp;&nbsp;&nbsp;&nbsp;Goodwill <sup>(1)</sup> | 396 |
| &nbsp;&nbsp;&nbsp;&nbsp;Intangible assets | 770 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other assets | 69 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets acquired | 1660 |
| **Liabilities assumed:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | 48 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued liabilities | 69 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other liabilities <sup>(2)</sup> | 138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities assumed | 255 |
| Net assets acquired | $1405 |

---

<sup>(1)</sup> Of the $396 million of goodwill from the acquisition, $90 million is being amortized for tax purposes and is expected to be deductible over time. Goodwill is comprised of expected synergies for the combined operations and the assembled workforce acquired in the acquisition.

<sup>(2)</sup> Includes $68 million of deferred tax liabilities.

***Unaudited Pro Forma Financial Information***

On a pro forma basis, Resideo's net revenue for the three and nine months ended September 28, 2024, would have been $1,828 million and $5,364 million, respectively. Snap One's contribution to unaudited pro forma operating income is not materially different on a pro forma basis than the amounts reported for both periods. The pro forma results are presented for informational purposes only and are not necessarily indicative of what the actual results of operations of the combined company would have been if the acquisition had occurred on January 1, 2023, nor are they indicative of future results of operations.

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

**Resideo Technologies, Inc.**

**Notes to Consolidated Financial Statements**

**(Unaudited)**

**Note 4. Segment Financial Data**

We monitor our operations through two reportable segments: Products and Solutions and ADI Global Distribution, with Corporate reported separately. We identified these segments because we have organized our business and reporting structure into Products and Solutions and ADI Global Distribution. Segment information is evaluated by our Chief Executive Officer who is also the Chief Operating Decision Maker ("CODM"). The CODM uses income from operations to evaluate the performance of the overall business, make investing decisions, and allocate resources predominantly in the annual budget and forecasting process and the monthly results review, which includes variance analysis against the forecast, the budget, and the prior year. Disaggregated assets by segment are not used to allocate resources or to assess performance of the segments and therefore, segment assets have not been disclosed. Capital expenditures for each segment are reviewed by the CODM. The accounting policies used to derive segment results are substantially the same as those used in preparing the Unaudited Consolidated Financial Statements.

**Products and Solutions**—Our Products and Solutions segment is a leading building products manufacturer focused on residential controls and sensing solutions. Our products and solutions for comfort, energy management, safety, and security benefit from trusted, well-established branded offerings such as Braukmann, BRK, First Alert, Honeywell Home, Resideo, and others. Our offerings include temperature and humidity control, water and air solutions, smoke and carbon monoxide detection home safety products, residential and small business security products, video cameras, other home-related lifestyle convenience solutions, cloud infrastructure, installation and maintenance tools, and related software. We also sell components to manufacturers of water heaters, heat pumps, and boilers.

**ADI Global Distribution**—Our ADI Global Distribution segment is the leading global wholesale distributor of low-voltage products, including security and audio-visual solutions. With a portfolio of over 500,000 professionally installed products, ADI Global Distribution serves both the commercial and residential markets across key specialty categories including security, fire, audio-visual, access control, smart living, and data communications. This extensive offering is complemented by an expanding suite of proprietary technologies and services, under key exclusive brands such as Control4, OvrC, Araknis Networks, and WattBox.

**Corporate**—Corporate expenses include costs related to the corporate functions such as the executive function, legal, accounting, tax, treasury, corporate development, human resources, investor relations, and information technology. Additionally, unallocated amounts for restructuring, impairment and extinguishment costs and non-operating items such as Indemnification Agreement expense, interest income (expense), other income (expense), and provision for income taxes are reported within Corporate.

Segment results of operations for Products and Solutions, including significant segment expenses that are regularly reviewed by the CODM, are included in the table below:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| (in millions) | **September 27, 2025** | **September 28, 2024** | **September 27, 2025** | **September 28, 2024** |
| Net revenue | $661 | $645 | $1976 | $1895 |
| Cost of goods sold | 377 | 373 | 1137 | 1118 |
| Research and development expenses | 33 | 23 | 92 | 69 |
| Selling, general and administrative expenses | 104 | 107 | 309 | 307 |
| Intangible asset amortization | 7 | 6 | 19 | 18 |
| Restructuring and impairment costs |  | 8 | 1 | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;Segment income from operations | $140 | $128 | $418 | $370 |

---

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

**Resideo Technologies, Inc.**

**Notes to Consolidated Financial Statements**

**(Unaudited)**

Segment results of operations for ADI Global Distribution, including significant segment expenses that are regularly reviewed by the CODM, are included in the table below:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| (in millions) | **September 27, 2025** | **September 28, 2024** | **September 27, 2025** | **September 28, 2024** |
| Net revenue | $1203 | $1183 | $3601 | $3008 |
| Cost of goods sold | 931 | 931 | 2804 | 2414 |
| Research and development expenses | 11 |  | 28 |  |
| Selling, general and administrative expenses | 181 | 177 | 533 | 397 |
| Intangible asset amortization | 24 | 22 | 70 | 31 |
| Restructuring and impairment costs |  | 17 | 5 | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;Segment income from operations | $56 | $36 | $161 | $147 |

---

The following table provides a reconciliation of segment income from operations to consolidated income (loss) before taxes:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| (in millions) | **September 27, 2025** | **September 28, 2024** | **September 27, 2025** | **September 28, 2024** |
| *Segment income from operations* |  |  |  |  |
| Products and Solutions | $140 | $128 | $418 | $370 |
| ADI Global Distribution | 56 | 36 | 161 | 147 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total segment income from operations | 196 | 164 | 579 | 517 |
| Unallocated amounts: |  |  |  |  |
| Selling, general and administrative expenses | 39 | 33 | 107 | 124 |
| Restructuring, impairment and extinguishment costs | 3 | 4 | 3 | 15 |
| Indemnification Agreement expense |  | 45 | 972 | 135 |
| Other expenses, net | 7 | 10 | 22 | 10 |
| Interest expense, net | 37 | 27 | 86 | 55 |
| Other corporate items |  | 1 | 2 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income (loss) before taxes | $110 | $44 | $(613) | $176 |

---

The following table provides detail on capital expenditures which are regularly reviewed by the CODM:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| (in millions) | **September 27, 2025** | **September 28, 2024** | **September 27, 2025** | **September 28, 2024** |
| *Capital expenditures* |  |  |  |  |
| Products and Solutions | $12 | $13 | $42 | $40 |
| ADI Global Distribution | 16 | 9 | 37 | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total capital expenditures | $28 | $22 | $79 | $58 |

---

Capital expenditures in accounts payable were $22 million for the nine months ended September 27, 2025 and $16 million for the nine months ended September 28, 2024.

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

**Resideo Technologies, Inc.**

**Notes to Consolidated Financial Statements**

**(Unaudited)**

**Note 5. Revenue Recognition**

We have two operating segments: Products and Solutions and ADI Global Distribution. Disaggregated revenue information for Products and Solutions is presented by product grouping, while ADI Global Distribution is presented by region.

The following table presents revenue by business line and geographic location, as we believe this presentation best depicts how the nature, amount, timing, and uncertainty of net revenue and cash flows are affected by economic factors:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| (in millions) | **September 27, 2025** | **September 28, 2024** | **September 27, 2025** | **September 28, 2024** |
| Products and Solutions |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Safety and Security | $244 | $219 | $706 | $659 |
| &nbsp;&nbsp;&nbsp;&nbsp;Air | 199 | 229 | 630 | 634 |
| &nbsp;&nbsp;&nbsp;&nbsp;Energy | 140 | 122 | 410 | 374 |
| &nbsp;&nbsp;&nbsp;&nbsp;Water | 78 | 75 | 230 | 228 |
| Total Products and Solutions | 661 | 645 | 1976 | 1895 |
| ADI Global Distribution |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Americas <sup>(1)</sup> | 1048 | 1046 | 3167 | 2632 |
| &nbsp;&nbsp;&nbsp;&nbsp;International <sup>(2)</sup> | 155 | 137 | 434 | 376 |
| Total ADI Global Distribution | 1203 | 1183 | 3601 | 3008 |
| Total net revenue | $1864 | $1828 | $5577 | $4903 |

---

<sup>(1)</sup> Americas represents North, Central, and South America.

<sup>(2)</sup> International represents all geographies that are not included in Americas.

**Note 6. Restructuring**

We took restructuring actions, including capturing synergies from our acquisition of Snap One, to align our cost structure based on our strategic objectives and our outlook of market conditions. The intent of these actions is to improve our operating efficiency and position us for long-term growth. We expect to fully execute on our restructuring programs over the next 12 to 27 months, and the estimated cost of these actions is approximately $20 million. We may incur additional restructuring expenses associated with these plans or new plans in the future.

The following table summarizes information concerning recorded obligations for our restructuring programs included within accrued liabilities on the Unaudited Consolidated Balance Sheets. Amounts associated with impairment and extinguishment costs are not included in the table below because those amounts are charged directly against the relevant assets and debt, respectively.

---

| | | |
|:---|:---|:---|
| | **Nine Months Ended** | **Twelve Months Ended** |
| (in millions) | **September 27, 2025** | **December 31, 2024** |
| Beginning of period | $31 | $30 |
| &nbsp;&nbsp;&nbsp;&nbsp;Charges | 8 | 41 |
| &nbsp;&nbsp;&nbsp;&nbsp;Usage <sup>(1)</sup> | (19) | (40) |
| End of period | $20 | $31 |

---

<sup>(1)</sup> Usage primarily relates to cash payments and shares issued associated with employee termination costs.

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

**Resideo Technologies, Inc.**

**Notes to Consolidated Financial Statements**

**(Unaudited)**

**Note 7. Stockholders' Equity**

***Share Repurchase Program***

On August 3, 2023, we announced that our Board of Directors authorized a share repurchase program for the repurchase of up to $150 million of our common stock over an unlimited time period (the "Share Repurchase Program"). During the three and nine months ended September 27, 2025, there were no common share repurchases. During the three and nine months ended September 28, 2024, we repurchased no and 0.1 million shares of common stock, respectively, in the open market at a total cost of $1 million. Common stock repurchases are recorded at cost and presented as a reduction to stockholders' equity. As of September 27, 2025, we had approximately $108 million of authorized repurchases remaining under the Share Repurchase Program.

***Preferred Stock***

On June 14, 2024, in connection with our acquisition of Snap One, we issued 500,000 shares of Series A Cumulative Convertible Participating Preferred Stock ("Preferred Stock") to CD&R Channel Holdings, L.P. (the "CD&R Stockholder") for an aggregate purchase price of $500 million pursuant to an investment agreement dated April 15, 2024. Refer to *Note 20. Stockholders' Equity* in our 2024 Annual Report on Form 10-K for further discussion.

**Note 8. Stock-Based Compensation Plans**

The following table summarizes awards granted during the relevant periods:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Nine Months Ended September 27, 2025** | **Nine Months Ended September 27, 2025** | **Nine Months Ended September 28, 2024** | **Nine Months Ended September 28, 2024** |
| (in thousands except for per share amounts) | **Number of Stock Units Granted** | **Weighted average grant date fair value per share** | **Number of Stock Units Granted** <sup>(1)</sup> | **Weighted average grant date fair value per share** |
| Performance Stock Units ("PSUs") <sup>(2)</sup> | 237 | $25.56 | 586 | $27.94 |
| Restricted Stock Units ("RSUs") | 2263 | $22.24 | 4556 | $19.59 |

---

<sup>(1)</sup> Includes 2 million RSUs granted as part of the Snap One acquisition for a fair value of $43 million, of which $17 million was included in purchase consideration.

<sup>(2)</sup> Includes PSUs at target payout. Final common shares issued may be different based upon the actual achievement versus the performance measure target.

For the three and nine months ended September 27, 2025, stock-based compensation expense, net of tax was $13 million and $45 million, respectively. For the three and nine months ended September 28, 2024, stock-based compensation expense, net of tax was $15 million and $44 million, respectively. Stock-based compensation expense is included in either selling, general and administrative expenses or restructuring, impairment and extinguishment costs in the Unaudited Consolidated Statements of Operations based on the nature of the expense.

**Note 9. Inventories, net**

The following table summarizes the details of our inventories, net:

---

| | | |
|:---|:---|:---|
| (in millions) | **September 27, 2025** | **December 31, 2024** |
| Raw materials | $162 | $171 |
| Work in process | 17 | 14 |
| Finished products | 1149 | 1052 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total inventories, net | $1328 | $1237 |

---

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

**Resideo Technologies, Inc.**

**Notes to Consolidated Financial Statements**

**(Unaudited)**

**Note 10. Goodwill and Intangible Assets, net**

Our goodwill balance and changes in carrying value by segment were as follows:

---

| | | | |
|:---|:---|:---|:---|
| (in millions) | **Products and Solutions** | **ADI Global Distribution** | **Total** |
| Balance as of January 1, 2025 | $2015 | $1057 | $3072 |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjustments <sup>(1)</sup> |  | (9) | (9) |
| &nbsp;&nbsp;&nbsp;&nbsp;Impact of foreign currency translation | 45 | 14 | 59 |
| Balance as of September 27, 2025 | $2060 | $1062 | $3122 |

---

<sup>(1)</sup> Related to the measurement period adjustments associated with the Snap One acquisition. Refer to *Note 3. Acquisitions* for further discussion.

The following table summarizes the net carrying amount of intangible assets:

---

| | | |
|:---|:---|:---|
| (in millions) | **September 27, 2025** | **December 31, 2024** |
| Intangible assets subject to amortization | $933 | $996 |
| Indefinite-lived intangible assets | 180 | 180 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total intangible assets | $1113 | $1176 |

---

Intangible assets subject to amortization consisted of the following:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **September 27, 2025** | **September 27, 2025** | **September 27, 2025** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
| (in millions) | **Gross<br>Carrying<br>Amount** | **Accumulated<br>Amortization** | **Net<br>Carrying<br>Amount** | **Gross<br>Carrying<br>Amount** | **Accumulated<br>Amortization** | **Net<br>Carrying<br>Amount** |
| Customer relationships | $915 | $(239) | $676 | $901 | $(177) | $724 |
| Patents and technology | 173 | (60) | 113 | 170 | (41) | 129 |
| Software | 247 | (164) | 83 | 222 | (145) | 77 |
| Trademarks | 79 | (18) | 61 | 78 | (12) | 66 |
| &nbsp;&nbsp;&nbsp;&nbsp;Intangible assets subject to amortization | $1414 | $(481) | $933 | $1371 | $(375) | $996 |

---

Intangible assets amortization expense was $31 million and $91 million for the three and nine months ended September 27, 2025, respectively, and $29 million and $51 million for the three and nine months ended September 28, 2024, respectively.

**Note 11. Leases**

Total operating lease costs are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| (in millions) | **September 27, 2025** | **September 28, 2024** | **September 27, 2025** | **September 28, 2024** |
| Operating lease costs: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Selling, general and administrative expenses | $21 | $20 | $60 | $49 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cost of goods sold | 4 | 4 | 14 | 12 |
| Total operating lease costs <sup>(1)</sup> | $25 | $24 | $74 | $61 |

---

<sup>(1)</sup> Includes variable lease costs of $4 million and $13 million for the three and nine months ended September 27, 2025, respectively, and $5 million and $12 million for the three and nine months ended September 28, 2024, respectively.

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

**Resideo Technologies, Inc.**

**Notes to Consolidated Financial Statements**

**(Unaudited)**

The following table summarizes the carrying amounts of our operating lease assets and liabilities:

---

| | | | |
|:---|:---|:---|:---|
| (in millions) | **Financial Statement Line Item** | **September 27, 2025** | **December 31, 2024** |
| Operating lease assets | Other assets | $331 | $248 |
| Operating lease liabilities - current | Accrued liabilities | $55 | $51 |
| Operating lease liabilities - non-current | Other liabilities | $295 | $212 |

---

Supplemental cash flow information related to operating leases follows:

---

| | | |
|:---|:---|:---|
| | **Nine Months Ended** | **Nine Months Ended** |
| (in millions) | **September 27, 2025** | **September 28, 2024** |
| Cash paid for operating lease liabilities | $37 | $29 |
| Non-cash activities: operating lease assets obtained in exchange for new operating lease liabilities | $117 | $11 |

---

As of September 27, 2025, we entered into multiple lease agreements primarily for distribution centers and branches that were not recognized on our Unaudited Consolidated Balance Sheets, as we had not yet taken control of these leased sites. Upon commencement, we will recognize the related right-of-use assets and lease liabilities. The total undiscounted future lease payments for these leases was $18 million.

**Note 12. Long-Term Debt**

Long-term debt is comprised of the following:

---

| | | |
|:---|:---|:---|
| (in millions) | **September 27, 2025** | **December 31, 2024** |
| 4.000% Senior Notes due 2029 | $300 | $300 |
| 6.500% Senior Notes due 2032 | 600 | 600 |
| Variable rate A&R Term B Facility | 2337 | 1115 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gross debt | 3237 | 2015 |
| Less: current portion of long-term debt <sup>(1)</sup> | (20) | (6) |
| Less: unamortized deferred financing costs | (48) | (26) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total long-term debt | $3169 | $1983 |

---

<sup>(1)</sup> Included within accrued liabilities on the Unaudited Consolidated Balance Sheets.

Aggregate required principal payments on long-term debt outstanding at September 27, 2025, follows:

---

| | |
|:---|:---|
| (in millions) | **Total** |
| 2025 remaining | $6 |
| 2026 | 18 |
| 2027 | 18 |
| 2028 | 536 |
| 2029 | 318 |
| 2030 | 18 |
| Thereafter | 2323 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total | $3237 |

---

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

**Resideo Technologies, Inc.**

**Notes to Consolidated Financial Statements**

**(Unaudited)**

*A&R Credit Agreement*

In 2021, we entered into a credit agreement with JPMorgan Chase Bank N.A. as administrative agent which was most recently amended on August 13, 2025 (as amended, the "A&R Credit Agreement"). As part of the August 2025 amendment, we issued $1,225 million of incremental term loans which mature in August 2032. Net proceeds of $1,198 million were primarily used to fund the termination of the Indemnification Agreement. A 1.00% prepayment premium is payable in connection with certain repricing transactions if executed within six months of the closing date. Refer to *Note 16. Commitments and Contingencies* for further discussion.

In addition to the $1,225 million of incremental term loans, the A&R Credit Agreement includes $518 million of term loans maturing in February 2028 and $594 million of term loans maturing in June 2031 (together, the "A&R Term B Facility"). As a result of the August 2025 amendment, the A&R Term B Facility bears interest at a rate per annum based on the term Secured Overnight Financing Rate ("Term SOFR") plus an interest rate margin of 2.00% per annum. As of September 27, 2025 and December 31, 2024, the weighted average interest rate on the A&R Term B Facility, excluding the impact of the interest rate swaps, was 6.35% and 6.13%, respectively.

The A&R Credit Agreement also includes a senior secured revolving credit agreement (the "A&R Revolving Credit Facility") with an aggregate capacity of $500 million and a five-year term ending in June 2029. There were no outstanding borrowings and no letters of credit issued under the A&R Revolving Credit Facility.

The A&R Credit Agreement includes customary affirmative and negative covenants and reporting requirements, including limitations on indebtedness, liens, investments, and other restricted transactions. As of September 27, 2025, we are in compliance with all covenants.

We have entered into certain interest rate swap agreements based on Term SOFR which effectively convert a portion of our variable-rate debt to fixed-rate debt. Additionally, we assumed an interest rate cap in 2024 which effectively caps the interest on a portion of our variable rate debt. Refer to *Note 13. Derivative Financial Instruments* for further discussion.

*Senior Notes*

In August 2021, we issued $300 million in principal amount of 4.000% Senior Notes due 2029 ("Senior Notes due 2029").

In July 2024, we issued $600 million in aggregate principal of 6.500% Senior Notes due 2032 ("Senior Notes due 2032").

The Senior Notes due 2029 and Senior Notes due 2032 are senior unsecured obligations of Resideo guaranteed by Resideo's existing and future domestic subsidiaries and rank equally with all of Resideo's senior unsecured debt and senior to all of Resideo's subordinated debt. Refer to *Note 11. Long-Term Debt* in our 2024 Annual Report on Form 10-K for further discussion.

**Note 13. Derivative Financial Instruments**

In March 2021, we entered into eight interest rate swap agreements ("Swap Agreements"), each with a notional value of $70 million, for a combined notional value of $560 million. The Swap Agreements were entered into to reduce the consolidated interest rate risk associated with variable rate long-term debt and designated as cash flow hedges. Two of the Swap Agreements matured in February 2025, two matured in May 2025, two are scheduled to mature in February 2026, and two are scheduled to mature in February 2027. As of September 27, 2025 and December 31, 2024, the Swap Agreements had a combined notional value of $280 million and $560 million, respectively. The remaining Swap Agreements effectively convert a portion of our variable interest rate obligations to a rate based on Term SOFR with a minimum rate of 0.39% per annum to a base fixed weighted average rate of 1.57% over the remaining terms.

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

**Resideo Technologies, Inc.**

**Notes to Consolidated Financial Statements**

**(Unaudited)**

In 2024, we assumed an interest rate cap which has a current notional value of $343 million and a strike rate of 4.79% (the "Interest Rate Cap"), which effectively caps SOFR on the notional amount at that rate. The Interest Rate Cap is designated as a cash flow hedge on our variable interest rate obligations. We are required to pay a premium of $7 million at the maturity date of December 31, 2025.

The Swap Agreements and Interest Rate Cap (referred to collectively as "interest rate derivatives") are adjusted to fair value on a quarterly basis. The following tables summarize the fair value and presentation of derivative instruments on the Unaudited Consolidated Balance Sheets as well as the changes in fair value recorded in accumulated other comprehensive loss:

---

| | | | |
|:---|:---|:---|:---|
| | **Fair Value of Derivative Assets** | **Fair Value of Derivative Assets** | **Fair Value of Derivative Assets** |
| (in millions) | **Financial Statement Line Item** | **September 27, 2025** | **December 31, 2024** |
| Derivatives designated as hedging instruments: | Derivatives designated as hedging instruments: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest rate derivatives | Other current assets | $3 | $10 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest rate derivatives | Other assets | 1 | 3 |
| Total derivative assets designated as hedging instruments | Total derivative assets designated as hedging instruments | $4 | $13 |
|  | **Fair Value of Derivative Liabilities** | **Fair Value of Derivative Liabilities** | **Fair Value of Derivative Liabilities** |
| (in millions) | **Financial Statement Line Item** | **September 27, 2025** | **December 31, 2024** |
| Derivatives designated as hedging instruments: | Derivatives designated as hedging instruments: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest rate derivatives | Accrued liabilities | $7 | $6 |
| Unrealized gain | Accumulated other comprehensive loss | $2 | $8 |

---

The following table summarizes the effect of derivative instruments designated as cash flow hedges on other comprehensive income (loss) and the Unaudited Consolidated Statements of Operations:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| (in millions) | **September 27, 2025** | **September 28, 2024** | **September 27, 2025** | **September 28, 2024** |
| Gains recorded in accumulated other comprehensive loss, beginning of period | $2 | $20 | $8 | $25 |
| &nbsp;&nbsp;&nbsp;&nbsp;Current period losses recognized in/reclassified from other comprehensive income | (1) | (12) | (8) | (15) |
| &nbsp;&nbsp;&nbsp;&nbsp;Gains reclassified from accumulated other comprehensive loss to net income/loss | 1 |  | 2 | (2) |
| Gains recorded in accumulated other comprehensive loss, end of period | $2 | $8 | $2 | $8 |

---

Unrealized gains expected to be reclassified from accumulated other comprehensive loss in the next 12 months are estimated to be $2 million as of September 27, 2025.

Refer to *Note 12. Derivative Financial Instruments* in our 2024 Annual Report on Form 10-K for further discussion.

**Note 14. Fair Value**

The estimated fair value of our financial instruments held, and when applicable, issued to finance our operations, is summarized below. Certain estimates and judgments are required to develop fair value amounts. The fair value amounts shown below are not necessarily indicative of the amounts that we would realize upon disposition, nor do they indicate our

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

**Resideo Technologies, Inc.**

**Notes to Consolidated Financial Statements**

**(Unaudited)**

intent or ability to dispose of the financial instrument. There were no material changes in the methodologies used in our valuation practices as of September 27, 2025.

The fair values of long-term debt instruments were determined using quoted market prices in inactive markets or discounted cash flows based on current observable market interest rates and therefore were classified as Level 2 measurements in the fair value hierarchy.

The following table provides a summary of the carrying amount and fair value of outstanding debt:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **September 27, 2025** | **September 27, 2025** | **December 31, 2024** | **December 31, 2024** |
| (in millions) | **Carrying Value** | **Fair Value** | **Carrying Value** | **Fair Value** |
| Debt |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.000% Senior Notes due 2029 | $300 | $287 | $300 | $272 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.500% Senior Notes due 2032 | 600 | 615 | 600 | 602 |
| &nbsp;&nbsp;&nbsp;&nbsp;Variable rate A&R Term B Facility | 2337 | 2342 | 1115 | 1119 |
| Total debt | $3237 | $3244 | $2015 | $1993 |

---

Refer to *Note 12. Long-Term Debt* for further discussion.

***Foreign Currency Risk Management—***We conduct business on a multinational basis in a wide variety of foreign currencies and are exposed to market risks from changes in currency exchange rates. These exposures may impact future earnings and/or operating cash flows. The exposure to market risks for changes in foreign currency exchange rates arises from international trade transactions, foreign currency denominated monetary assets and liabilities, and international financing activities between subsidiaries. We rely on natural offsets to mitigate these market risk exposures. As of September 27, 2025 and December 31, 2024, we had no foreign currency forward or option hedging contracts.

***Interest Rate Risk—***We have exposure to movements in interest rates associated with cash and borrowings. We may enter into various interest rate protection agreements in order to limit the impact of movements in interest rates.

The following table provides a summary of the carrying amount and fair value of our interest rate derivatives:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **September 27, 2025** | **September 27, 2025** | **December 31, 2024** | **December 31, 2024** |
| (in millions) | **Carrying Value** | **Fair Value** | **Carrying Value** | **Fair Value** |
| Assets: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest rate derivatives | $4 | $4 | $13 | $13 |
| Liabilities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest rate derivatives | $7 | $7 | $6 | $6 |

---

There are no material Level 1 or Level 3 assets or liabilities for the periods presented above. The fair values of derivative financial instruments have been determined based on market value equivalents at the balance sheet date, taking into account the current interest rate environment and therefore were classified as Level 2 measurements in the fair value hierarchy. Refer to *Note 13. Derivative Financial Instruments* for further discussion.

The carrying amounts of cash and cash equivalents, accounts receivable, other current assets, accounts payable and accrued liabilities approximate fair value because of their short-term nature.

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

**Resideo Technologies, Inc.**

**Notes to Consolidated Financial Statements**

**(Unaudited)**

**Note 15. Accrued Liabilities**

Accrued liabilities consist of the following:

---

| | | |
|:---|:---|:---|
| (in millions) | **September 27, 2025** | **December 31, 2024** |
| Compensation, benefit and other employee-related | $141 | $131 |
| Customer rebate reserve | 112 | 112 |
| Current operating lease liability | 55 | 51 |
| Current obligations payable under the Indemnification Agreement |  | 140 |
| Other <sup>(1)</sup> | 287 | 283 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total accrued liabilities | $595 | $717 |

---

<sup>(1)</sup> Other includes accruals for deferred revenue, freight payable, taxes payable, product warranties, restructuring, interest, legal and professional reserves, advertising, current portion of long-term debt, royalties, and other miscellaneous items.

**Note 16. Commitments and Contingencies**

***Environmental Matters***

We are subject to various federal, state, local, and foreign government requirements relating to the protection of the environment and accrue costs related to environmental matters when it is probable that we have incurred a liability related to a contaminated site and the amount can be reasonably estimated. We believe that, as a general matter, our policies, practices, and procedures are properly designed to prevent unreasonable risk of environmental damage and personal injury and that our handling, manufacture, use, and disposal of hazardous substances are in accordance with environmental and safety laws and regulations. We have incurred remedial response and voluntary cleanup costs for site contamination. Additional claims and costs involving environmental matters are likely to continue to arise in the future.

Environmental expenses for sites owned and operated by us are presented within cost of goods sold for operating sites. For the three and nine months ended September 27, 2025 and September 28, 2024, environmental expenses related to these operating sites were not material. Liabilities for environmental costs were $22 million at September 27, 2025 and December 31, 2024.

**Obligations Payable Under the Indemnification Agreement and Tax Matters Agreement**

***Indemnification Agreement***

We separated from Honeywell International Inc. ("Honeywell") on October 29, 2018, becoming an independent publicly traded company as a result of a pro rata distribution of our common stock to shareholders of Honeywell (the "Honeywell Spin-Off" formerly defined as the "Spin-Off"). In connection with the Honeywell Spin-Off, we entered into an indemnification and reimbursement agreement, pursuant to which we had an obligation to make cash payments associated with Honeywell's environmental liabilities which were capped at $140 million annually (the "Indemnification Agreement", formerly defined as the "Reimbursement Agreement"). Pursuant to its terms, the Indemnification Agreement extended until the earlier of (1) December 31, 2043; or (2) December 31 of the third consecutive anniversary where the annual reimbursement obligation (including accrued amounts) had been less than $25 million. Refer to *Note 15. Commitments and Contingencies* in our 2024 Annual Report on Form 10-K for further discussion.

On July 30, 2025, we entered into a definitive agreement with Honeywell to terminate the Indemnification Agreement (the "Termination Agreement"). We paid our regularly scheduled payment of $35 million in July 2025, and subject to the terms and conditions of the Termination Agreement, we made a pre-tax, one-time cash payment of $1,590 million to Honeywell in August 2025 (the "Closing"). Proceeds from the incremental term loans issued under the A&R Credit Agreement in August 2025, together with a portion of our cash on hand, were utilized to fund the payment required under the Termination Agreement. Refer to *Note 12. Long-Term Debt* for further discussion. Upon the Closing, the Indemnification Agreement terminated. As a result, we are no longer required to make any further payments to Honeywell under the Indemnification Agreement, and the associated affirmative and negative covenants no longer apply.

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

**Resideo Technologies, Inc.**

**Notes to Consolidated Financial Statements**

**(Unaudited)**

***Tax Matters Agreement***

In connection with the Honeywell Spin-Off, we entered into the Tax Matters Agreement with Honeywell, pursuant to which we are responsible and will indemnify Honeywell for certain taxes, including certain income taxes, sales taxes, VAT, and payroll taxes, relating to the business for all periods, including periods prior to the consummation of the Honeywell Spin-Off. In addition, the Tax Matters Agreement addresses the allocation of liability for taxes that are incurred as a result of restructuring activities undertaken to effectuate the Honeywell Spin-Off.

We are required to indemnify Honeywell for any taxes resulting from the failure of the Honeywell Spin-Off and related internal transactions to qualify for their intended tax treatment under U.S. federal, state, and local income tax law, as well as foreign tax law, where such taxes result from our action or omission not permitted by the Separation and Distribution Agreement between Honeywell and Resideo dated as of October 19, 2018 or the Tax Matters Agreement.

The following table summarizes information concerning the Indemnification Agreement and Tax Matters Agreement liabilities:

---

| | | | |
|:---|:---|:---|:---|
| (in millions) | **Indemnification Agreement** | **Tax Matters Agreement** | **Total** |
| Balance as of January 1, 2025 | $723 | $91 | $814 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accruals for liabilities deemed probable and reasonably estimable | 972 |  | 972 |
| &nbsp;&nbsp;&nbsp;&nbsp;Payments to Honeywell | (1695) |  | (1695) |
| Balance as of September 27, 2025 | $— | $91 | $91 |

---

The liabilities related to the Indemnification Agreement and Tax Matters Agreement are included in the following balance sheet accounts:

---

| | | |
|:---|:---|:---|
| (in millions) | **September 27, 2025** | **December 31, 2024** |
| Accrued liabilities | $— | $140 |
| Non-current obligations payable under the Indemnification Agreement |  | 583 |
| Other liabilities | 91 | 91 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total indemnification liabilities | $91 | $814 |

---

For the three and nine months ended September 27, 2025, and September 28, 2024, respectively, there were no expenses related to the Tax Matters Agreement. Expenses related to the Tax Matters Agreement are recognized within other expenses, net in the Unaudited Consolidated Statements of Operations.

***Other Matters***

We are subject to lawsuits, investigations, and disputes arising out of the conduct of our business, including matters relating to commercial transactions, government contracts, product liability, acquisitions and divestitures, employee matters, intellectual property, and environmental, health, and safety matters. We recognize a liability for any contingency that is probable of occurrence and reasonably estimable. We continually assess the likelihood of adverse judgments or outcomes in these matters, as well as potential ranges of possible losses, based on a careful analysis of each matter with the assistance of outside legal counsel and, if applicable, other experts. No such matters are material to our financial statements as of September 27, 2025.

***Warranties and Guarantees***

In the normal course of business, we issue product warranties and product performance guarantees. We accrue for the estimated cost of product warranties and product performance guarantees based on contract terms and historical experience at the time of sale. Adjustments to initial obligations for warranties and guarantees are made as changes to the obligations become reasonably estimable. Product warranties and product performance guarantees are included in accrued liabilities

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

**Resideo Technologies, Inc.**

**Notes to Consolidated Financial Statements**

**(Unaudited)**

and other liabilities on the Unaudited Consolidated Balance Sheets. The following table summarizes information concerning recorded obligations for product warranties and product performance guarantees:

---

| | | |
|:---|:---|:---|
| (in millions) | **September 27, 2025** | **December 31, 2024** |
| Beginning balance | $35 | $34 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accruals for warranties/guarantees issued during the year | 23 | 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;Settlement/adjustment of warranty/guarantee claims | (23) | (30) |
| Ending balance | $35 | $35 |

---

**Note 17. Income Taxes**

For interim periods, income tax is equal to the total of (1) year-to-date pretax income multiplied by the forecasted effective tax rate plus (2) tax expense items specific to the period. In situations where we expect to report losses and where we do not expect to receive tax benefits, we apply separate forecast effective tax rates to those jurisdictions rather than including them in the consolidated forecast effective tax rate.

For the three months ended September 27, 2025, net tax benefit was $46 million. For the nine months ended September 27, 2025, net tax expense was $50 million. For the three and nine months ended September 28, 2024, net tax expense was $24 million and $83 million, respectively. Net tax expense or benefit consists primarily of interim period tax expense based on year-to-date pretax income multiplied by our forecasted effective tax rate. In addition to items specific to the period, our income tax rate is impacted by the mix of earnings across the jurisdictions in which we operate and non-deductible Indemnification Agreement expense. Cash paid for taxes, net of refunds was $76 million and $116 million for the nine months ended September 27, 2025 and September 28, 2024, respectively.

On July 4, 2025, the One Big Beautiful Bill Act ("OBBBA") was enacted in the U.S. The OBBBA includes significant provisions, such as the permanent extension of certain expiring provisions of the Tax Cuts and Jobs Act, 100% bonus depreciation, domestic research cost expensing, the business interest expense limitation, and modifications of the international tax framework. The legislation has various effective dates from 2025 to 2027. The tax effects of the OBBBA have been reflected in our financial results for the period ended September 27, 2025. Based on our elections, U.S. cash taxes are expected to decrease in 2025. We will continue to evaluate the full impact of these legislative changes as additional guidance becomes available.

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

**Resideo Technologies, Inc.**

**Notes to Consolidated Financial Statements**

**(Unaudited)**

**Note 18. Earnings (Loss) Per Common Share**

The following table summarizes the reconciliation of the numerator and denominator used for the computation of basic and diluted earnings (loss) per common share:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| (in millions, except per share data) | **September 27, 2025** | **September 28, 2024** | **September 27, 2025** | **September 28, 2024** |
| **Numerator for basic and diluted earnings (loss) per common share:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income (loss) | $156 | $20 | $(663) | $93 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Less: preferred stock dividends | 9 | 8 | 26 | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Less: undistributed income allocated to preferred stockholders | 16 | 1 |  | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income (loss) available to common stockholders | $131 | $11 | $(689) | $79 |
| **Denominator for basic and diluted earnings (loss) per common share:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Weighted average basic number of common shares outstanding | 149 | 147 | 149 | 146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Plus: dilutive effect of common stock equivalents | 5 | 2 |  | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Weighted average diluted number of common shares outstanding | 154 | 149 | 149 | 149 |
| **Earnings (loss) per common share:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | $0.88 | $0.07 | $(4.62) | $0.54 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted | $0.85 | $0.07 | $(4.62) | $0.53 |

---

Diluted earnings (loss) per common share is computed based upon the weighted average number of common shares outstanding for the period plus the dilutive effect of common stock equivalents using the if-converted method and treasury stock method based on the average market price of our common stock for the period, except when the inclusion of such instruments would be antidilutive.

The following potentially dilutive instruments, presented as a weighted average of the instruments outstanding, were excluded from the calculation of diluted earnings (loss) per common share because their effect would have been antidilutive, and in the case of certain PSUs, the contingency has not been satisfied.

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| (in millions) | **September 27, 2025** | **September 28, 2024** | **September 27, 2025** | **September 28, 2024** |
| RSUs and other rights |  | 0.8 | 6.1 | 0.8 |
| PSUs |  | 1.1 | 2.5 | 1.0 |
| Preferred stock | 0.5 | 0.5 | 0.5 | 0.2 |

---

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

**Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.**

The following information should be read in conjunction with the Unaudited Consolidated Financial Statements included herein under "Item 1. Financial Statements." and the Audited Consolidated Financial Statements and the notes thereto and "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations" ("MD&A") included in our 2024 Annual Report on Form 10-K.

**FORWARD-LOOKING STATEMENTS**

This Quarterly Report on Form 10-Q ("Quarterly Report") contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts, but rather are based on current expectations, estimates, assumptions, and projections about our industries and our business and financial results. Forward-looking statements often include words such as "anticipates," "estimates," "expects," "projects," "forecasts," "intends," "plans," "continues," "believes," "may," "will," "goals," and words and terms of similar substance in connection with discussions of future operating or financial performance. This Quarterly Report includes industry and market data that we obtained from various third-party sources, including forecasts based upon such data; as with any projection or forecast, forward-looking statements are inherently susceptible to uncertainty and changes in circumstances. Our actual results may vary materially from those expressed or implied in our forward-looking statements. Accordingly, undue reliance should not be placed on any forward-looking statement made by us or on our behalf. Although we believe that the forward-looking statements contained in this Quarterly Report are based on reasonable assumptions, you should be aware that many factors could affect our actual financial results or results of operations and could cause actual results to differ materially from those in such forward-looking statements, including but not limited to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our ability to spin-off ADI Global Distribution, including the timeframe and process for the same;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• competition from other companies in our markets and segments, as well as in new markets and emerging markets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• compatibility and ease of integration of our products and solutions with third-party products and services and our ability to control such third party integrations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the potential adverse impacts of tariffs, import/export restrictions, or other trade barriers on global economic conditions, financial markets and our business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the impact of potentially volatile global market and economic conditions and industry and end market cyclicality, including factors such as interest rates, inflation, energy costs, availability of financing, consumer spending habits and preferences, housing market changes, and employment rates;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our ability to obtain additional future capital on favorable terms or at all;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our ability to identify consumer preferences and industry standards, develop and protect intellectual property related thereto, and successfully market new technologies, products, and services to consumers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our reliance on independent integrators to sell and install our solutions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our reliance on certain suppliers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the impact of disruptions in our supply chain from third-party suppliers and manufacturers, including our inability to obtain necessary raw materials and product components, production equipment, or replacement parts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• inability to consummate acquisitions on satisfactory terms or to integrate such acquisitions effectively;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the impact of earthquakes, hurricanes, fires, power outages, floods, pandemics, epidemics, natural disasters, and other catastrophic events, or other public health emergencies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• failure to achieve and maintain a high level of product and service quality, including the impact of warranty claims, product recalls, and product liability actions that may be brought against us;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our ability to retain or expand relationships with significant customers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the significant failure or inability to comply with specifications and manufacturing requirements or delays or other problems with existing or new products or inability to meet price requirements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• inability to successfully execute restructuring or transformation programs or to effectively manage our workforce;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the failure to increase productivity through sustainable operational improvements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the failure to acquire, implement, maintain and upgrade business technology infrastructure systems, including Enterprise Resource Planning ("ERP") systems and the like;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• economic, political, regulatory, foreign exchange, and other risks of international operations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our dependence upon information technology infrastructure and network operations having adequate cyber-security functionality;

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• risks associated with our relationships with Honeywell, including our reliance on Honeywell for the Honeywell Home trademark;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• regulations and societal actions to respond to global climate change;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• &nbsp;&nbsp;&nbsp;&nbsp;failure to comply with the broad range of current and future standards, laws, and regulations in the jurisdictions in which we operate;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the impact of potential material litigation matters, government proceedings, and other contingencies and uncertainties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• uncertainty in the development, deployment, and the use of artificial intelligence in our products and services, as well as our business interests more broadly;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• currency exchange rate, stock price, and effective tax rate fluctuations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the CD&R Stockholder's interest in and influence over us that may diverge from, or even conflict with, interests of the holders of our common stock, and the reduction in the relative voting power of holders of our common stock resulting from the issuance of preferred stock;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our ability to maintain effective internal controls and deliver timely financial statements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• impairment of goodwill, other intangible assets, and long-lived assets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• being required to make significant cash contributions to our defined benefit pension plans; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• other risks detailed under the caption "Risk Factors" in this Quarterly Report, in Part II, Item 1A, and certain factors discussed elsewhere in our 2024 Annual Report on Form 10-K, and other filings we make with the SEC.

Other than as set forth below in Part II, Item lA, captioned "Risk Factors", there have been no material changes to the risk factors described in our 2024 Annual Report on Form 10-K. These risks could cause actual results to differ materially from those implied by forward-looking statements in this Quarterly Report. Even if our results of operations, financial condition, and liquidity, and the development of the industries in which we operate are consistent with the forward-looking statements contained in this Quarterly Report, those results or developments may not be indicative of results or developments in subsequent periods.

Any forward-looking statements made by us in this Quarterly Report speak only as of the date on which they are made. We are under no obligation to and expressly disclaim any obligation to update or alter our forward-looking statements, whether as a result of new information, subsequent events, or otherwise.

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

**Overview and Business Trends**

We are a leading global manufacturer, developer, and distributor of technology-driven sensing and controls products and solutions that help homeowners and businesses stay connected and in control of their comfort, security, energy use, and smart living. We are a leader in key product markets including home heating, ventilation and air conditioning controls, smoke and carbon monoxide detection home safety and fire suppression, and security. Our global footprint serves residential and commercial end-markets. Our solutions and services can be found in over 150 million residential and commercial spaces globally, with tens of millions of new devices sold annually. We manage our business operations through two business segments, Products and Solutions and ADI Global Distribution.

Our Products and Solutions segment is a leading building products manufacturer focused on residential controls and sensing solutions. Our offerings include temperature and humidity control, water and air solutions, smoke and carbon monoxide detection home safety products, residential and small business security products, video cameras, other home-related lifestyle convenience solutions, cloud infrastructure, installation and maintenance tools, and related software. We also sell components to manufacturers of water heaters, heat pumps and boilers.

Our ADI Global Distribution segment is the leading global wholesale distributor of low-voltage products, including security and audio-visual solutions. With a portfolio of over 500,000 professionally installed products, ADI Global Distribution serves both the commercial and residential markets across key specialty categories including security, fire, audio-visual, access control, smart living, and data communications. This extensive offering is complemented by an expanding suite of proprietary technologies and services, under key exclusive brands such as Araknis Networks, Control4, OvrC, and WattBox.

Our financial performance is influenced by macroeconomic factors underlying end user demand such as repair and remodeling activity, residential and non-residential construction, new and existing home sales, employment rates, interest rates and bank lending standards, and supply chain dynamics that can be influenced by geopolitics. The ongoing uncertainty and volatility in the global macroeconomic environment have affected, and could continue to affect, our visibility toward future performance. Uncertainties remain including the global tariff environment, potential for changes in inflation and interest rates, increased labor costs, reduced consumer spending due to softening labor markets, elevated mortgage rates, shifts in energy policies, and potential market and other disruption from the ongoing conflict between Russia and Ukraine as well as the Middle East crisis.

**Current Period Highlights** 

• Net revenue of $1.86 billion, up 2.0% from $1.83 billion in the third quarter of 2024

• Gross profit margin of 29.8%, compared to 28.7% in the third quarter of 2024

• Income from operations of $154 million, or 8.3% of revenue, compared to $126 million, or 6.9% of revenue in the third quarter of 2024

• Fully diluted earnings per common share of $0.85, compared to $0.07 diluted earnings per common share in the third quarter of 2024

**Outlook** 

For the remainder of 2025, we anticipate executing our business operations against a highly dynamic global macroeconomic environment. The vast majority of costs associated with the building products that the Products and Solutions segment sells in the U.S. are incurred in Mexico. Most Products and Solutions products manufactured in Mexico, along with a significant portion of the ADI Global Distribution segment products sourced in Mexico, are currently exempt from tariffs under the United States-Mexico-Canada Agreement (USMCA). Additional tariff impact relates to products imported from China (and other Asian countries) and the European Union primarily by our ADI Global Distribution segment. We intend to take actions to essentially mitigate the cost impact of any tariffs that affect our business; however, rising prices and other macroeconomics factors may lead to lower purchase levels by our customers. We are monitoring these dynamics very closely and will make adjustments in our business operation execution, as appropriate. Based on the aforementioned, we reaffirm our 2025 revenue outlook to be up low double-digits year-over-year.

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

**Results of Operations**

The following table represents results of operations on a consolidated basis for the periods indicated:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| (in millions, except per share data and percentages) | **September 27, 2025** | **September 28, 2024** | **September 27, 2025** | **September 28, 2024** |
| Net revenue | $1864 | $1828 | $5577 | $4903 |
| Cost of goods sold | 1308 | 1304 | 3941 | 3532 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gross profit | 556 | 524 | 1636 | 1371 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Gross profit %* | *29.8 %* | *28.7 %* | *29.3 %* | *28.0 %* |
| Operating expenses: |  |  |  |  |
| &nbsp;&nbsp;Research and development expenses | 44 | 23 | 120 | 69 |
| &nbsp;&nbsp;Selling, general and administrative expenses | 324 | 317 | 949 | 828 |
| &nbsp;&nbsp;Intangible asset amortization | 31 | 29 | 91 | 51 |
| &nbsp;&nbsp;Restructuring, impairment and extinguishment costs | 3 | 29 | 9 | 47 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 402 | 398 | 1169 | 995 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income from operations | 154 | 126 | 467 | 376 |
| Indemnification Agreement expense |  | 45 | 972 | 135 |
| Other expenses, net | 7 | 10 | 22 | 10 |
| Interest expense, net | 37 | 27 | 86 | 55 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income (loss) before taxes | 110 | 44 | (613) | 176 |
| Provision (benefit) for income taxes | (46) | 24 | 50 | 83 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income (loss) | $156 | $20 | $(663) | $93 |
| Earnings (loss) per common share: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | $0.88 | $0.07 | $(4.62) | $0.54 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted | $0.85 | $0.07 | $(4.62) | $0.53 |

---

***Net Revenue***

***Three months ended***

Net revenue for the three months ended September 27, 2025 was $1,864 million, an increase of $36 million, or 2.0%, from the same period in 2024, primarily due to $50 million of revenue from favorable price and mix, and $13 million from favorable foreign currency exchange rates. The increase was partially offset by a $28 million decrease from lower sales volume.

***Nine months ended***

Net revenue for the nine months ended September 27, 2025 was $5,577 million, an increase of $674 million, or 13.7%, from the same period in 2024, primarily due to $446 million of revenue from the acquisition of Snap One, $134 million from favorable price and mix, $86 million from higher sales volume, and $11 million from favorable foreign currency exchange rates.

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

***Gross Profit***

***Three months ended***

The chart below presents the drivers of the gross profit variance from the three months ended September 28, 2024 to the three months ended September 27, 2025.

![802](rezi-20250927_g1.jpg)

Gross profit for the three months ended September 27, 2025 was $556 million, an increase of $32 million, or 6.1%, as compared to the same period in 2024, as shown in the above waterfall.

Gross margin rate for the three months ended September 27, 2025 was 29.8%, an increase of 110 basis points ("bps"), as compared to the same period in 2024. The increase was primarily driven by favorable price and mix shift of 150 bps partially offset by lower margins on sales volumes of 30 bps, and higher manufacturing costs of 10 bps.

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

***Nine months ended***

The chart below presents the drivers of the gross profit variance from the nine months ended September 28, 2024 to the nine months ended September 27, 2025.

![1389](rezi-20250927_g2.jpg)

Gross profit for the nine months ended September 27, 2025 was $1,636 million, an increase of $265 million, or 19.3%, as compared to the same period in 2024, as shown in the above waterfall.

Gross margin rate for the nine months ended September 27, 2025 was 29.3%, an increase of 130 bps as compared to the same period in 2024. The increase was primarily driven by favorable price and mix shift of 100 bps, and favorable impacts from the acquisition of Snap One of 70 bps. The increase was partially offset by lower margins on sales volumes of 30 bps.

***Research and Development Expenses***

***Three months ended***

Research and development expenses for the three months ended September 27, 2025 were $44 million, an increase of $21 million or 91.3% as compared to the same period in 2024. The increase was primarily driven by investments in both segments related to incremental headcount and third party services to develop and introduce new products into the market.

***Nine months ended***

Research and development expenses for the nine months ended September 27, 2025 were $120 million, an increase of $51 million, or 73.9%, as compared to the same period in 2024. The increase was primarily driven by investments in both segments related to incremental headcount and third party services to develop and introduce new products into the market.

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

***Selling, General and Administrative Expenses***

***Three months ended***

Selling, general and administrative expenses for the three months ended September 27, 2025 were $324 million, an increase of $7 million, or 2.2%, as compared to the same period in 2024. The increase was primarily driven by $6 million of incremental operating costs including payroll and benefits, rent and third party spend, and $4 million of expenses related to the announced future ADI Spin-Off. The increase was partially offset by a net reduction in bad debt expense of $5 million primarily driven by the Product and Solutions segment.

***Nine months ended***

Selling, general and administrative expenses for the nine months ended September 27, 2025 were $949 million, an increase of $121 million, or 14.6%, as compared to the same period in 2024. The increase was primarily driven by $82 million of higher costs versus prior year associated with the acquisition and integration of Snap One, $33 million of incremental operating costs including payroll and benefits, rent, marketing, IT, third party spend, and travel expense, and $4 million related to expenses incurred in connection with the announced future ADI Spin-Off.

***Intangible Asset Amortization***

***Three months ended***

Intangible asset amortization for the three months ended September 27, 2025 was $31 million, an increase of $2 million, or 6.9% as compared with the same period in 2024 primarily due to foreign currency impacts.

***Nine months ended***

Intangible asset amortization for the nine months ended September 27, 2025 was $91 million, an increase of $40 million, or 78.4% as compared with the same period in 2024. The increase was primarily due to additional amortization expense of $36 million associated with the new intangibles from the Snap One acquisition as well as foreign currency impacts.

***Restructuring, Impairment and Extinguishment Costs***

***Three months ended***

Restructuring, impairment and extinguishment costs for the three months ended September 27, 2025 were $3 million, a decrease of $26 million, or 89.7%, as compared to the same period in 2024. The decrease was primarily due to $28 million of restructuring costs incurred in the prior year for various restructuring actions, including capturing synergies from the Snap One acquisition, and pertains to employee termination costs. The decrease was partially offset by $3 million of debt extinguishment and modification costs incurred during the three months ended September 27, 2025.

***Nine months ended***

Restructuring, impairment and extinguishment costs for the nine months ended September 27, 2025 were $9 million, a decrease of $38 million, or 80.9%, as compared to the same period in 2024. The decrease was primarily due to $35 million of restructuring costs incurred in the prior year for various restructuring actions, including capturing synergies from the Snap One acquisition. In addition, we incurred $6 million of debt extinguishment costs as part of the Snap One acquisition, and $5 million in impairment expense related to an equity security in the prior year. The decrease was partially offset by $6 million in restructuring expenses related to the Products and Solutions and ADI Segments, and $3 million of debt extinguishment and modification costs related to Corporate incurred during the nine months ended September 27, 2025.

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

***Indemnification Agreement Expense***

***Three months ended***

We incurred no Indemnification Agreement expense for the three months ended September 27, 2025, a decrease of $45 million compared to the same period of 2024. The decrease was driven by the termination of the Indemnification Agreement with Honeywell on July 30, 2025.

***Nine months ended***

Indemnification Agreement expense for the nine months ended September 27, 2025 was $972 million, an increase of $837 million from the $135 million recorded in the same period of 2024. The increase was driven by the additional expense incurred in connection with the termination of the Indemnification Agreement with Honeywell.

***Other Expenses, Net***

***Three months ended***

Other expenses, net for the three months ended September 27, 2025 were $7 million, a decrease of $3 million as compared to the same period in 2024. The decrease was primarily driven by a $3 million loss on the sale of certain assets and related liabilities in the Products and Solutions segment in the prior year.

***Nine months ended***

Other expenses, net for the nine months ended September 27, 2025 were $22 million, an increase of $12 million as compared to the same period in 2024. The increase was primarily driven by $15 million in unfavorable foreign currency exchange rates, and a $4 million gain from the sale of an investment in the prior year. The increase was partially offset by a $8 million loss on sale of certain assets and related liabilities in the Products and Solutions segment in the prior year.

***Interest Expense, Net***

***Three months ended***

Interest expense, net for the three months ended September 27, 2025 was $37 million, an increase of $10 million, or 37.0%, as compared to the same period in 2024. The increase was due to additional long-term debt resulting in $7 million of higher interest expense, and a decrease of $4 million in interest rate derivative related receipts due to interest rate fluctuations and a lower aggregate notional amount of interest rate swaps due to maturities.

***Nine months ended***

Interest expense, net for the nine months ended September 27, 2025 was $86 million, an increase of $31 million, or 56.4%, as compared to the same period in 2024. The increase was due to additional long-term debt resulting in $15 million of higher interest expense, a decrease of $12 million in interest rate derivative related receipts due to interest rate fluctuations and a lower aggregate notional amount of interest rate swaps due to maturities, and lower interest income of $3 million as a result of lower interest rates and lower cash balances.

***Tax (Benefit) Expense***

***Three months ended***

The income tax benefit for the three months ended September 27, 2025 was $46 million compared to the income tax expense of $24 million in the same period in 2024. The decrease was primarily driven by an increase in income before taxes for the quarter and a change in projected income before taxes for the year. The effective income tax rate decreased from 54.5% to (41.8)%, primarily driven by the mix of earnings across the jurisdictions in which we operate, decreased income before taxes with relatively fixed non-deductible expenses and a large increase in the non-deductible Indemnification Agreement expense and U.S. taxation of foreign earnings.

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

***Nine months ended***

Income tax expense for the nine months ended September 27, 2025 was $50 million, a decrease of $33 million as compared to the same period in 2024. The decrease was primarily driven by a decrease in income before taxes and an increase in the non-deductible Indemnification Agreement expense. The effective income tax rate decreased from 47.2% to (8.2)%, primarily driven by the mix of earnings across the jurisdictions in which we operate, decreased income before taxes with relatively fixed non-deductible expenses and a large increase in the non-deductible Indemnification Agreement expense and U.S. taxation of foreign earnings.

***Segment Results of Operations***

*Products and Solutions*

***Three months ended***

The chart below presents net revenue and income from operations for the three months ended September 27, 2025 and September 28, 2024.

![8293](rezi-20250927_g3.jpg)

Products and Solutions net revenue for the three months ended September 27, 2025 was $661 million, an increase of $16 million, or 2.5%, as compared to the same period in 2024. The increase is primarily due to a $21 million favorable impact from price and mix, and $6 million from favorable foreign currency exchange rates. The increase was partially offset by $10 million from lower sales volumes.

Products and Solutions income from operations for the three months ended September 27, 2025 was $140 million, an increase of $12 million, or 9.4%, as compared to the same period in 2024. The increase is primarily due to favorable price and mix shift of $13 million, lower restructuring costs of $8 million, lower bad debt expense of $7 million, and lower material, freight, and other manufacturing costs of $3 million. The increase was partially offset by lower sales volumes of $9 million, and $11 million of incremental research and development expenses related to additional headcount and third party services to develop and introduce new products into the market.

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

***Nine months ended***

The chart below presents net revenue and income from operations for the nine months ended September 27, 2025 and September 28, 2024.

![9190](rezi-20250927_g4.jpg)

Products and Solutions net revenue for the nine months ended September 27, 2025 was $1,976 million, an increase of $81 million, or 4.3%, as compared to the same period in 2024. The increase is primarily due to a $95 million favorable impact from price and mix, and $3 million from favorable foreign currency exchange rates. The increase was partially offset by $16 million from lower sales volumes.

Products and Solutions income from operations for the nine months ended September 27, 2025 was $418 million, an increase of $48 million, or 13.0%, as compared to the same period in 2024. The increase is primarily due to a favorable price and mix shift of $55 million, lower restructuring costs of $12 million, lower bad debt expense of $6 million, and lower material, freight, and other manufacturing costs of $10 million. The increase was partially offset by $23 million of incremental research and development expenses related to additional headcount and third party services to develop and introduce new products into the market, and $10 million from lower sales volumes.

*ADI Global Distribution*

***Three months ended***

The chart below presents net revenue and income from operations for the three months ended September 27, 2025 and September 28, 2024.

![10040](rezi-20250927_g5.jpg)

ADI Global Distribution net revenue for the three months ended September 27, 2025, was $1,203 million, an increase of $20 million, or 1.7%, as compared to the same period in 2024. The increase was primarily driven by $30 million from

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

favorable price and mix shift, and $7 million from favorable foreign currency exchange rates. The increase was partially offset by $18 million from lower sales volumes due primarily to impacts from our ERP implementation.

ADI Global Distribution income from operations for the three months ended September 27, 2025 was $56 million, an increase of $20 million, or 55.6%, as compared to the same period in 2024. The increase was primarily driven by $30 million from net favorable price and mix shift, and $17 million lower restructuring expenses. This increase was partially offset by incremental research and development expenses of $11 million and a decrease in sales volumes of $4 million. In addition, operating expenses increased by $9 million, including payroll, freight, and duties, driven primarily by the one-time impacts from our ERP implementation.

***Nine months ended***

The chart below presents net revenue and income from operations for the nine months ended September 27, 2025 and September 28, 2024.

![11084](rezi-20250927_g6.jpg)

ADI Global Distribution net revenue for the nine months ended September 27, 2025 was $3,601 million, an increase of $593 million, or 19.7%, as compared to the same period in 2024. The increase was primarily driven by $446 million of revenue from the acquisition of Snap One, $102 million from higher sales volumes, $39 million from favorable price and mix shift, and $9 million from favorable foreign currency exchange rates.

ADI Global Distribution income from operations for the nine months ended September 27, 2025 was $161 million, an increase of $14 million, or 9.5%, as compared to the same period in 2024. The increase was primarily driven by $36 million from net favorable price and mix shift, $17 million from higher sales volumes, and $14 million from lower restructuring costs. This increase was partially offset by investment of $28 million in research and development costs. In addition, operating expenses increased by $29 million, including payroll and benefits, rent, bad debt, third party spend, and freight and duties.

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

*Corporate*

***Three months ended***

Corporate costs for the three months ended September 27, 2025 were $42 million, an increase of $4 million, or 10.5%, as compared to the same period in 2024. The increase was primarily driven by $4 million of expenses related to the announced future ADI Spin-Off.

***Nine months ended***

Corporate costs for the nine months ended September 27, 2025 were $112 million, a decrease of $29 million, or 20.6%, as compared to the same period in 2024. The decrease was primarily driven by $29 million of acquisition and integration costs incurred in the prior year, and lower restructuring, impairment and extinguishment costs of $11 million. The decrease was partially offset by incremental operating costs of $8 million including payroll and benefits and third party spend, and $4 million of expenses related to the announced future ADI Spin-Off.

**Capital Resources and Liquidity** 

As of September 27, 2025, total cash and cash equivalents were $345 million, of which 50% were held by foreign subsidiaries. Our liquidity is primarily dependent on our ability to continue to generate positive cash flows from operations, supplemented by external sources of capital, as needed. Additional liquidity may also be provided through access to the capital markets and our A&R Revolving Credit Facility in an aggregate principal amount of $500 million.

In August 2025, subject to the terms and conditions of the Termination Agreement, we made a pre-tax, one-time cash payment of $1,590 million to Honeywell. This was partially financed in the amount of $1,225 million in incremental term loans under our A&R Credit Agreement, which mature in August 2032. The remainder of the payment to Honeywell was financed with our existing cash. Refer to *Note 12. Long-Term Debt* and *Note 16. Commitments and Contingencies* to the Unaudited Consolidated Financial Statements for further discussion.

***Liquidity***

Our future capital requirements will depend on many factors, including acquisition or strategic transactions we may enter into such as the announced future ADI Spin-Off, the rate of sales growth, market acceptance of our products, the timing and extent of research and development projects, potential acquisitions of companies or technologies, and the expansion of our sales and marketing activities. While we may elect to seek additional funding at any time, we believe our existing cash, cash equivalents, and availability under our credit facilities are sufficient to meet our capital requirements for the foreseeable future.

We may from time to time take steps to reduce our debt or otherwise improve our financial position. These actions could include prepayments, liquidated damages, open market debt repurchases, negotiated repurchases, other redemptions or retirements of outstanding debt, opportunistic refinancing of debt, raising additional capital, or divesting certain assets. The amount of prepayments or the amount of debt that may be refinanced, repurchased, or otherwise retired, if any, will depend on market conditions, trading levels of our debt, our cash position, compliance with debt covenants, and other considerations.

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

***A&R Credit Agreement and Senior Notes***

As of September 27, 2025, we had $3,237 million of long-term debt, including $2,337 million outstanding under our A&R Credit Agreement, $300 million 4.000% Senior Notes due 2029, and $600 million 6.500% Senior Notes due 2032. We have $20 million in outstanding debt due in the next twelve months, and $48 million of unamortized deferred financing costs. The Senior Notes due 2029 and Senior Notes due 2032 are senior unsecured obligations of Resideo guaranteed by Resideo's existing and future domestic subsidiaries and rank equally with all of Resideo's senior unsecured debt and senior to all of Resideo's subordinated debt.

We have also entered into certain interest rate swap agreements based on Term SOFR. These interest rate swap agreements effectively convert a portion of our variable-rate debt to fixed rate debt. Additionally, we assumed an interest rate cap in 2024 which effectively caps the interest on a portion of our variable rate debt with a current notional amount of $343 million and a strike rate of 4.79%.

In August 2025, we issued $1,225 million in incremental term loans under our A&R Credit Agreement to partially finance our settlement of the Termination Agreement with Honeywell.

As of September 27, 2025, we were in compliance with all covenants related to the A&R Credit Agreement, Senior Notes due 2029, and Senior Notes due 2032.

Refer to *Note 12. Long-Term Debt* and *Note 13. Derivative Financial Instruments* to the Unaudited Consolidated Financial Statements for a description of our debt obligations and the timing of future principal and interest payments, including impacts from our interest rate derivatives.

***Common Share Repurchase Program***

In August 2023, we announced that our Board of Directors authorized a share repurchase program for the repurchase of up to $150 million of our common stock over an unlimited time period. During the three and nine months ended September 27, 2025, there were no common share repurchases. As of September 27, 2025, we had $108 million of authorized repurchases remaining under the Share Repurchase Program.

***Cash Flow Summary for the Nine Months Ended September 27, 2025 and September 28, 2024***

Our cash flows from operating, investing, and financing activities for the nine months ended September 27, 2025 and September 28, 2024, as reflected in the Unaudited Consolidated Financial Statements, are summarized as follows:

---

| | | | |
|:---|:---|:---|:---|
| | **Nine Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| (in millions) | **September 27, 2025** | **September 28, 2024** | **$ change** |
| Cash provided by (used for): |  |  |  |
| &nbsp;&nbsp;&nbsp;Operating activities | $(1436) | $241 | $(1677) |
| &nbsp;&nbsp;&nbsp;Investing activities | (79) | (1386) | 1307 |
| &nbsp;&nbsp;&nbsp;Financing activities | 1159 | 1043 | 116 |
| &nbsp;&nbsp;&nbsp;Effect of exchange rate changes on cash | 9 | (3) | 12 |
| Net decrease in cash, cash equivalents and restricted cash | $(347) | $(105) | $(242) |

---

For the nine months ended September 27, 2025, net cash used for operating activities was $1,436 million, a decrease of $1,677 million as compared to the same period in 2024. During the nine months ended September 27, 2025, we recorded $972 million of expense related to the termination of the Indemnification Agreement, $86 million of interest expense and $22 million of other expenses. These expenses, offset by operating profit of $467 million, were the primary drivers of the net loss of $663 million. In addition to the decrease in net income of $756 million, there was a change of $923 million in

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

net assets and liabilities driven primarily by a $753 million decrease in the Indemnification Agreement liability and a $120 million decrease in accounts payable primarily due to the timing of payments for strategic buys.

Net cash used for investing activities for the nine months ended September 27, 2025 was $79 million, a decrease of $1,307 million, or 94%, as compared to the same period in 2024. The decrease was primarily driven by the prior year acquisition of Snap One for $1,334 million, partially offset by an increase in capital expenditures of $21 million in the current year.

Net cash provided by financing activities for the nine months ended September 27, 2025 was $1,159 million, an increase of $116 million, or 11%, as compared to the same period in 2024. This increase was primarily driven by a $599 million reduction in long-term debt repayments, partially offset by proceeds of $482 million related to the issuance of Preferred Stock in 2024.

***Contractual Obligations and Probable Liability Payments***

In addition to our long-term debt discussed above, our material cash requirements include the following contractual obligations.

*Indemnification Agreement Payments*

In connection with the Honeywell Spin-Off, we entered into the Indemnification Agreement with Honeywell. On July 30, 2025, we entered into the Termination Agreement with Honeywell to terminate the Indemnification Agreement. Subject to the terms and conditions of the Termination Agreement, we made a pre-tax, one-time cash payment of $1,590 million to Honeywell in August 2025 using proceeds from the incremental term loans issued under the A&R Credit Agreement, together with a portion of our cash on hand. We are no longer required to make any further payments to Honeywell under the Indemnification Agreement and the associated affirmative and negative covenants no longer apply. During the nine months ended September 27, 2025, we paid Honeywell $1,695 million under the Indemnification Agreement, which includes the impact of the Termination Agreement. Refer to *Note 12. Long-Term Debt* and *Note 16. Commitments and Contingencies* for further discussion.

*Environmental Liability*

We make environmental liability payments for sites which we own and operate. As of September 27, 2025, a liability of $22 million was deemed probable and reasonably estimable.

*Operating Leases*

We have operating lease arrangements for the majority of our manufacturing centers, distribution centers, branches, offices, engineering and lab sites, warehouses, automobiles, and certain equipment. As of September 27, 2025, we had operating lease payment obligations of $350 million, with $55 million payable within 12 months.

**Other Matters**

***Litigation, Environmental Matters, and the Indemnification Agreement***

Refer to *Note 16. Commitments and Contingencies* for further discussion.

***Recent Accounting Pronouncements***

Refer to *Note 2. Summary of Significant Accounting Policies* for further discussion.

**Item 3. Quantitative and Qualitative Disclosures About Market Risk.**

We are exposed to market risk from foreign currency exchange rates, commodity price risk, and interest rates, which could affect operating results, financial position, and cash flows. We manage our exposure to these market risks through our regular operating and financing activities and, when appropriate, through the use of derivative financial instruments.

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

*Interest Rate Risk*

As of September 27, 2025, the remaining Swap Agreements, with a notional value of $280 million, effectively convert a portion of our $2,337 million long-term variable rate A&R Term B Facility to fixed rate debt. Specifically, the Swap Agreements effectively convert a portion of our variable interest rate obligations to a rate based on Term SOFR with a minimum rate of 0.39% per annum to a base fixed weighted average rate of 1.57% over the remaining terms. Additionally, our interest rate cap agreement notional value is $343 million with a strike rate of 4.79% as of September 27, 2025, which effectively caps SOFR on the notional amount at that rate.

As of September 27, 2025, an increase in interest rates by 100 bps would have an approximately $21 million impact on our annual interest expense.

For more information on our interest rate derivatives, refer to *Note 13. Derivative Financial Instruments* and *Note 14. Fair Value*.

*Foreign Currency Exchange Rate Risk*

We are exposed to market risks from changes in currency exchange rates. While we primarily transact with customers and suppliers in the U.S. dollar, we also transact in foreign currencies, primarily including the Mexican Peso, Canadian Dollar, Indian Rupee, Euro, and British Pound. These exposures may impact total assets, liabilities, future earnings and/or operating cash flows. Our exposure to market risk for changes in foreign currency exchange rates emerges from transactions arising from international trade, foreign currency denominated monetary assets and liabilities, and international financing activities between subsidiaries. We rely primarily on natural offsets to address our exposures and may supplement this approach from time to time by entering into forward and option hedging contracts. As of September 27, 2025, we have no outstanding foreign currency hedging arrangements.

*Commodity Price Risk*

We are exposed to price risk for commodities used in manufacturing including steel, aluminum, copper, nickel, and semiconductors. Current macroeconomic and geopolitical factors, including commodity-based tariffs and export restrictions on critical materials such as rare earth minerals, may increase the risk of price volatility. We attempt to pass through significant changes in component and raw material costs to our customers based on the contractual terms of our arrangements. In limited situations, we may not be fully compensated for such changes in costs.

**Item 4. Controls and Procedures.**

***Evaluation of Disclosure Controls and Procedures***

We maintain a system of disclosure controls and procedures designed to give reasonable assurance that information required to be disclosed in our reports filed or submitted under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), is recorded, processed, summarized, and reported within the time periods specified in the rules and forms of the SEC and that such information is accumulated and communicated to management to allow timely decisions regarding required disclosures.

Management recognizes that any disclosure controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving their objectives. Because there are inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud have been or will be detected.

Our Chief Executive Officer and Chief Financial Officer, with the assistance of other members of our management, conducted an evaluation of the effectiveness of our disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) of the Exchange Act) as of the end of the period covered by this Quarterly Report. Based upon such evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that our disclosure controls and procedures are effective at a reasonable assurance level as of the end of the period covered by this Quarterly Report.

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

***Changes in Internal Controls Over Financial Reporting***

There was no change in our internal control over financial reporting that occurred during the quarter ended September 27, 2025 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

**PART II. Other Information**

**Item 1. Legal Proceedings.**

Refer to *Note 16. Commitments and Contingencies* to Unaudited Consolidated Financial Statements of this Quarterly Report for a discussion on legal proceedings.

**Item 1A. Risk Factors.** 

We face a variety of risks that are inherent in our business and our industry, including operational, legal and regulatory risks. Such risks could cause our actual results to differ materially from our forward-looking statements, expectations and historical trends. There have been no material changes to the risk factors described in our 2024 Annual Report on Form 10-K, except as reflected in the revised risk factors below.

<u>As Previously Disclosed in our Form 10-Q Filings for the periods ended March 29, 2025 and June 28, 2025</u>

***Enhanced tariff, import/export restrictions, or other trade barriers may have an adverse impact on global economic conditions.***

We are subject to certain laws and regulations affecting our international operations which, among other things, provide certain preferential duties and tariffs for qualifying imports subject to compliance with the applicable rules of origin, and other requirements. There have been, and continue to be, uncertainties with respect to the global economy and trade relations between the U.S. and other countries globally. Implementation of more restrictive trade policies or the renegotiation of existing U.S. trade agreements or trade agreements of other countries where we sell, procure, or manufacture large quantities of products and services or procure supplies and other materials incorporated into our products could negatively impact our business results of operations, cash flows, and financial condition. Tariffs, sanctions and other barriers to trade could adversely affect the business of our customers and suppliers, which could in turn negatively impact our net revenue and results of operations. In 2025, the Trump administration implemented or announced tariffs and other trade actions against countries where we manufacture, source, or sell goods including China, Vietnam, the European Union, the United Kingdom, Mexico, and Canada. Given these pronouncements, there is currently significant uncertainty about the future relationship between the U.S. and these countries with respect to trade policies, treaties, tariffs, and customs duties and taxes. If tariffs or duties are expanded, increased, or interpreted by a court or governmental agency to apply to more of our products, then our exposure on such imported products and components could be significant. Additionally, new trade or market access barriers could disrupt our operations. These impacts could have a material effect on our financial results. We and our distribution business suppliers import goods, components, and materials into the U.S. from certain of the regions where such tariffs may apply.

In addition, the U.S. federal government, as well as other governments including the United Kingdom and European Union, have imposed certain restrictions on the licensing, use and import, and export of certain surveillance, networking, telecommunications, and other equipment manufactured by certain of our suppliers based in China for our ADI Global Distribution segment, which may require us to find additional sources of end-user products and result in higher costs. We have in the past had inquiries from the U.S. federal government regarding these sales of certain Chinese made products in the U.S., which inquiries could impact our business reputation. We cannot predict the extent to which the U.S. or other countries will impose new or additional quotas, duties, tariffs, taxes, or other similar restrictions upon the import or export of our products in the future, nor can we predict future trade policy or the terms of any renegotiated trade agreements and their impact on our business. The continuing adoption or expansion of trade restrictions, the occurrence of a trade war, or other governmental action related to tariffs or trade agreements or policies has the potential to adversely impact demand for our products, our costs, our customers, our suppliers, and the U.S. economy, which in turn could have a material adverse effect on our business, operating results, and financial condition.

***We cannot provide any assurances that we will be successful in completing the proposed spin-off of ADI Global Distribution.***

We cannot predict the outcome of the process we have begun to pursue a tax-free spin-off of ADI Global Distribution. We cannot provide any assurances regarding the timeframe for completing the ADI Spin-Off, the allocation of assets and liabilities between Resideo and ADI Global Distribution, that the other conditions of the ADI Spin-Off will be met, or that the ADI Spin-Off will be completed at all. Furthermore, the ADI Spin-Off may present financial and operational risks, including (1) the diversion of management attention from existing core businesses, (2) adverse effects (the loss of existing

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

clients and the difficulties associated with securing new clients) from the announcement of the planned or potential activity, and (3) the challenges associated with separating personnel and financial and other systems.

***A spin-off of ADI Global Distribution could adversely affect our earnings and cash flows.***

ADI Global Distribution contributed 65% of our revenue and 34% of our operating income during the nine months ended September 27, 2025 as well as a significant portion of our cash flows. We have begun to pursue a tax-free spin-off of ADI Global Distribution. Although there can be no assurance that this process will result in a consummated transaction, any separation of all or a portion of ADI Global Distribution's business could adversely affect our earnings and cash flows.

**Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.**

***Issuer Purchases of Equity Securities***

During the three months ended September 27, 2025, we did not make any common share repurchases. As of September 27, 2025, we had approximately $108 million of authorized repurchases remaining under the Share Repurchase Program.

**Item 5. Other Information.** 

***Rule 10b5-1 Trading Arrangements***

During the three months ended September 27, 2025, no director or officer of the Company adopted, modified, or terminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement," as each term is defined in Item 408(a) of Regulation S-K.

------

<u>[**Table of Contents**](#id10b0b3c0a3d41b7b3686add4d712a43_4)</u>

**Item 6. Exhibits.**

The Exhibits listed below on the Exhibit Index are filed or incorporated by reference as part of this Quarterly Report.

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit<br>Number** | **Exhibit Description** |
| 4.1 | <u>[Seventh Supplemental Indenture dated September 30, 2025, to the Senior Notes Indenture, dated August 26, 2021, relating to the Issuer's 4.000% 2029 Notes (filed herewith](rezi-20250927x10qxexx41.htm)[)](rezi-20250927x10qxexx41.htm)</u> |
| 4.2 | <u>[Second Supplemental Indenture, dated September 30, 2025, to the Senior Notes Indenture, dated July 17, 2024, relating to the Issuer's 6.500% 2032 Senior Notes (filed herewith)](rezi-20250927x10qxexx42.htm)</u> |
| 10.1 | <u>[Termination Agreement, dated as of July 30, 2025, by and among Honeywell International Inc., Resideo Technologies, Inc., Resideo Intermediate Holding Inc. and the guarantors party thereto and identified on the signature pages thereto (incorporated by reference to Exhibit 10.1 to](https://www.sec.gov/Archives/edgar/data/1740332/000119312525168649/d936632dex101.htm)[Resideo](https://www.sec.gov/Archives/edgar/data/1740332/000119312525168649/d936632dex101.htm)['](https://www.sec.gov/Archives/edgar/data/1740332/000119312525168649/d936632dex101.htm)[s](https://www.sec.gov/Archives/edgar/data/1740332/000119312525168649/d936632dex101.htm)[Current Report on Form 8-K filed on July 30, 2025, File No. 001-38635)](https://www.sec.gov/Archives/edgar/data/1740332/000119312525168649/d936632dex101.htm)</u> |
| 10.2 | <u>[Resideo Technologies, Inc. Severance Plan For Designated Officers as amended on July 31, 2025](https://www.sec.gov/Archives/edgar/data/1740332/000174033225000024/rezi-20250628x10qxexx102.htm)[‡](https://www.sec.gov/Archives/edgar/data/1740332/000174033225000024/rezi-20250628x10qxexx102.htm)[(incorporated by reference to Exhibit 10.2 to Resideo's Form 10-Q filed on August 5, 2025, File No. 001-38635)](https://www.sec.gov/Archives/edgar/data/1740332/000174033225000024/rezi-20250628x10qxexx102.htm)</u> |
| 10.3 | <u>[Amendment to Stock Option Agreement with Jay Geldmacher dated July 31, 2025](https://www.sec.gov/Archives/edgar/data/1740332/000174033225000024/rezi-20250628x10qxexx103.htm)[‡](https://www.sec.gov/Archives/edgar/data/1740332/000174033225000024/rezi-20250628x10qxexx103.htm)[(incorporated by reference to Exhibit 10.3 to Resideo's Form 10-Q filed on August 5, 2025, File No. 001-38635)](https://www.sec.gov/Archives/edgar/data/1740332/000174033225000024/rezi-20250628x10qxexx103.htm)</u> |
| 10.4 | <u>[Sixth Amendment to Amended and Restated Credit Agreement, dated as of August 13, 2025, among Resideo Technologies, Inc., a Delaware corporation, Resideo Holding Inc., a Delaware corporation, Resideo Intermediate Holding Inc., a Delaware corporation, Resideo Funding Inc., a Delaware corporation, the lenders and issuing banks party thereto and JPMorgan Chase Bank, N.A., as administrative agent](https://www.sec.gov/Archives/edgar/data/1740332/000119312525180358/d77968dex101.htm)[(incorporated by reference to Exhibit 10.1 to Resideo](https://www.sec.gov/Archives/edgar/data/1740332/000119312525180358/d77968dex101.htm)['](https://www.sec.gov/Archives/edgar/data/1740332/000119312525180358/d77968dex101.htm)[s](https://www.sec.gov/Archives/edgar/data/1740332/000119312525180358/d77968dex101.htm)[Current Report on Form 8-K filed on](https://www.sec.gov/Archives/edgar/data/1740332/000119312525180358/d77968dex101.htm)[August 14](https://www.sec.gov/Archives/edgar/data/1740332/000119312525180358/d77968dex101.htm)[, 2025, File No](https://www.sec.gov/Archives/edgar/data/1740332/000119312525180358/d77968dex101.htm)[. 001-38635)](https://www.sec.gov/Archives/edgar/data/1740332/000119312525180358/d77968dex101.htm)</u> |
| 31.1 | <u>[Certification of Principal Executive Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith)](rezi-20250927x10qxexx311.htm)</u>  |
| 31.2 | <u>[Certification of Principal Financial Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith)](rezi-20250927x10qxexx312.htm)</u> |
| 32.1 | <u>[Certification of Principal Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (filed herewith)](rezi-20250927x10qxexx321.htm)</u>  |
| 32.2 | <u>[Certification of Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (filed herewith)](rezi-20250927x10qxexx322.htm)</u> |
| 101.INS | Inline XBRL Instance Document (filed herewith) |
| 101.SCH | Inline XBRL Taxonomy Extension Schema (filed herewith) |
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase (filed herewith) |
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase (filed herewith) |
| 101.LAB | Inline XBRL Taxonomy Extension Label Linkbase (filed herewith) |
| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase (filed herewith) |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) |

---

‡ Indicates management contracts or compensatory plans or arrangements.

------

**Signatures**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

---

| | | |
|:---|:---|:---|
| | Resideo Technologies, Inc. | Resideo Technologies, Inc. |
| Date: November 5, 2025 | By: | /s/ Michael Carlet |
|  |  | Michael Carlet<br>Executive Vice President and Chief Financial Officer<br>(Principal Financial Officer) |
| Date: November 5, 2025 | By: | /s/ Jeffrey Kutz |
|  |  | Jeffrey Kutz<br>Senior Vice President and Chief Accounting Officer<br>(Principal Accounting Officer) |

---

## Exhibit 4.1

**Exhibit 4.1**

SEVENTH SUPPLEMENTAL INDENTURE<br>

Seventh Supplemental Indenture (this "*Supplemental Indenture*"), dated as of September 30, 2025, among Resideo Overseas, LLC, a Delaware limited liability company (the "*Guaranteeing Subsidiary*"), Resideo Funding Inc. (the "*Issuer*"), and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association), as trustee (the "*Trustee*"). The Guaranteeing Subsidiary is a subsidiary of Resideo Technologies, Inc., one of the Guarantors (as defined in the Indenture referred to below) and the parent company of the Issuer.

W I T N E S S E T H

WHEREAS, each of the Issuer and the Guarantors (as defined in the Indenture referred to below) has heretofore executed and delivered to the Trustee an indenture, dated as of August 26, 2021 (as supplemented by the First Supplemental Indenture thereto, dated as of April 1, 2022, the Second Supplemental Indenture thereto, dated as of May 19, 2022, the Third Supplemental Indenture thereto, dated as of September 26, 2022, the Fourth Supplemental Indenture thereto, dated as of April 11, 2023, the Fifth Supplemental Indenture thereto, dated as of July 17, 2024, and the Sixth Supplemental Indenture thereto, dated as of December 20, 2024, the "*Indenture*"), providing for the issuance of an unlimited aggregate principal amount of 4.000% Senior Notes due 2029 (the "*Notes*");

WHEREAS, the Indenture provides that under certain circumstances a Guaranteeing Subsidiary shall execute and deliver to the Trustee a supplemental indenture pursuant to which such Guaranteeing Subsidiary shall unconditionally Guarantee all of the Issuer's Obligations under the Notes and the Indenture on the terms and conditions set forth herein and under the Indenture; and

WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture.

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties mutually covenant and agree for the equal and ratable benefit of the Holders as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;<u>Capitalized Terms</u>. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;<u>Guarantor</u>. The Guaranteeing Subsidiary hereby agrees to be a Guarantor under the Indenture and to be bound by the terms of the Indenture applicable to Guarantors, including Article 11 thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;<u>Governing Law</u>. THIS SUPPLEMENTAL INDENTURE WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp;<u>Waiver of Jury Trial</u>. EACH OF THE GUARANTEEING SUBSIDIARY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE, THE INDENTURE, THE NOTES, THE NOTE GUARANTEES OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp;<u>Counterparts; Electronic Delivery</u>. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or portable document format ("*PDF*") transmission shall constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes. The words "execution," "signed," "signature," "delivery" and words of like import in or relating to this Supplemental Indenture or any document to be signed in connection with this Supplemental Indenture shall be deemed to include electronic signatures, deliveries or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be, and the parties hereto consent to conduct the transactions contemplated hereunder by electronic means.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;&nbsp;&nbsp;&nbsp;<u>Headings</u>. The headings of the Sections of this Supplemental Indenture have been inserted for convenience of reference only, are not to be considered a part of this Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof.

[signature pages follow]

------

IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed, all as of the date first above written.

<br>**Guaranteeing Subsidiary:**<br>

---

| | |
|:---|:---|
| RESIDEO OVERSEAS, LLC | RESIDEO OVERSEAS, LLC |
| By:  | /s/ Ian Schlegel |
|  | Name: Ian Schlegel |
|  | Title: Treasurer |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Issuer:**

<br> ---

| | |
|:---|:---|
| <br>RESIDEO FUNDING INC. | <br>RESIDEO FUNDING INC. |
| By: | /s/ Jeannine Lane |
|  | Name: Jeannine Lane |
|  | Title: President and Secretary |

---

[Signature Page to Seventh Supplemental Indenture]

------

---

| | |
|:---|:---|
| U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee | U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee |
| By:  | /s/ Michael K. Herberger |
|  | Name: Michael K. Herberger |
|  | Title: Vice President |

---

[Signature Page to Seventh Supplemental Indenture]

## Exhibit 4.2

**Exhibit 4.2**

SECOND SUPPLEMENTAL INDENTURE<br>

Second Supplemental Indenture (this "*Supplemental Indenture*"), dated as of September 30, 2025, among Resideo Overseas, LLC, a Delaware limited liability company (the "*Guaranteeing Subsidiary*"), a subsidiary of Resideo Technologies Inc., a Delaware corporation (the "*Issuer*"), Resideo Funding Inc. (the "*Issuer*"), and U.S. Bank Trust Company, National Association, as trustee (the "*Trustee*").

W I T N E S S E T H

WHEREAS, each of the Issuer and the Guarantors (as defined in the Indenture referred to below) has heretofore executed and delivered to the Trustee an indenture, dated as of July 17, 2024 (as supplemented by the First Supplemental Indenture thereto, dated as of December 20, 2024, the "*Indenture*"), providing for the issuance of an unlimited aggregate principal amount of 6.500% Senior Notes due 2032 (the "*Notes*");

WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiary shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally Guarantee all of the Issuer's Obligations under the Notes and the Indenture on the terms and conditions set forth herein and under the Indenture; and

WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture.

NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties mutually covenant and agree for the equal and ratable benefit of the Holders as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;<u>Capitalized Terms</u>. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;<u>Guarantor</u>. The Guaranteeing Subsidiary hereby agrees to be a Guarantor under the Indenture and to be bound by the terms of the Indenture applicable to Guarantors, including Article 11 thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;<u>Governing Law</u>. THIS SUPPLEMENTAL INDENTURE WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp;<u>Waiver of Jury Trial</u>. EACH OF THE GUARANTEEING SUBSIDIARY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE, THE INDENTURE, THE NOTES, THE NOTE GUARANTEES OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp;<u>Counterparts; Electronic Delivery</u>. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or portable document format ("*PDF*") transmission shall constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes. The words "execution," "signed," "signature," "delivery" and words of like import in or relating to this Supplemental Indenture or any document to be signed in connection with this Supplemental Indenture shall be deemed to include electronic signatures, deliveries or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be, and the parties hereto consent to conduct the transactions contemplated hereunder by electronic means.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;&nbsp;&nbsp;&nbsp;<u>Headings</u>. The headings of the Sections of this Supplemental Indenture have been inserted for convenience of reference only, are not to be considered a part of this Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof.

[signature page follows]

------

IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed, all as of the date first above written.

<br>**Guaranteeing Subsidiary:**<br>

---

| | |
|:---|:---|
| RESIDEO OVERSEAS, LLC | RESIDEO OVERSEAS, LLC |
| By:  | /s/ Ian Schlegel |
|  | Name: Ian Schlegel |
|  | Title: Treasurer |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Issuer:**

<br> ---

| | |
|:---|:---|
| <br>RESIDEO FUNDING INC. | <br>RESIDEO FUNDING INC. |
| By: | /s/ Jeannine Lane |
|  | Name: Jeannine Lane |
|  | Title: President and Secretary |

---

[Signature Page to Second Supplemental Indenture]

------

---

| | |
|:---|:---|
| U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee | U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee |
| By:  | /s/ Michael K. Herberger |
|  | Name: Michael K. Herberger |
|  | Title: Vice President |

---

[Signature Page to Second Supplemental Indenture]

## Exhibit 31.1

**Exhibit 31.1**

**CERTIFICATION PURSUANT TO**

**SECTION 302**

**OF THE SARBANES-OXLEY ACT OF 2002**

I, Jay Geldmacher, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Resideo Technologies, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b)designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c)evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d)disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b)any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

---

| | | |
|:---|:---|:---|
| Date: November 5, 2025 | By: | /s/ Jay Geldmacher |
|  |  | Jay Geldmacher |
|  |  | President and Chief Executive Officer |

---

## Exhibit 31.2

**Exhibit 31.2**

**CERTIFICATION PURSUANT TO**

**SECTION 302**

**OF THE SARBANES-OXLEY ACT OF 2002**

I, Michael Carlet, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Resideo Technologies, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b)designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c)evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d)disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

---

| | | |
|:---|:---|:---|
| Date: November 5, 2025 | By: | /s/ Michael Carlet |
|  |  | Michael Carlet |
|  |  | Executive Vice President and Chief Financial Officer |

---

## Exhibit 32.1

**Exhibit 32.1**

**CERTIFICATION PURSUANT TO**

**18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO**

**SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002**

In connection with the Quarterly Report of Resideo Technologies, Inc. (the Company) on Form 10-Q for the period ended September 27, 2025 as filed with the Securities and Exchange Commission on the date hereof (the Report), I, Jay Geldmacher, President and Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

---

| | | |
|:---|:---|:---|
| Date: November 5, 2025 | By: | /s/ Jay Geldmacher |
|  |  | Jay Geldmacher |
|  |  | President and Chief Executive Officer |

---

## Exhibit 32.2

**Exhibit 32.2**

**CERTIFICATION PURSUANT TO**

**18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO**

**SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002**

In connection with the Quarterly Report of Resideo Technologies, Inc. (the Company) on Form 10-Q for the period ended September 27, 2025 as filed with the Securities and Exchange Commission on the date hereof (the Report), I, Michael Carlet, Executive Vice President and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

---

| | | |
|:---|:---|:---|
| Date: November 5, 2025 | By: | /s/ Michael Carlet |
|  |  | Michael Carlet |
|  |  | Executive Vice President and Chief Financial Officer |

---

<br>