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 (ADT) provides comprehensive security solutions and smart home automation services across residential and commercial markets. This news hub offers investors and stakeholders centralized access to official corporate updates, financial disclosures, and strategic developments.
Our curated collection features ADT's press releases covering product innovations, partnership announcements, quarterly earnings reports, and operational milestones. Users will find timely updates on security technology advancements, service expansions, and leadership changes affecting the company's market position.
The repository includes essential documentation such as SEC filings, investor presentations, and corporate responsibility initiatives. Regular updates ensure access to ADT's latest developments in intrusion detection systems, video surveillance enhancements, and smart home integration capabilities.
Bookmark this page for streamlined tracking of ADT's progress in delivering reliable security solutions while maintaining technological leadership. Check back frequently for verified updates directly impacting the company's performance in the evolving smart home sector.
Tortoise Properties, LLC has acquired over 2 acres in downtown West Palm Beach for a Class A+ mixed-use development featuring 264 luxury apartments and lifestyle retail. This property is strategically located on the 40-acre NORA redevelopment corridor. The acquisition complements Tortoise Properties’ portfolio, which includes significant assets like the fully leased 172,000-square-foot office campus in Boca Raton. CEO James D. Geleerd highlighted the growing demand for rental housing in the area, citing its favorable business conditions and population growth.
MGG Investment Group LP has successfully completed the sale of Sunpro Solar, the largest rooftop solar provider in the Southeastern United States, to ADT Inc. for $825 million. MGG previously supported Sunpro through a first-lien term loan and a cash equity investment. MGG’s CEO emphasized the investment reflects their strategy of partnering with growth-focused management teams and advancing sustainability. Sunpro's CEO expressed gratitude for MGG's support in their growth journey and looks forward to partnering with ADT to enhance renewable energy solutions for customers nationwide.
ADT Inc. has completed its acquisition of Sunpro Solar, marking its entry into the rapidly growing residential solar market. The newly formed ADT Solar will deliver rooftop solar and energy storage solutions across 22 states, with plans for further expansion. This strategic move aims to enhance customer value by combining smart home security with sustainable energy solutions. ADT expects to leverage its existing customer base, with a significant portion expressing interest in solar products, to drive organic growth. Marc Jones, Sunpro's founder, will lead ADT Solar.
ADT Inc. (NYSE: ADT), a leading brand in smart home and small business security, announced that CEO Jim DeVries will participate in the RBC Capital Markets Technology, Internet, Media, and Telecommunications Conference on November 16, 2021. The event will feature a fireside chat starting at approximately 1:20 PM ET. Investors can access a live webcast and subsequent replay via the ADT Investor Relations website.
ADT is committed to connecting and protecting what matters most to customers through innovative products and a vast network of security professionals.
ADT Inc. announced its pending acquisition of Sunpro Solar for approximately $825 million, marking an entry into the residential solar market. In Q3 2021, total revenue increased by 1% year-over-year to $1,317 million, while monitoring revenue rose by 5%. The end of period recurring monthly revenue (RMR) reached $356 million, up 4%. The company's net loss improved to $109 million from $113 million in the previous year. ADT's adjusted EBITDA decreased slightly to $554 million. The acquisition aims to create a top-tier position in solar, enhancing ADT's energy management solutions.
ADT announced its agreement to acquire Sunpro Solar for $160 million in cash and approximately 77.8 million shares of ADT common stock, totaling an enterprise value of around $825 million. This acquisition will establish ADT Solar as a leader in the residential solar market, leveraging ADT's national presence and trusted brand. The transaction is expected to be accretive to EPS within 12 months and enhance EBITDA and free cash flow immediately. With a $15 billion annual residential solar market opportunity, ADT aims to capitalize on its customer base of over 6 million households.
ADT Inc. (NYSE: ADT) is set to release its third quarter 2021 financial results on November 9, 2021, before the market opens. Following this, a conference call will take place at 10:00 a.m. ET to discuss the results and other relevant matters. Investors can join the call by calling 1-877-407-3982 domestically or 1-201-493-6780 internationally, or through a live webcast on ADT’s investor relations website. An audio replay will be available from 1:00 p.m. ET on the same day until November 23, 2021.
ADT and the Clery Center revealed a survey indicating heightened personal safety concerns among college students returning to campus this fall. More than 82% of students expressed worries about their safety, particularly with common activities such as walking alone at night or being in unfamiliar areas. Only 17% utilize campus security escorts, and 55% fear judgment from peers when asking for help. In response, ADT launched the SoSecure by ADT app, offering discreet emergency assistance to enhance student safety.
ADT (NYSE: ADT), a leader in smart home and small business security, announced that Jim DeVries, its President and CEO, will participate in the Goldman Sachs 30th Annual Communacopia Conference on September 23, 2021. His fireside chat is scheduled to start at approximately 11:20 AM EDT. Investors can access a live webcast and a replay of the event via the ADT investor relations website.
ADT is recognized for its innovative products and extensive network of security professionals, ensuring the protection of what matters most to its customers.
ADT reported its second quarter 2021 results, revealing a net loss of $126 million compared to $107 million last year. The company achieved a 4% increase in recurring monthly revenue (RMR), totaling $352 million. The gross RMR additions grew by 28%, reflecting robust residential subscriber growth. However, total revenue declined 2% year-over-year to $1,304 million, primarily due to a decrease in installation revenue. ADT is focused on improving its capital structure and declared a cash dividend of $0.035 per share.
