Resideo charts post‑spin‑off growth strategy at Investor Day

Resideo Technologies held an Investor Day at the New York Stock Exchange, announcing its plan ahead of the spin‑off of ADI Global Distribution. Incoming CEO Tom Surran said the company will operate as a pure‑play building‑technologies firm focused on residential sensing and control products.

The strategy targets a $40 billion addressable market, leveraging an installed base of over 150 million locations and a network of more than 100,000 professional installers. Financial goals include 4‑5% annual revenue growth, gross‑margin expansion of about 400 basis points to 43‑45%, and adjusted EBITDA margin of 23‑25% by 2030, alongside geographic expansion and new product development.