reports
ADT Reports First Quarter 2024 Results
ADT Reports First Quarter 2024 Results Strong 2024 momentum anchored by cash flow growth Solid CSB revenue growth, up 5%, and segment Adjusted EBITDA, up 8% Streamlined focus on innovation and growth in core consumer markets Returned capital to shareholders through increased dividend and share repurchase BOCA RATON, Fla., April 25, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE: ADT), the most trusted brand in smart home and small business security, today reported results for the first quarter of 2024. Financial highlights for the first quarter are listed below. Except for cash fl...
ADT Names Jeff Likosar as Chief Financial Officer
ADT Names Jeff Likosar as Chief Financial Officer BOCA RATON, Fla., April 24, 2024 (GLOBE NEWSWIRE) -- (NYSE: ADT), the most trusted brand in smart home and small business security, announced today that Jeff Likosar has been named Chief Financial Officer. In addition to his duties as President, Corporate Development and Chief Transformation Officer, which he will retain, Likosar had been serving as interim CFO since December 2023. He previously served as the company’s CFO from 2017 to 2022. Along with customary CFO responsibilities, Likosar will remain responsible for corporate develo...
ADT To Release First Quarter 2024 Results On Thursday, April 25, 2024
ADT To Release First Quarter 2024 Results On Thursday, April 25, 2024 BOCA RATON, Fla., April 11, 2024 (GLOBE NEWSWIRE) -- (NYSE: ADT) will release its first quarter 2024 financial results before the market opens on Thursday, April 25, 2024. Following the release, management will host a conference call at 10 a.m. ET to discuss the financial results and lead a question-and-answer session. Participants may listen to a live webcast through the investor relations website at . A replay of the webcast will be available on the website within 24 hours of the live event. Alternatively, particip...
ADT Announces Pricing of Secondary Public Offering of Common Stock and...
ADT Announces Pricing of Secondary Public Offering of Common Stock and Concurrent Share Repurchase BOCA RATON, Fla., March 06, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE: ADT) (“ADT” or the “Company”) today announced the pricing of a secondary public offering of 65,000,000 shares of the Company’s common stock held by certain entities managed by affiliates of Apollo Global Management, Inc. (the “Selling Stockholders”) at a price to the public of $6.50 per share. The offering is expected to close on March 11, 2024, subject to satisfaction of customary conditions. The underwriters will have a ...
ADT Announces Launch of Secondary Public Offering of Common Stock and ...
ADT Announces Launch of Secondary Public Offering of Common Stock and Concurrent Share Repurchase BOCA RATON, Fla., March 06, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE: ADT) (“ADT” or the “Company”) today announced the commencement of a proposed secondary public offering of 55,000,000 shares of the Company’s common stock held by certain entities managed by affiliates of Apollo Global Management, Inc. (the “Selling Stockholders”). The underwriters will have a 30-day option to purchase up to an additional 8,250,000 shares of common stock from the Selling Stockholders. The Company is not selli...
ADT Reports Fourth Quarter and Full Year 2023 Results
ADT Reports Fourth Quarter and Full Year 2023 Results Streamlined focus on innovation and growth in core consumer markets Fortified balance sheet with $2.1 billion of debt reduction in 2023 Continued record recurring monthly revenue and strong retention Improved capital efficiency with revenue payback of 2.1 years Driving momentum into 2024, anchored by strong growth in cash flow BOCA RATON, Fla., Feb. 28, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE: ADT), the most trusted brand in smart home and small business security, today reported results for the fourth quarter and full year of 2023...
ADT Provides Solar Business Update and Advances Capital Allocation Str...
ADT Provides Solar Business Update and Advances Capital Allocation Strategy Exits Residential Solar BusinessIncreases Quarterly Dividend by 57% and Authorizes $350 Million Share Repurchase ProgramContinues to Strengthen Balance SheetSchedules Fourth Quarter and Full Year 2023 Reporting Date BOCA RATON, Fla., Jan. 24, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE: ADT), the most trusted brand in smart home and small business security, today announced it will be exiting its residential solar business. The Company will remain focused on cash flow generation and capital-efficient growth within its...
ADT Announces Departure of Ken Porpora, Chief Financial Officer
ADT Announces Departure of Ken Porpora, Chief Financial Officer BOCA RATON, Fla., Dec. 20, 2023 (GLOBE NEWSWIRE) -- (NYSE: ADT), the most trusted brand in smart home and small business security, today announced that Ken Porpora, Executive Vice President and Chief Financial Officer (CFO), will step down to become the Chief Executive Officer of a privately held HVAC and plumbing services provider. Porpora will depart the company at year end. Jeff Likosar, President, Corporate Development and Chief Transformation Officer, will serve as the interim CFO. Likosar previously served as the comp...
ADT to Participate in Fireside Chat at SHARE Series Event on Friday, D...
ADT to Participate in Fireside Chat at SHARE Series Event on Friday, Dec. 8 BOCA RATON, Fla., Dec. 05, 2023 (GLOBE NEWSWIRE) -- (NYSE: ADT), the most trusted brand in smart home and small business security, today announced Jim DeVries, ADT Chairman, President and Chief Executive Officer, will participate in the SHARE Series event on Friday, Dec. 8 at the New York Stock Exchange. DeVries will participate in a fireside chat, which will begin at approximately 9:30 a.m. ET. The live stream of this fireside chat will be webcast and can be accessed through the “Events & Presentations” section...
ADT Reports Third Quarter 2023 Results
ADT Reports Third Quarter 2023 Results Significant balance sheet improvement driven by divestiture of commercial business Record high CSB recurring monthly revenue balance driven by strong retention Improved capital efficiency with record revenue payback of 2.0 years Continued innovation in core smart home security markets and rationalization of solar footprint BOCA RATON, Fla., Nov. 02, 2023 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE: ADT), the most trusted brand in smart home and small business security, today reported results for the third quarter of 2023. Financial highlights for the th...
ADT To Release Third Quarter 2023 Results On Thursday, Nov. 2, 2023
ADT To Release Third Quarter 2023 Results On Thursday, Nov. 2, 2023 BOCA RATON, Fla., Oct. 19, 2023 (GLOBE NEWSWIRE) -- (NYSE: ADT) will release its third quarter 2023 financial results before the market opens on Thursday, Nov. 2, 2023. Following the release, management will host a conference call at 10 a.m. ET to discuss the financial results and lead a question-and-answer session. Participants may listen to a live webcast through the investor relations website at . A replay of the webcast will be available on the website within 24 hours of the live event. Alternatively, participants ...
ADT Completes Sale of Commercial Business
ADT Completes Sale of Commercial Business BOCA RATON, Fla., Oct. 02, 2023 (GLOBE NEWSWIRE) -- (NYSE: ADT), the most trusted brand in smart home and small business security, today completed the previously announced divestiture of its commercial security, fire, and life safety business unit to GTCR, a leading private equity firm, for a purchase price of $1.6 billion, subject to customary purchase price adjustments. The net proceeds of approximately $1.5 billion significantly reduced the Company’s net debt and leverage upon today’s closing. All net proceeds will be used for debt rede...
ADT to Participate in Goldman Sachs 2023 Communacopia + Technology Con...
ADT to Participate in Goldman Sachs 2023 Communacopia + Technology Conference on Thursday, Sept. 7 BOCA RATON, Fla., Aug. 31, 2023 (GLOBE NEWSWIRE) -- (NYSE: ADT), the most trusted brand in smart home and small business security, today announced Jim DeVries, ADT President and Chief Executive Officer, will participate in the Goldman Sachs 2023 Communacopia + Technology Conference on Thursday, Sept. 7, 2023, in San Francisco. DeVries will participate in a fireside chat, which will begin at approximately 2:25 p.m. PT. A live webcast and replay will be available through the ADT investor rel...
ADT Reports Second Quarter 2023 Results
ADT Reports Second Quarter 2023 Results Record high recurring monthly revenue balance and maintained record high customer retention Improved capital efficiency with record revenue payback of 1.9 years Positive net income with strong Adjusted EBITDA and operating cash flows Announced agreement to divest commercial business for $1.6 billion unlocking significant shareholder value; net proceeds to be used for debt reduction BOCA RATON, Fla., Aug. 08, 2023 (GLOBE NEWSWIRE) -- (NYSE: ADT), the most trusted brand in smart home and small business security, today reported results for the sec...
ADT Announces Sale of Commercial Business for $1.6 Billion
ADT Announces Sale of Commercial Business for $1.6 Billion Transaction unlocks substantial shareholder value with sale at significantly accretive multiples Entirety of net proceeds used for debt paydown, resulting in post-divestiture leverage multiples closer to ADT’s stated goal of sub-3.0x net debt / Adjusted EBITDA ADT strengthens focus on innovation and growth in core residential, small business and multifamily consumer markets BOCA RATON, Fla., Aug. 08, 2023 (GLOBE NEWSWIRE) -- (NYSE: ADT), the most trusted brand in smart home and small business security, today announced that it ...
ADT To Release Second Quarter 2023 Results On Tuesday, Aug. 8, 2023
ADT To Release Second Quarter 2023 Results On Tuesday, Aug. 8, 2023 BOCA RATON, Fla., July 28, 2023 (GLOBE NEWSWIRE) -- (NYSE: ADT) will release its second quarter 2023 financial results before the market opens on Tuesday, Aug. 8, 2023. Following the release, management will host a conference call at 10 a.m. ET to discuss the financial results and lead a question-and-answer session. Participants may listen to a live webcast through the investor relations website at . A replay of the webcast will be available on the website within 24 hours of the live event. Alternatively, participa...
ADT Inc: 2 directors
Two Directors at ADT Inc bought 108,650 shares at between 5.760USD and 5.790USD. The significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last tw...
ADT Reports First Quarter 2023 Results
ADT Reports First Quarter 2023 Results Strong year-over-year growth in revenue; CSB and Commercial up 7% and 15%, respectively, versus prior year period Maintained record high customer retention and new record high recurring monthly revenue balance Improved capital efficiency with record revenue payback Continued deleveraging with over $400 million debt reduction expected in 2023 BOCA RATON, Fla., May 02, 2023 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE: ADT), the most trusted brand in smart home and small business security, today reported results for the first quarter of 2023. Financial high...
ADT To Release First Quarter 2023 Results On Tuesday, May 2, 2023
ADT To Release First Quarter 2023 Results On Tuesday, May 2, 2023 BOCA RATON, Fla., April 18, 2023 (GLOBE NEWSWIRE) -- (NYSE: ADT) will release its first quarter 2023 financial results before the market opens on Tuesday, May 2, 2023. Following the release, management will host a conference call at 10:00 a.m. ET to discuss the financial results and lead a question-and-answer session. Participants may listen to a live webcast through the investor relations website at . A replay of the webcast will be available on the website within 24 hours of the live event. Alternativel...
ADT and Google Announce Availability of First Integrated Smart Home Se...
ADT and Google Announce Availability of First Integrated Smart Home Security System for DIY Customers New ADT Self Setup system integrates trusted ADT security with Google Nest products ADT SMART Monitoring available with monthly contract options Highly customizable systems now available for purchase directly from ADT.com BOCA RATON, Fla., March 28, 2023 (GLOBE NEWSWIRE) -- . (NYSE: ADT), the most trusted brand in smart home and small business security, today announced the availability of smart home security system – its most advanced and complete DIY system ever and the first fully i...
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