ADI Global Distribution Inc. Common Stock When-Issued

Revenue is diversified across security (55 percent), AV (30 percent), datacom (10 percent) and fire/life safety (5 percent), with large retrofit/upgrade exposure and code-driven demand providing resilience. Digital repeat behavior and installer lock-in improve recurrence, but residential AV has been softer near term and macro sensitivity exists.

Q1 2026 grew 8 percent with stable operating income, underscoring steady demand despite mix headwinds. Geographic and category breadth plus omnichannel delivery raise predictability relative to typical distributors. Score: 72.