Tag: Jay Geldmacher

SCOTTSDALE, Ariz. – Commercial and residential distributor of security and audio-visual products Resideo presented a positive first quarter earnings call with modest gains. Quarter highlights include a net revenue of $1.62 billion, up 8 percent from $1.5 billion in the third quarter 2021. Other financial indicators were also positive although the failed to reach the same heights as previous quarters with a gross profit margin of 26.6 percent, compared to 28.1 percent in the prior year comparable...

SCOTTSDALE, Ariz. – Resideo Technologies, Inc. has announced the completion of its acquisition of BTX Technologies, Inc., a privately held distributor. Based in Hawthorne, N.Y., and founded in 1967, BTX is described as a leading distributor of professional audio, video, and data communications and broadcast equipment. BTX additionally offers a private brand portfolio, including the BookIT Room Scheduling Solution, which holds several patents for connectivity products and provides manufacturing...

SCOTTSDALE, Ariz.—Resideo Technologies, Inc., a global provider of home comfort and security solutions and distributor of commercial and residential security and audio-visual products, has announced Q3 financial results ending Oct. 1, 2022. Among the Q3 2022 highlights were: Net revenue of $1.62 billion, up 8 percent from $1.5 billion in the third quarter 2021 Gross profit margin of 26.6 percent, compared to 28.1 percent in the prior year comparable period Operating...

AUSTIN, Texas—As the result of a comprehensive search process, Resideo Technologies, Inc. appointed Jay Geldmacher as president and CEO, and a member of the board of directors, effective May 28. Geldmacher succeeds Mike Nefkens, who announced company departure in Dec. 2019. “Jay is the ideal CEO to lead Resideo forward,” Roger Fradin, chairman of the board, Resideo, said in the announcement. “Jay has a long history of operational excellence while delivering profitable growth and value...