ADI Global Distribution

Revenue is diversified across security, fire/life‑safety, AV and datacom installers with 100k+ customers. This supports baseline stability, but exposure to non‑residential construction cycles, residential retrofit, and channel inventory swings lowers visibility.

Management’s medium‑term plan targets 4% to 6% revenue CAGR and 40 to 50 bps gross‑margin expansion by 2030, which is credible with branch density, digital growth and exclusive brands, though subject to macro. Q2 2026 average daily sales grew ~2% YoY despite one fewer sales day, illustrating modest resilience.