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  "documentTitle": "Resideo Technologies, Inc. (REZI)",
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  "presentationDate": "2026-01-27 00:00:00",
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      "text": "We believe that REZI's pre-tax income in the YTD 2025 period is inflated by 8-12% by making overly aggressive assumptions about the average customer life from the Snap One transaction.",
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      "text": "1) Adjusted for incremental expense of the Honeywell Indemnification Agreement termination of $837m. Source: REZI SEC filings and Spruce Point analysis.",
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