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 announces a partnership with Uber to enhance user safety through the integration of ADT mobile safety solutions into the Uber app. This feature allows Uber users in the U.S. to receive real-time assistance from ADT's monitoring agents via phone or text during their rides. The 'Live Help from a Safety Agent' feature provides 24/7 support, including the ability to contact 911 with critical trip details. This partnership positions ADT as a trusted safety provider for gig economy workers and expands their market presence beyond home security.
ADT Inc. has announced significant leadership changes, appointing Jeff Likosar as President, Corporate Development and Chief Transformation Officer, a newly created role, after over five years as CFO. Ken Porpora, an ADT veteran of nearly 25 years, will step in as Executive Vice President and Chief Financial Officer. These changes aim to enhance corporate strategy, business development, and financial management following ADT's strategic long-term vision shared during the recent investor day.
ADT reported a strong second quarter of 2022 with total revenue of $1.6 billion, up 23% year-over-year, and an end-of-period recurring monthly revenue (RMR) of $369 million, a 5% increase. The company achieved record customer retention, with gross customer revenue attrition at 12.7%. GAAP net income reached $92 million, up from a loss of $126 million in the prior year. ADT reaffirmed its 2022 financial outlook, targeting total revenue between $6.2 billion and $6.4 billion.
ADT Inc. (NYSE: ADT) is set to release its second quarter 2022 financial results on August 4, 2022, before the market opens. Following the announcement, a conference call will be held at 10:00 a.m. ET to discuss the outcomes and engage in a Q&A session. Investors can access the live webcast via the investor relations website and participate by phone using designated numbers for domestic and international callers. An audio replay will be available for two weeks post-call.
ADT has launched ADT Virtual Assistance, enhancing flexibility for residential customers with remote video support for service needs. The program allows customers to schedule 30-minute appointments via their smartphones, providing guidance for adding or troubleshooting smart home devices without in-home visits. This initiative, currently serving over 4,000 customers daily, waives typical site assessment fees, aiming to reduce vehicle trips and greenhouse gas emissions significantly. ADT recorded 440,000 fewer trips, cutting emissions by 8,000 tons since the program began in 2021.
ADT announced the appointment of William M. Lewis Jr. to its board of directors, effective immediately, with his term expiring at the 2025 annual meeting. Lewis, a senior partner at Apollo, replaces Matthew Nord, who has retired. He brings extensive experience in financial advisory roles, including over 17 years at Lazard and 24 years at Morgan Stanley. The board welcomes his expertise as ADT looks to expand in the smart home and solar markets, which are positioned for significant growth.
ADT reported a strong first quarter of 2022, achieving 18% revenue growth to reach $1.5 billion and a GAAP net income of $52 million. The company also noted an end-of-period recurring monthly revenue (RMR) of $365 million, up 5% year-over-year, with a record customer retention rate and a gross customer revenue attrition of 12.9%. Key developments included the launch of the Google Doorbell, growth in ADT Solar, and an affirmed financial outlook for 2022, projecting total revenues between $6.2 billion and $6.4 billion.
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ADT Inc. (NYSE: ADT) will announce its first quarter 2022 financial results before the market opens on May 5, 2022. Following this announcement, a conference call will take place at 10:00 a.m. ET for discussion and Q&A. Interested participants can join via a live webcast on the investor relations website or by phone. A replay will also be available.
ADT focuses on providing safe, smart, and sustainable solutions for individuals and businesses, leveraging innovative products and a vast professional network.
ADT Inc. (NYSE: ADT) has appointed Benjamin Honig to its board of directors, effective immediately, with a term ending at the 2024 annual meeting. Honig, a seasoned investor with Temasek since 2013, replaces David Ryan. His experience in technology and consumer services is anticipated to enhance ADT's strategic direction, particularly in its expansion into the residential solar energy market. ADT's Chairman, Marc Becker, expressed optimism about the fresh perspectives Honig will bring to the board amidst the company’s growth initiatives.