Resideo Technologies, Inc.

Hello, everyone. Thank you for joining us and welcome to the Resideo second quarter 2026 earnings conference call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star one to raise your hand. To withdraw your question, press star one again. I will now hand the conference over to Chris Lee, Global Head of Strategic Finance. Please go ahead.

Thank you and good afternoon, everyone. Thank you for joining us for Resideo's second quarter 2026 earnings call. Joining me on today's call is Tom Surran, Resideo's chief executive officer. We would like to remind you that this afternoon's call contains forward-looking statements. Statements other than historical facts made during this call may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Residio's filings with the Securities and Exchange Commission. The company assumes no obligation to update any such forward-looking statements. We identify the principal risks and uncertainties that affect our performance in our annual report on Form 10-K and other SEC filings. In addition, we will discuss non-GAAP financial measures on today's call. These non-GAAP financial measures, which can sometimes be identified by the use of adjusted and the description of the measure, should be considered in addition to, not as a substitute for, or in isolation from, our GAAP results. A reconciliation of GAAP to non-GAAP financial measures is included in the Financial Data Workbook, which is accessible on the Investor Relations page of our website at investor.residio.com. Unless stated otherwise, all numbers and results discussed on today's call, other than revenue, are on a non-GAAP basis. With that, I will turn the call over to Tom.

Thank you, Chris, and thanks to everyone for joining us today. Before I speak about the quarter, The entire team would like to thank Jay Geldmacher for his service as CEO over the last six years. During his tenure, Jay applied his operational and technical expertise to help Resideo to get where we are today, both strategically and operationally. Jay led us through two major acquisitions, the recent spin, and provided a steady hand through a dynamic market condition. Jay's interactions with customers, partners, and employees have created a tremendous company culture and strong, enduring relationships that will benefit Resideo for a long time. Also, earlier today, we announced Shane Harrison as Resideo's next CFO. I had the opportunity to work with Shane during our time together at Clear, so I know firsthand the kind of leader we are bringing into Resideo. Shane is highly capable, dedicated, and execution-oriented. He consistently took on challenging assignments, delivered exceptional results, and was a major contributor to FLIR's success. He combined strong financial and strategic capabilities with sound judgment, a willingness to dig into details, and a focus on getting things done. I also know him to be a person of high integrity and someone who works extremely well with others. Shane will be joining us on September 1st. As you were aware, we completed the ADI global distribution spinoff on August 3rd. As in prior releases, our discussion of the second quarter results, however, will be at times on a consolidated basis as the products and solutions and ADI business segments both operated under Resideo in the second fiscal quarter of 2026. As usual, we will also discuss the results of each segment on a segmented accounting basis. As has been the case in the past, these segmented results do not include a full allocation of corporate costs borne by the business as a whole. Finally, there is also information in our earnings material that refers to Resideo's standalone results, which are presented as if the ADI spinoff was completed on January 1, 2026, and include adjustment to certain financial line items to reflect management's estimates of what our results would have been. We have provided a bridge from P&S segmented results to Residio's standalone results in our earnings release. Starting with our third quarter financial statements, we will classify ADI as discontinued operations for that quarter and all prior periods. I will discuss Residio's consolidated second quarter results before I hand the call over to Chris to speak about the balance sheet Ashlow, and ADI. Chris will then hand the call back to me to speak about the products and solutions segment results and Residio's 2026 standalone outlook. In the second quarter, we were pleased with the continued execution demonstrated by the entire team as we exceeded the high end of the second quarter outlook ranges for all metrics, both the consolidated and business segment levels. Total revenue grew 2% year-over-year to just under $2 billion, a new quarterly record. Total adjusted EBITDA grew 19% year-over-year to $249 million, another new quarterly record. Adjusted EBITDA includes the favorable impact of $27 million of tariff refunds during the quarter primarily received by ADI. Total adjusted earnings per share grew 26% year-over-year to 83 cents. Overall, we are pleased with both the top and bottom line performance for Resideo in the second quarter. Now let me hand the call over to Chris to discuss the balance sheet, cash flow, and ADI.