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  "documentTitle": "Resideo Technologies, Inc. (REZI)",
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  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2026-01-27 00:00:00",
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      "text": "Our analysis indicates that First Alert revenue may be challenged in the near term by abnormal retail performance and reliance on one product introduction, which may create difficult comparisons.",
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      "text": "Our analysis indicates that First Alert revenue may be challenged in the near term by abnormal retail performance and reliance on one product introduction, which may create difficult comparisons.",
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      "text": "So there's a couple of things about the First Alert business. It is a little bit seasonal. So Q1 is typically the lowest quarter. And we did have some softness in retail and particularly early in the quarter. — REZI earnings conference calls",
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      "text": "Source: REZI earnings conference calls. 1) Lowes Q3 results (Nov 2025) and Home Depot Establishes Preliminary FY 2026 outlook (Dec 2025).",
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      "text": "REZI's Recent First Alert Commentary timeline table",
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      "text": "First Alert Revenue May Face Difficult Comps, Come Under Pressure In 2026",
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