ADT Inc - ADT STOCK NEWS

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.

ADT has announced new location-sharing features for its SoSecure mobile safety app, enhancing connectivity and safety for users and their loved ones. The app now allows real-time location sharing, enabling users to create private groups for tracking their locations and receiving alerts when members arrive or leave specified spots. Notable features include crash detection, roadside assistance, and discreet SOS calling options. The app is available for free and via subscription, catering to diverse safety needs while maintaining user privacy.

ADT Inc. held an investor day event on March 2, 2022, outlining a long-term strategy aimed at significant shareholder value creation. The company targets $10 billion in total revenue, $3 billion in adjusted EBITDA, and $1 billion in debt reduction by 2025. ADT plans to enhance its offerings through the next-generation smart home platform, improve safety measures, and modernize customer experience. With an evolved mission of being Safe, Smart, Sustainable, ADT aims for double-digit growth and emphasizes its commitment to ESG principles.

ADT reported strong year-end 2021 results, with total revenue of $5.3 billion and a 5% increase in recurring monthly revenue (RMR) to $359 million. The fourth quarter net loss narrowed to $58 million, driven by a solid subscriber base of 6.6 million. The company expanded into the residential solar market with the acquisition of Sunpro and launched innovative products like the Google Nest Doorbell. Looking ahead, ADT expects 2022 total revenue of $6.2 billion to $6.4 billion, with adjusted EBITDA projected between $2.335 billion and $2.435 billion. A cash dividend of $0.035 per share was declared.

BigID has appointed Sigal Zarmi, an accomplished financial services executive, to its Board of Advisors. Zarmi's extensive experience includes leadership roles at Morgan Stanley and GE Capital, and she currently serves on the boards of ADT and Hashicorp. Her insights into digital transformation and technology operations are expected to enhance BigID's strategic direction. CEO Dimitri Sirota emphasized her innovative thinking as a critical asset for the company's growth. BigID is recognized for its data intelligence solutions that improve data governance and security.

ADT Inc. (NYSE: ADT) will host a virtual investor day on March 1, 2022, at 9 a.m. EST. The event will include a presentation by CEO Jim DeVries and senior leaders discussing the company's long-term strategy, followed by a Q&A session. Additionally, ADT will release its fourth-quarter and full-year 2021 financial results on the same morning. Details for registration will be available on the ADT investor relations website. A live webcast will also be provided, including a replay post-event.

Ford and ADT have launched a joint venture called Canopy, focused on enhancing vehicle security through AI-powered cameras and monitoring solutions. The initial products will debut in early 2023, targeting high-volume commercial trucks and vans in the U.S. and U.K. Canopy aims to protect valuable equipment in vehicles, addressing the growing theft problem that cost U.S. businesses over $7.4 billion in 2020. Integration with Ford vehicles and potential partnerships with other manufacturers are also planned.

Ford (NYSE:F) and ADT Inc. (NYSE:ADT) have launched Canopy, an AI-powered vehicle security system targeting both personal and commercial markets. The system integrates ADT’s monitoring services with Ford’s camera technology. Canopy's first products are set to launch early next year, focusing on security for high-volume commercial trucks and vans in the U.S. and U.K. Canopy aims to reduce theft losses—estimated at $7.4 billion in 2020—by offering customizable alerts and a mobile app for users to monitor their vehicles remotely.