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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.

News

ADT Announces Pricing of Secondary Public Offering of Common Stock and Concurrent Share Repurchase

Rhea-AI Summary
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 Announces Launch of Secondary Public Offering of Common Stock and Concurrent Share Repurchase

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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 Reports Fourth Quarter and Full Year 2023 Results

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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 Provides Solar Business Update and Advances Capital Allocation Strategy

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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 Recognizes Brands Earning Customer Trust for the 5th Consecutive Year in America's Most Trusted® Studies

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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 Announces Departure of Ken Porpora, Chief Financial Officer

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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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ADT to Participate in Fireside Chat at SHARE Series Event on Friday, Dec. 8

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ADT Inc. (NYSE: ADT) announced that Jim DeVries, ADT Chairman, President, and CEO, will participate in the SHARE Series event at the New York Stock Exchange. The fireside chat will be webcast and can be accessed through the ADT investor relations website.
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ADT Reports Third Quarter 2023 Results

Rhea-AI Summary
ADT Inc. reported strong financial results for Q3 2023, with total revenue of $1.2 billion and end-of-period recurring monthly revenue (RMR) reaching a record high of $350 million. The company achieved high customer retention and improved revenue payback, with gross revenue attrition at 12.9%. ADT also divested its commercial business, reducing leverage by approximately $2.0 billion and refinancing $1.4 billion of debt to extend maturity and reduce borrowing costs. The solar business underperformed, leading to a goodwill impairment charge of $88 million. ADT is focused on growing cash flow and optimizing capital allocation.
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ADT To Release Third Quarter 2023 Results On Thursday, Nov. 2, 2023

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ADT Inc. to release Q3 2023 financial results on November 2, 2023
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GTCR Completes Acquisition of ADT's Commercial Fire and Security Segment

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GTCR acquires ADT's commercial security business, rebrands it as Everon. Everon aims for sustained growth and innovation in the security industry.
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FAQ

What is the current stock price of ADT (ADT)?

The current stock price of ADT (ADT) is $7.55 as of November 20, 2024.

What is the market cap of ADT (ADT)?

The market cap of ADT (ADT) is approximately 6.7B.

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.

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ADT Inc.

NYSE:ADT

ADT Rankings

#1100 Ranked by Market Cap
#1079 Ranked by Dividends

ADT Stock Data

6.71B
874.38M
1.27%
97.41%
2.43%
Security & Protection Services
Services-detective, Guard & Armored Car Services
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United States of America
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