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. (NYSE: ADT) announced a secondary public offering of 56,000,000 shares of common stock by Apollo Global Management affiliates, with underwriters having a 30-day option for an additional 8,400,000 shares. ADT will not receive proceeds from this offering but plans to repurchase 16,000,000 shares concurrently as part of its existing $350 million share repurchase program. The offering will be managed by Barclays, Citigroup, and BTIG as book-running managers, who will not receive underwriting fees for shares repurchased by ADT.
ADT Inc. (NYSE: ADT) has announced that it will release its third quarter 2024 financial results before the market opens on Thursday, October 24, 2024. Following the release, the company will host a conference call at 10 a.m. ET to discuss the results and conduct a question-and-answer session.
Investors and interested parties can access the live webcast through ADT's investor relations website at investor.adt.com. A replay of the webcast will be available on the website within 24 hours of the live event. Alternatively, participants can listen to the live call by dialing 1-800-715-9871 (domestic) or 1-646-307-1963 (international) and providing the access code 4948265. An audio replay will be available for two weeks following the call.
ADT Inc. (NYSE: ADT), a leader in smart home and small business security, has appointed Suzanne Yoon to its Board of Directors as an additional independent director. Yoon brings extensive experience in finance and value creation to the role. She is the founder and managing partner of Kinzie Capital Partners, a Chicago-based private equity firm, and serves as Chair of its Investment and Management Committees.
Prior to founding Kinzie in 2017, Yoon held senior positions at Versa Capital Management, CIT Group, and LaSalle Bank/ABN AMRO. She is also a current member and former Chair of the National Philanthropic Trust Board of Trustees, which manages approximately $40 billion in assets. Additionally, Yoon is a member of the inaugural Women's Advisory Board for the Chicago Bears.
ADT Inc. (NYSE: ADT) reported solid Q2 2024 results with 3% revenue growth to $1.2 billion and a 2% increase in recurring monthly revenue to $355 million. The company demonstrated strong customer retention with gross revenue attrition of 12.9% and revenue payback at 2.2 years. GAAP income from continuing operations was $126 million ($0.13 per diluted share), while adjusted income was $156 million ($0.17 per diluted share). ADT generated robust operating cash flow of $563 million, up 14% year-over-year. The company affirmed its full-year 2024 guidance and continued to invest in innovative offerings like the ADT+ platform and Trusted Neighbor service. ADT also implemented AI in its operations and received recognition for its monitoring center and mental health initiatives.
ADT Inc. (NYSE: ADT) has announced that it will release its second quarter 2024 financial results before the market opens on Thursday, August 1, 2024. Following the release, the company will host a conference call at 10 a.m. ET to discuss the results and conduct a question-and-answer session. Investors and interested parties can access the live webcast through ADT's investor relations website at investor.adt.com. A replay of the webcast will be available within 24 hours of the event.
For those preferring to listen via phone, the call can be accessed by dialing 1-800-715-9871 (domestic) or 1-646-307-1963 (international) using the access code 4948265. An audio replay will be available for two weeks after the call, accessible by dialing 1-800-770-2030 (domestic) or 1-609-800-9909 (international) with the passcode 4948265.
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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