ADI Global Distribution swings to Q3 2026 net loss of $655 million
REZI•ADI Global Distribution reported a third-quarter 2026 net loss of $655 million, including a $659 million noncash goodwill impairment charge, while revenue rose 9% to $1.31 billion. The company lowered its full-year outlook and expects about $60 million in annualized gross cost savings by year-end 2026.
1. Quarterly results
ADI Global Distribution swung to a third-quarter 2026 net loss of $655 million, including a $659 million noncash goodwill impairment charge. Net revenue increased 9% year over year to $1.31 billion, benefiting from two additional selling days.
2. Outlook and savings
The company lowered its full-year 2026 outlook to reflect third-quarter performance and further weakness in Exclusive Brands in October. Management expects approximately $60 million in annualized gross cost savings by year-end 2026.
