ADI's landmark acquisition of Snap One earlier this year continued to drive major annual sales gains, while organic also improved.
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The distributor’s recent acquisition of Snap One accounted for $45 million of the company’s 2Q sales of $959 million.
Ahead of Resideo's major acquisition of Snap One that will signficantly expand ADI, the unit saw 1Q volume declines in several categories.
Snap One - a manufacturer and distributor of of smart-living products and services - will be integrated into Resideo's ADI Global Distribution unit.
Distributors have the data they need and the ambition to use it. What’s the holdup? Hear from two major distributor executives who use data to make a difference.
Meanwhile, gross margin at Resideo's manufacturing business unit saw solid improvement during 4Q23.
XTEN-AV provides a collaborative software platform for integrators to conceptualize designs and streamline proposal processes.
The company says the facility will optimize supply chain operations, enhance customer service and provide capacity for continued growth.
ADI Global's parent company Resideo says it expects market conditions to limit sales expansion opportunities in the back half of 2023
Resideo's Louisville facility houses employees in its ADI Global Distribution and Products & Solutions businesses.
Parent company Resideo Technologies noted that ADI's eCommerce channel grew 17% during the quarter.
BTX is the sixth acquisition since 2020 for Resideo's Distribution business.
Distribution Solutions Group had its inaugural earnings report following the April 1 merger of Lawson Products, TestEquity and Gexpro Services.
Just miles from its previous headquarters, the new center will ‘foster innovation and encourage a collaborative work environment,’ ADI says.
The wholesale distributor says it will unify its Pro AV products distribution offering under the ADI Global Distribution brand.
The global provider of security solutions and security and audio-visual products announced it has acquired the California-based company.
Resideo’s net income for the second quarter was $58 million compared to a net loss of $76 million in the second quarter a year ago.
