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ADT Inc. - ADT STOCK NEWS

Welcome to our dedicated page for ADT news (Ticker: ADT), a resource for investors and traders seeking the latest updates and insights on ADT stock.

ADT Inc. (NYSE: ADT) is a leading provider of monitored security, interactive home and business automation, and related monitoring services in the United States and Canada. The company offers innovative solutions to ensure the safety and security of residential, commercial, and multi-site customers. With a comprehensive portfolio that includes burglary, video, access control, fire and smoke alarm, and medical alert systems, ADT stands distinguished in the market.

ADT operates through three primary segments: Consumer and Small Business (CSB), Commercial, and Solar, with the CSB segment generating the highest revenue. Recently, ADT has streamlined its focus, divesting its commercial operations and announcing its exit from the residential solar business to concentrate on its core security and smart home offerings.

Financially, ADT has shown resilience and stability. For the third quarter of 2023, ADT reported total revenue of $1.2 billion, with a recurring monthly revenue (RMR) balance hitting a record $350 million. The company demonstrated strong customer retention and revenue payback, maintaining a high customer satisfaction rate.

In terms of innovations, ADT continues to push boundaries with advancements like the ADT+ app, which integrates next-generation hardware and technology for a seamless user experience. They also expanded their Alarm Scoring pilot to enhance the accuracy and reliability of emergency response data.

ADT has also made significant strides in corporate social responsibility through the ADT Safe Places Program, which impacts communities positively with purposeful non-profit partnerships, volunteerism, and charitable giving. The company remains committed to supporting sustainable and safe environments.

With a fortified balance sheet post-commercial divestiture and strategic debt refinancing, ADT is well-positioned for future growth. Looking ahead, the company aims to drive significant cash flow, invest in innovative solutions, and return capital to shareholders, all while maintaining its focus on delivering exceptional customer experiences and safety solutions.

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ADT announced the appointment of Dan Houston and Danielle Tiedt to its Board of Directors, including roles in the Nominating and Corporate Governance Committee, with Houston also joining the Compensation Committee. Houston, CEO of Principal Financial Group, brings extensive experience in strategy and operational excellence, managing $709 billion in assets. Tiedt, CMO of YouTube, has driven the platform's growth to a $40 billion business across 76 countries. Their combined expertise is expected to enhance ADT's growth and commitment to security.

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ADT Inc. (NYSE: ADT) reported strong first quarter 2024 results with total revenue of $1.2 billion, CSB revenue up 5%, segment Adjusted EBITDA up 8%, and end-of-period recurring monthly revenue (RMR) up 3%. The company focused on innovation and growth in core consumer markets, returned capital to shareholders, and saw strong customer retention. GAAP income from continuing operations was $92 million, adjusted income was $151 million.
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ADT Inc. (NYSE: ADT) has appointed Jeff Likosar as Chief Financial Officer, alongside his existing roles as President, Corporate Development, and Chief Transformation Officer. Likosar had been the interim CFO since December 2023 and previously held the CFO position from 2017 to 2022. He will oversee corporate development, strategy, and transformation execution. Jim DeVries, ADT's Chairman, President, and CEO, expressed satisfaction with Likosar's appointment, highlighting his contributions to the leadership team.
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ADT Inc. (ADT) will announce its first quarter 2024 financial results on April 25, 2024, followed by a conference call to discuss the results. Participants can join the call via webcast or phone, with replays available for both options.
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ADT Inc. announces a secondary public offering of 65,000,000 shares of common stock at $6.50 per share by Selling Stockholders. The offering includes a 30-day option for additional shares and a Share Repurchase of 15,000,000 shares as part of a $350 million program.
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ADT Inc. announces a secondary public offering of 55,000,000 shares of common stock by Selling Stockholders, with an option for additional shares. ADT will not receive proceeds from the offering but will repurchase 15,000,000 shares as part of its existing program. Morgan Stanley, Barclays, Apollo Global Securities, and RBC Capital Markets are managing the offering.
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ADT Inc. reported strong financial results for Q4 and full year 2023, with total revenue of $1.2 billion in Q4 and $4.9 billion for the year. The company's CSB segment revenue increased by 5% in Q4. ADT focused on debt reduction, with $2.1 billion reduction in 2023, and emphasized driving cash flow in 2024.
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ADT Inc. announces its exit from the residential solar business to focus on its core security and smart home business, while also increasing its quarterly dividend by 57% and authorizing a $350 million share repurchase program. The company has also strengthened its balance sheet and is scheduled to report its fourth quarter and full year 2023 earnings on February 28, 2024.
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Lifestory Research (Ticker: LSR) reveals the results of its 2024 America's Most Trusted® studies, recognizing 10 brands as the most trusted by consumers for five consecutive years across diverse product categories.
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ADT Inc. (NYSE: ADT) announced that Ken Porpora, Executive Vice President and CFO, will step down to become the CEO of a privately held HVAC and plumbing services provider. Jeff Likosar will serve as the interim CFO, and the company has begun the external search process for evaluating CFO candidates.
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FAQ

What services does ADT Inc. provide?

ADT Inc. provides monitored security, interactive home and business automation, and related monitoring services. Their offerings include burglary, video, access control, fire and smoke alarm, and medical alert systems.

Which segments generate the highest revenue for ADT?

The Consumer and Small Business (CSB) segment generates the highest revenue for ADT.

What recent financial highlights has ADT reported?

For the third quarter of 2023, ADT reported total revenue of $1.2 billion and a recurring monthly revenue (RMR) balance of $350 million, a record high for the company.

What innovative advancements has ADT introduced recently?

ADT has introduced the ADT+ app, integrating next-generation hardware and technology, and expanded its Alarm Scoring pilot to improve the accuracy of emergency response data.

How does ADT contribute to corporate social responsibility?

ADT contributes through the ADT Safe Places Program, which positively impacts communities with non-profit partnerships, volunteerism, and charitable giving.

What strategic actions has ADT taken recently?

ADT has divested its commercial operations and announced its exit from the residential solar business to focus on its core security and smart home offerings. Additionally, the company has strategically refinanced debt to improve its financial standing.

What is the ADT Home Security Program for State Farm?

The ADT Home Security Program for State Farm offers State Farm customers exclusive discounts on ADT home security products and professional monitoring.

How has ADT performed in terms of customer retention?

ADT has maintained strong customer retention with high customer satisfaction and gross revenue attrition of 12.9%.

What is the ADT Safe Places Program?

The ADT Safe Places Program is ADT's corporate social responsibility initiative that supports community safety and sustainability through non-profit partnerships, volunteerism, and donations.

What is ADT's approach to capital allocation?

ADT focuses on driving significant cash flow, investing in customer growth and service, and returning capital to shareholders through dividends and share repurchase programs.

ADT Inc.

NYSE:ADT

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ADT Stock Data

6.73B
855.63M
1.25%
91.37%
1.38%
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