$ADIG

24/7 Wall St. lists Friday analyst research calls. JPMorgan upgraded Etsy to Overweight, target $100 (from $85). BNP Paribas upgraded Instacart to Neutral, $56. BMO cut HubSpot to Market Perform, $215. Citigroup downgraded JetBlue to Sell, $5.30. Several other upgrades, downgrades, and initiations include Baker Hughes (BKR) Overweight, $70 and Trade Desk (TTD) downgraded to Neutral, $9.

MarketScreener reports that ADI Global Distribution Inc. (NYSE: ADIG) was added to the S&P Global BMI Index and the S&P TMI Index on Aug. 3. The article also provides company profile details, including distribution of low-voltage security, fire/life safety, and AV products, and notes ADIG’s share price at $26.30 (+5.28% on the day).

Resideo Technologies completed its spin-off of ADI Global Distribution, separating the wholesale distribution business into an independent NYSE-listed company. ADI began trading Aug. 4 under ticker ADIG, with shareholders receiving 1 ADI share for every 2 Resideo shares. Resideo repaid $900 million of Term Loan B principal and expects about $200 million more after a cash adjustment.

Resideo Technologies said it completed its spinoff of ADI Global Distribution, making Resideo a standalone building technologies company. Resideo will trade on NYSE as REZI, while ADI begins regular-way trading as ADIG. ADI reported $4.8 billion revenue in 2025. Resideo repaid $900 million of Term Loan B and expects about $200 million more.

The NYSE pre-market update says ADI Global Distribution (NYSE: ADIG) will begin trading under the ticker ADIG after completing a spin-off from Resideo (NYSE: REZI). It also notes earnings from Caterpillar (CAT), McDonald's (MCD), and Pfizer (PFE), and that ICE Brent is at $81 per barrel as of 8 a.m. ET.

ADI GLOBAL DISTRIBUTION INC. (ADIG) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. EX-99.1 13 ea030019001ex99-1.htm INFORMATION STATEMENT OF ADI GLOBAL DISTRIBUTION INC., DATED JULY 20, 2026 Exhibit 99.1 July 20, 2026 Dear Resideo Technologies, Inc. (“Resideo”) Stockholder: On July 30, 2025, we announced our intention to separate our company into two independen

S&P Dow Jones Indices, a division of S&P Global (SPGI), said Ferguson Enterprises (FERG) will replace Electronic Arts (EA) in the S&P 500 before the Aug. 5 open. EA is being acquired by an investor consortium including the Public Investment Fund, Silver Lake, and Affinity Partners, subject to final conditions. ADI Global Distribution (ADIG) will enter the S&P SmallCap 600, replacing Hertz (HTZ), after a Resideo (REZI) spin-off.

S&P Dow Jones Indices said Ferguson Enterprises (NYSE: FERG) will replace Electronic Arts (NASDAQ: EA) in the S&P 500 effective before Aug. 5, as EA is being acquired by a consortium including Public Investment Fund, Silver Lake and Affinity Partners. ADI Global Distribution (NYSE: ADIG) will be added to the S&P SmallCap 600 before Aug. 4, replacing Hertz (NASDAQ: HTZ), after Resideo (NYSE: REZI) spins off ADIG.

Resideo Technologies (NYSE: REZI) set a July 20, 2026 record date and expects to distribute ADI Global Distribution shares on Aug. 3, 2026 (1 ADI share per 2 Resideo shares). ADI is expected to trade on NYSE as ADIG starting Aug. 4. Resideo/ADI also closed ADI’s $400m 7.125% notes and entered $600m term loan plus $500m revolver for the spin-off.