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 smart home and small business security company that regularly issues news on its operations, financial performance, and product developments. The company describes itself as providing safe, smart, and sustainable solutions for people, homes, and small businesses, supported by what it calls the largest network of smart home security professionals in the U.S. This news page aggregates ADT-related announcements, giving readers a single place to review the company’s latest disclosures.
Investors and observers following ADT news will find earnings releases detailing quarterly results, including total revenue, monitoring and related services performance, recurring monthly revenue (RMR), customer retention metrics, adjusted EBITDA, adjusted income from continuing operations, adjusted EPS, and adjusted free cash flow. These releases often include commentary from ADT’s leadership on the resilience of its business model, its ADT+ platform, and its financial outlook.
ADT’s news also covers capital markets and financing activities, such as offerings of first-priority senior secured notes, amendments to first lien credit agreements, incremental term loans, and share repurchase activity. Announcements about secondary public offerings of common stock by selling stockholders and concurrent share repurchases by the company are disclosed through press releases and related SEC filings.
In addition, ADT issues news on product and technology updates, including launches tied to the ADT+ platform, smart devices like the ADT+ Alarm Range Extender, and collaborations such as the Yale Assure Lock 2 Touch with Z-Wave for ADT+. The company also highlights corporate social responsibility initiatives under its ADT Safe Places program and organizational updates such as executive appointments. Bookmark this page to review ADT’s official news flow as it is released.
ADT Inc. announced its indirect subsidiary, ADT Security Corporation, plans to offer $1.0 billion in first-priority senior secured notes due 2029. This offering is exempt from Securities Act registration requirements. Proceeds will be used to redeem $1.0 billion of its 3.500% Senior Notes due 2022 and cover related expenses. The notes will be offered to qualified institutional buyers and non-U.S. investors only. The press release clarifies that this is not an offer to buy or sell securities in any jurisdiction where it would be unlawful.
ADT has filed actions for patent infringement against Vivint, targeting several of the latter's products for violating U.S. patents No. 8,976,937 and No. 9,286,772. These patents pertain to smart home integration and related functionalities. ADT aims to secure an exclusion order against Vivint's products and seeks damages for the infringement. With a history of innovation dating back to 1874, ADT continues to maintain a strong patent portfolio in the security technology sector.
ADT Inc. (NYSE: ADT) reported a strong first quarter in 2021 with total revenue of $1.305 billion, though it declined by 5% year-over-year. The company achieved a net loss of $48 million, significantly improved from a $300 million loss in the previous year. Recurring monthly revenue additions surged by 25%, resulting in a net subscriber growth of 76,000. The attrition rate decreased to 13.1%. ADT is reaffirming its full-year guidance with expected total revenue between $5.05 billion and $5.25 billion, focusing on subscriber growth and technology investments.
ADT Inc. announced significant leadership changes to enhance its growth strategy. Jim Boyce, President and Chief Business Development Officer, will retire on May 31, 2021, after notable contributions, including the integration of Defenders into ADT. Jeff Likosar has been appointed as Chief Financial Officer and President of Corporate Development, while Ken Porpora will serve as Executive Vice President, Finance. Keith Holmes will become Chief Revenue Officer, focusing on revenue growth and market strategies. Don Young is promoted to Chief Operating Officer, overseeing service delivery.
ADT Inc. (NYSE: ADT) will announce its first quarter 2021 financial results on May 5, 2021, after market close. A conference call will be held at 5:00 PM ET to discuss these results, accessible via phone or a live webcast on ADT's investor website. An audio replay will be available from 8:00 PM ET on the same day until May 19, 2021. ADT is a leading provider of smart home and business security, focusing on innovation and a vast network of professionals to protect customer assets.
ADT has filed a lawsuit against Ring LLC, owned by Amazon, for alleged trademark infringement and unfair competition. The complaint states that Ring adopted a blue octagon mark similar to ADT's iconic trademark, which has over 6.5 million customers. This lawsuit follows a 2017 incident where Ring allegedly stole ADT's software. ADT seeks an injunction against Ring’s use of the trademark and claims monetary damages. ADT emphasizes its long-standing reputation built over nearly 150 years, asserting that Ring's actions mislead consumers into believing it offers comparable security services.
ADT Inc. announced the appointment of Sigal Zarmi as an independent director on its board. Zarmi, aged 57, currently serves as the international chief information officer at Morgan Stanley, where she drives innovation and digital transformation. Her previous experience includes a leadership role at PwC and serving on multiple advisory boards. ADT's chairman, Marc Becker, emphasized that Zarmi's expertise will be crucial as the company embarks on a growth phase focusing on smarter security solutions.
ADT (NYSE: ADT), a leading provider of security and smart home solutions, will present at the Deutsche Bank 29th Annual Media, Internet, & Telecom Conference on March 9, 2021, at 8:00 a.m. ET. CEO Jim DeVries and CFO Jeff Likosar will be key speakers. The event will be accessible via a live webcast and subsequent replay on ADT's investor relations website. ADT operates over 300 locations and 9 monitoring centers, offering a variety of lifestyle-driven security solutions for residential and business clients.
ADT Inc. reported a net loss of $632 million for 2020 compared to $424 million the previous year. Despite this, total revenue increased to $5,315 million, up from $5,126 million. In Q4, total revenue was $1,315 million, reflecting a slight increase over $1,298 million a year earlier. The Adjusted EBITDA for the full year was $2,199 million. The company added significant partnerships with DISH and Ackerman Security and reported a 15% increase in recurring monthly revenue additions in Q4. Net cash provided by operating activities fell to $1,367 million from $1,873 million in 2019.
ADT and DISH Network have announced a strategic partnership to enhance access to ADT smart home security products in rural and exurban areas.
DISH, boasting over 20 million subscribers, will market, sell, and install ADT services through its extensive network, significantly broadening ADT's reach.
This collaboration aims to meet the growing demand for home security solutions, fueled by an increase in at-home spending during the pandemic. The partnership follows ADT's recent growth trajectory, including a $450 million equity investment from Google.