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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.
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.
ADT Inc. (NYSE: ADT) will announce its second quarter 2021 financial results after market close on August 4, 2021. A conference call will be held at 5:00 p.m. ET to discuss these results and more. Investors can join by dialing 1-877-407-3982 for domestic calls, or via a live webcast at investor.adt.com. An audio replay will be available from August 4, 8:00 p.m. ET until August 18, 2021, accessible by calling 1-844-512-2921. ADT is known for its smart home security systems, serving customers both at home and in business.
ADT Inc. (NYSE: ADT) announced the completion of a $1 billion offering of 4.125% senior secured notes due 2029. The proceeds will be used to redeem all outstanding 3.500% Senior Notes due 2022, along with related fees. ADTSC will redeem the 2022 Notes on August 28, 2021, at a calculated redemption price plus accrued interest, with payments made by August 30, 2021. The notes are exempt from registration under the Securities Act, offered only to qualified institutional buyers.
ADT Inc has announced the pricing of a $1.0 billion offering of 4.125% senior secured notes due 2029, set to close on July 29, 2021. Proceeds will be used to redeem $1.0 billion in outstanding 3.500% senior notes due 2022. The offering is exempt from registration under the Securities Act and is available only to qualified institutional buyers and non-U.S. investors. Importantly, this press release does not constitute an offer or solicitation to buy securities and outlines the company's operational focus on security solutions.
ADT Inc. announced its indirect subsidiary, ADT Security Corporation, plans to offer $1.0 billion in first-priority senior secured notes due 2029. This offering is exempt from Securities Act registration requirements. Proceeds will be used to redeem $1.0 billion of its 3.500% Senior Notes due 2022 and cover related expenses. The notes will be offered to qualified institutional buyers and non-U.S. investors only. The press release clarifies that this is not an offer to buy or sell securities in any jurisdiction where it would be unlawful.
ADT has filed actions for patent infringement against Vivint, targeting several of the latter's products for violating U.S. patents No. 8,976,937 and No. 9,286,772. These patents pertain to smart home integration and related functionalities. ADT aims to secure an exclusion order against Vivint's products and seeks damages for the infringement. With a history of innovation dating back to 1874, ADT continues to maintain a strong patent portfolio in the security technology sector.
ADT Inc. (NYSE: ADT) reported a strong first quarter in 2021 with total revenue of $1.305 billion, though it declined by 5% year-over-year. The company achieved a net loss of $48 million, significantly improved from a $300 million loss in the previous year. Recurring monthly revenue additions surged by 25%, resulting in a net subscriber growth of 76,000. The attrition rate decreased to 13.1%. ADT is reaffirming its full-year guidance with expected total revenue between $5.05 billion and $5.25 billion, focusing on subscriber growth and technology investments.
ADT Inc. announced significant leadership changes to enhance its growth strategy. Jim Boyce, President and Chief Business Development Officer, will retire on May 31, 2021, after notable contributions, including the integration of Defenders into ADT. Jeff Likosar has been appointed as Chief Financial Officer and President of Corporate Development, while Ken Porpora will serve as Executive Vice President, Finance. Keith Holmes will become Chief Revenue Officer, focusing on revenue growth and market strategies. Don Young is promoted to Chief Operating Officer, overseeing service delivery.
ADT Inc. (NYSE: ADT) will announce its first quarter 2021 financial results on May 5, 2021, after market close. A conference call will be held at 5:00 PM ET to discuss these results, accessible via phone or a live webcast on ADT's investor website. An audio replay will be available from 8:00 PM ET on the same day until May 19, 2021. ADT is a leading provider of smart home and business security, focusing on innovation and a vast network of professionals to protect customer assets.
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