ADI GLOBAL DISTRIBUTION INC. 8K

ADI Global Distribution Inc. reported second quarter 2026 financial results and, following its August 3, 2026 spin-off from Resideo, initiated standalone 2026 guidance and detailed its capital structure and strategy as a newly independent NYSE-listed company.

ADI Global Distribution Inc. reported record second quarter 2026 net revenue of $1,286 million and a return to profitability with $6 million of net income, while also announcing that it completed its spin-off from Resideo Technologies, Inc. and commenced trading as an independent company on the NYSE under the ticker ADIG on August 4, 2026. The company’s results, which were still prepared on a carve-out basis from Resideo for the quarter ended July 4, 2026, reflected modest 1% year-over-year revenue growth, a 50-basis-point expansion in gross margin to 22.7% aided by approximately $20 million of tariff refunds, but lower income from operations and adjusted EBITDA versus the prior year due to higher selling, general and administrative expenses and transaction costs related to the spin-off. Following completion of the separation on August 3, 2026, ADI outlined a capital structure with approximately $150 million of cash and a $500 million undrawn revolving credit facility, and communicated plans to use expected consistent cash flow to reduce leverage over time while retaining flexibility for organic investments and tuck-in acquisitions. Management initiated a standalone outlook for the second half and full year 2026, guiding to full-year net revenue of $4,950–$5,000 million and non-GAAP Adjusted Standalone EBITDA of $275–$295 million, and scheduled an investor conference call and webcast on August 13, 2026 to discuss these results and its strategic priorities as a newly independent public company.

Filing Facts

CIK

2105139

Ticker

-

Form

8K

Source Type

sec

Accession

0001628280-26-056469

Alert Tier

8