Resideo Technologies Inc. 2025年季度报告

FORM10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period endedMarch29, 2025or☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from ______ to _____ Resideo Technologies, Inc. (Exact name of registrant as specified in its charter) 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 April28, 2025 was148,503,534shares. Resideo Technologies, Inc.Consolidated Balance Sheets Resideo Technologies, Inc.Consolidated Statements of Operations Resideo Technologies, Inc.Consolidated Statements of Comprehensive Income (Loss) Resideo Technologies, Inc.Notes to Consolidated Financial Statements 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 oftechnology-driven sensing and controls products and solutions that help homeowners and businesses stay connected and in control oftheir comfort, security, energy use, and smart living. We are a leader in key product markets including home heating, ventilation, andair conditioning controls; smoke and carbon monoxide detection home safety and fire suppression products; and security. Our global Basis of Consolidation and Reporting The accompanying Unaudited Consolidated Financial Statements have been prepared in accordance with United States (“U.S.”)generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q andArticle 10 of Regulation S-X. Accordingly, the Unaudited Consolidated Financial Statements do not include all of the information andnotes required by GAAP for complete financial statements. In the opinion of management, the Unaudited Consolidated Financial For additional information, refer to the Consolidated Financial Statements and notes thereto included in our Annual Report on Form10-K for the fiscal year ended December31, 2024 (the “2024 Annual Report on Form 10-K”), filed with the United States Securities Reporting Period We report financial information on a fiscal quarter basis using a modified four-four-five week calendar. Our fiscal calendar begins onJanuary 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 Reclassification For the purpose of comparability, certain prior period amounts have been reclassified to conform to current period classification. Note 2.Summary of Significant Accounting Policies Our significant accounting policies are detailed inNote 2. Summary of Significant Accounting Policiesof the Annual Report on Form10-K for the year ended December31, 2024. There have been no significant changes to these policies that have had a material impact We consider the applicability and impact of all recent accounting standards updates (“ASUs”) issued by the Financial AccountingStandards Board (“FASB”). ASUs not listed below were assessed and determined to be either not applicable or are expected to have an In November 2024, the FASB issued ASU 2024-03,Income Statement—Reporting Comprehensive Income—Expense DisaggregationDisclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. This ASU requires entities to disaggregate operatingexpenses into specific categories, such as purchases of inventory, employee compensation, depreciation, and amortization to provideenhanced transparency into the nature and function of expenses. The guidance is effective for annual reporting years beginning after Table of Contents Resideo Technologies, Inc.Notes to Consolidated Financial Statements December 15, 2027. We are currently assessing the impact of adoption to our Consolidated Financial Statements and relateddisclosures. In December 2023, the FASB issued ASU 2023-09,Income Taxes (Topic 740): Improvements to Income Tax Disclosures, whichincludes amendments that further enhance income tax disclosures, primarily through standardization and disaggregation of ratereconciliation categories and income taxes paid by jurisdiction. ASU 2023-09 is effective for our fiscal year ending December 31, Note 3.Acquisitions On June 14, 2024, we acquired100% of the issued and outstanding equity of Snap One Holdings Corp. (“Snap One”), a leadingprovider of smart-living products, services, and software to professional integrators, for an aggregate purchase price of $1.4billion. The following table presents the preliminary purchase price allocation at fair values as of the date of acquisition. The valuation wascompleted, however, purchase price allocations may be subject to future adjustments for acquired working capital balances and incometax assets and liabilities w