ADI Sales Down 21% in April

By: John Honovich, Published on May 14, 2020

ADI sales were down 21% in April, the company disclosed, as the pandemic hits the security industry.

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Inside this note, we examine:

  • ADI Sales in Q1 2020 vs April (Q2)
  • What the drop signals about the security industry
  • How ADI is doing much better than the other half of Resideo (Honeywell Homes)
  • What ADI is doing to drive sales, notably fever cameras

ADI ***** **** ********

***** *** **** ******* by *% ** ** 2020, ******* **** **% in *****. *** ***** below (**** *** ******** ****) ********* **, ******* with ** ****** ******:

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******* ********* *** ****** issue "*** ** ******** product **** *** ******** mix *** ********** ***********".

** *** **** ***** for *** ********* ***** products **** ** *******, with ******* ******** **% and ******* ** **** than * *****:

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***, ** *****, ****** got *****, *******'* *** **********:

*** *****, ***** ******* sales **** **** **% with *** **** **% and *&* **** **%. These ******* ******* *** impact ** *****-** *** other ******* *** ***** year ******* **********. ** the ******* ***** **, we ****** ******* ** improve, *** ** ****** anticipate *** *** ****** will ******. ** **** conducted ******* ** ********** and *********** ******* **** flat ** *** ******** of *** ********* ********** completing ***** ******* **** projects.

21% ******* - ******

*** **% ******* ********** ~$50 ******* **** ** sales *** ***** **** relative ** ***'* ******* run **** ** *** $200 - $*** ******* range.

*** *** ***** ** $3 ******* ** ******* last ****, ************** **** North *******:

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*** ***** ******** ****** but ****** *********** *** commercial ** **** ** some */* *********. ** would ****** *********** ** be *** ********** *** hardest *** ********** ********** the ***** ** ***** shutdowns ******* **** *********** work **** **********.

Security ******** *********

**** **% *** ***** is ******* **** ** think ******** **** *** security ********. *** ** so *** **** ** some *****, ** **********, they **** ***** *** market. ********* ************ ******* faster **** *** ****** (like ********, ****, *** Hanwha) ****** *** ****** than -**% *** ****** companies ****** *** *****.

***** ******* *****, *** ADI *** *********. ********* ******* ******* ***** ***** camera ***** **** * bright **** *** *****. While *** **** *** carry ****** ******** ******** InVid, ****** ***** *** a **** ***** ** well.

Fever *******

**** **** ********* ******* security ********, *** ** hot *** ***** *******. This ** ***'* **** page *****:

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***** ********* *** ******* (Dahua, ********* **** ****** relabellers **** *** ********) but ** ** ******* of ~$**,***, * ********** low ****** ** ***** will ***** **** * material ****** *** ***:

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******, ** ***-*****, *** briefly **** ****** * W-Box '***** ******':

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*******, ******* *****, *** confirmed **** ******* *** to ***** *** * 'fever ******'. ** ***** that ** * ***** move. ********* **** ******* carry **** ********* *** selling **** ***** **** own ***** ****** ******* more.

***********, **** ** *** sold / **-**** *,*** units * ***** ** ~$10,000 **** **** ***** be $** ******* *******, which ***** ******** **** that ******* ******* *******. And ** *** ****** can ********** ** *** fever ****** ****, **** could ********** ***** ******, for ***.

Recovery ******

** ****** ***, **** the ******** ******** ********* to ******* **** ****. Almost ********* *** **** be ************* ****** **** April *** *** ***, and *** ****** ** a ***** **********, ******* significantly ** *** ******* economy.

Vote / ****

Comments (2)

****, ****'* ***, *** not ** *** ** I'd ******.

****, * ***** **** digging ** ****, *****'* a *** **** ** it.

*** ************ ***** ***** to ** ***** ********** cash **** ******** ***** now. *** *******, **** a ***** *** ********** sent * ****** ******* vendors **** **** ********* their ******* ***** **** 30 **** ** ** days.

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