Snap One Holdings Corp

Snap One Holdings Corp. provides products and support to its professional integrator-customers that enable them to deliver technology solutions to their residential and small business end users. Its product offering consists of both proprietary and third-party products in such categories as home automation, networking, audio, video, remote management, and lighting as well as infrastructure products such as racks, mounts, and cables. The company was founded on June 14, 2017 and is headquartered in Charlotte, NC.

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Snap One Holdings Corp surpasses FY 2022 targets amidst market challenges

Snap One Holdings Corp exceeded FY 2022 guidance with strong net sales and adjusted EBITDA. The company faces challenges in the residential market and international markets but is taking actions to address them. Opportunities lie in margin expansion, new initiatives, and strategic growth strategies.

Snap One Holdings Corp reports resilient Q1 performance and optimistic outlook

Snap One Holdings Corp's Q1 2023 performance showcased resilience amid challenges, driven by strong leadership and strategic focus. The company's integrators play a key role in maintaining demand and backlog levels, providing a positive outlook for future growth.

Snap One Holdings Corp reports strong Q2 performance and reaffirms outlook

Snap One's Q2 performance reflects solid net sales and adjusted EBITDA, driven by successful product launches and strategic initiatives.
While facing challenges like channel inventory destocking, Snap One remains focused on margin expansion and reaffirms its full-year outlook.
Opportunities lie in capitalizing on recent successes, expanding margins, and optimizing customer interactions for sustained growth.

Snap One Holdings Corp reports steady Q3 performance and plans new service offerings for growth

Snap One Holdings Corp's Q3 2023 performance reflects resilience and strategic focus on innovation, service excellence, and financial stability.
While facing challenges in market dynamics and workforce adjustments, the company remains optimistic about achieving its 2023 financial targets.
With a strong product portfolio, service enhancements, and planned new offerings, Snap One is well-positioned to capitalize on market opportunities and drive sustainable growth.

Snap One Holdings Corp reports strong 2023 performance and eyes growth opportunities in 2024

Snap One Holdings Corp delivered strong financial performance in 2023, with adjusted EBITDA of $117.2 million and an expanded operating margin of 11%. The company launched new products and received industry awards for innovation.
While facing challenges such as a decrease in net sales, Snap One is focused on improving cost activity and operational efficiency. The company sees opportunities in subscriber growth, revenue projections, and margin expansion through strategic initiatives.
Overall, Snap One is well-positioned for growth in 2024, with guidance indicating expectations of increased net sales and adjusted EBITDA. The company's focus on product adoption, pricing strategy, and cost efficiency sets the stage for future success.

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Snap One Holdings Corp. engages in the business of distributing smart living technology. The firm is also involved in designing, manufacturing, and distributing smart solutions for homes and businesses to make life better, all installed and supported by trusted professional. The company was founded in 2005 and is headquartered in Charlotte, NC.

Resideo Technologies Inc

Expands Presence in Smart Living Products and Distribution Enhances Resideo's growth and margin profile and accretive to non-GAAP Adjusted EPS in first full year of ownership Welcomes Nate Sleeper and John Stroup of Clayton, Dubilier & Rice LLC to Board of Directors SCOTTSDALE, Ariz, June 14, 2024 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI), a leading global manufacturer and distributor of technology-driven products and solutions that provide home comfort, security, life safety and energy efficiency to consumers, today announced that it has completed the acquisition of Snap One (Nasdaq: SNPO), a leading provider of smart-living products, services, and software to professional integrators. Resideo will integrate Snap One into its ADI Global Distribution segment.

Resideo Completes Acquisition of Snap One

CHARLOTTE, N.C., June 14, 2024 (GLOBE NEWSWIRE) -- Snap One Holdings Corp. (the “Company” or “Snap One”) (Nasdaq: SNPO) is pleased to announce that its acquisition by Resideo Technologies, Inc., a Delaware corporation (“Resideo”), was completed today. The acquisition was effectuated by the merger (the “Merger”) of a wholly-owned subsidiary of Resideo with and into the Company, with the Company surviving the Merger and becoming a wholly-owned subsidiary of Resideo.

Snap One Announces Completion of Acquisition by Resideo

CHARLOTTE, N.C., June 07, 2024 (GLOBE NEWSWIRE) -- Snap One Holdings Corp. (the “Company” or “Snap One”) (Nasdaq: SNPO) intends to suspend trading of its common stock, par value $0.01 per share (the “Common Stock”), from The Nasdaq Stock Market (“Nasdaq”) in connection with the closing of the acquisition of the Company by Resideo Technologies, Inc., a Delaware corporation (“Resideo”), which will be effected by the merger (the “Merger”) of a wholly-owned subsidiary of Resideo with and into the Company, with the Company surviving the Merger and becoming a wholly-subsidiary of Resideo. The Merger is expected to close on June 14, 2024, subject to the satisfaction of customary closing conditions.

Snap One to Suspend Trading of Common Stock upon Completion of Merger with Resideo

While the top- and bottom-line numbers for Snap One (SNPO) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Snap One (SNPO) Q1 Earnings: A Look at Key Metrics

CHARLOTTE, N.C., May 07, 2024 (GLOBE NEWSWIRE) --   Snap One Holdings Corp. (Nasdaq: SNPO) (“Snap One,” the “Company,” “we,” or “our”), a provider of smart-living products, services, and software to professional integrators, reported financial results for the fiscal first quarter ended March 29, 2024.

Snap One Reports Fiscal First Quarter 2024 Results

CHARLOTTE, N.C., April 23, 2024 (GLOBE NEWSWIRE) -- Snap One Holdings Corp. (Nasdaq: SNPO) (“Snap One” or the “Company”), an industry-leading provider of smart-living technology for professionals and consumers, will issue its financial results for the fiscal first quarter ended March 29, 2024 via press release after market close on Tuesday, May 7, 2024.

Snap One Holdings Corp. to Report Fiscal First Quarter 2024 Financial Results on Tuesday, May 7, 2024

A suitor has agreed to pay a chunky premium to acquire the smart home specialist. The acquirer touted the synergies between the two businesses.

Why Snap One Holdings Stock Was Crushing It This Week

Smart home firm Resideo announced an agreement to buy industry peer Snap One in a deal worth $1.4 billion.

Smart-Home Firm Resideo To Buy Snap One, Adding To Tech Portfolio

Snap One (NASDAQ: SNPO ) stock is rising higher on Monday after the smart-living products company reached an agreement with Resideo (NYSE: REZI ) for an acquisition. A news release announcing the deal notes that Resideo is acquiring Snap One for $1.4 billion, including debt.

Why Is Snap One (SNPO) Stock Up 30% Today?

MILWAUKEE , April 15, 2024 /PRNewswire/ -- Ademi LLP is investigating Snap One (Nasdaq: SNPO) for possible breaches of fiduciary duty and other violations of law in its transaction with Resideo. Click here to learn how to join the https://www.ademilaw.com/case/snap-one-holdings-corp or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether Snap One Holdings Corp. has obtained a Fair Price in its transaction with Resideo

Creates strong position in security, audio visual, and smart living technology distribution for residential and commercial markets Highly complementary capabilities offer professional integrators an expanded selection of proprietary products, extensive third-party supplier relationships, and proven omni-channel reach Enhances Resideo's growth and margin profile and accretive to non-GAAP EPS in first full year of ownership Identified expected annual run-rate business and financial synergies of $75 million by year three $500 million perpetual convertible preferred equity investment from CD&R SCOTTSDALE, Ariz. and CHARLOTTE, N.C.

Resideo to Acquire Snap One to Expand Presence in Smart Living Products and Distribution

Snap One Holdings Corp. (NASDAQ:SNPO) Q4 2023 Earnings Conference Call March 7, 2024 4:30 PM ET

Snap One Holdings Corp. (SNPO) Q4 2023 Earnings Call Transcript

The headline numbers for Snap One Holdings Corp. (SNPO) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Snap One Holdings Corp. (SNPO) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

Snap One Holdings Corp. (SNPO) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.14 per share a year ago.

Snap One Holdings Corp. (SNPO) Q4 Earnings Top Estimates

Continued Industry Leadership Marked by Launch of Control4 Connect and Control4 Assist and Numerous Achievements Across Product Suite and Growth Verticals

Snap One Reports Fiscal Fourth Quarter and Full Year 2023 Results

CHARLOTTE, N.C. , Feb. 26, 2024 (GLOBE NEWSWIRE) -- Snap One Holdings Corp. (Nasdaq: SNPO) (“Snap One” or the “Company”), a provider of smart living products, services, and software to professional integrators, will hold a conference call on Thursday, March 7, 2024 at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the fiscal fourth quarter and full year ended December 29, 2023. Financial results will be issued in a press release prior to the call.

Snap One Holdings Corp. to Report Fiscal Fourth Quarter and Full Year 2023 Financial Results on Thursday, March 7, 2024 at 4:30 p.m. ET

New manufacturer-backed software and support services ensure customers are supported, Partners are compensated, and systems are optimized New manufacturer-backed software and support services ensure customers are supported, Partners are compensated, and systems are optimized

Snap One Launches Control4 Connect & Control4 Assist to Elevate the Customer Experience and Create New Recurring Revenue Opportunities for Partners

Snap One Holdings Corp. (NASDAQ:SNPO ) Q3 2023 Earnings Conference Call November 7, 2023 4:30 PM ET Company Participants Eric Steele - Senior Vice President, Finance John Heyman - Chief Executive Officer Mike Carlet - Chief Financial Officer Conference Call Participants Erik Woodring - Morgan Stanley Christopher Snyder - UBS Adam Tindle - Raymond James Keith Hughes - Truist Operator Good afternoon, and welcome to Snap One Holdings Corp.'s Fiscal Third Quarter 2023 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Snap-on's Senior Vice President of Finance, Eric Steele.

Snap One Holdings Corp. (SNPO) Q3 2023 Earnings Call Transcript

Snap One Holdings Corp. (SNPO) came out with quarterly earnings of $0.15 per share, missing the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.20 per share a year ago.

Snap One Holdings Corp. (SNPO) Q3 Earnings and Revenues Lag Estimates

CHARLOTTE, N.C., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Snap One Holdings Corp. (Nasdaq: SNPO) (“Snap One” or the “Company”), a provider of smart living products, services, and software to professional integrators, will hold a conference call on Tuesday, November 7, 2023 at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the fiscal third quarter ended September 29, 2023. Financial results will be issued in a press release prior to the call.

Snap One Holdings Corp. to Report Fiscal Third Quarter 2023 Financial Results on Tuesday, November 7, 2023 at 4:30 p.m. ET

CHARLOTTE, N.C., Aug. 23, 2023 (GLOBE NEWSWIRE) -- Snap One Holdings Corp. (Nasdaq: SNPO) (“Snap One” or the “Company”), a provider of smart living products, services, and software to professional integrators, is scheduled to participate at the following financial conferences and industry trade shows this fall:

Snap One Holdings Corp. Sets Fall 2023 Financial Conference and Industry Trade Show Schedule

Snap One Holdings Corp. (NASDAQ:SNPO ) Q2 2023 Earnings Conference Call August 8, 2023 4:30 PM ET Company Participants Eric Steele - Senior Vice President, Finance John Heyman - Chief Executive Officer Mike Carlet - Chief Financial Officer Ashley Swenson - Investor Relations Conference Call Participants Erik Woodring - Morgan Stanley Jake Norrison - Raymond James Operator Good afternoon. Welcome to Snap One Holdings Fiscal Second Quarter 2023 Earnings Conference Call.

Snap One Holdings Corp. (SNPO) Q2 2023 Earnings Call Transcript

Industry Awards and Product Innovation Highlight Second Quarter Results Company Reaffirms Financial Outlook for 2023 CHARLOTTE, N.C., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Snap One Holdings Corp. (Nasdaq: SNPO) (“Snap One,” the “Company,” “we,” or “our”), a provider of smart living products, services, and software to professional integrators, reported financial results for the fiscal second quarter ended June 30, 2023.

Snap One Reports Fiscal Second Quarter 2023 Results

CHARLOTTE, N.C., July 25, 2023 (GLOBE NEWSWIRE) -- Snap One Holdings Corp. (Nasdaq: SNPO) (“Snap One” or the “Company”), a provider of smart living products, services and software to professional integrators, will hold a conference call on Tuesday, August 8, 2023 at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) to discuss its financial results for the fiscal second quarter ended June 30, 2023. Financial results will be issued in a press release prior to the call.

Snap One Holdings Corp. to Report Fiscal Second Quarter 2023 Financial Results on Tuesday, August 8, 2023 at 4:30 p.m. ET

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