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.
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.
ADT has filed a lawsuit against Ring LLC, owned by Amazon, for alleged trademark infringement and unfair competition. The complaint states that Ring adopted a blue octagon mark similar to ADT's iconic trademark, which has over 6.5 million customers. This lawsuit follows a 2017 incident where Ring allegedly stole ADT's software. ADT seeks an injunction against Ring’s use of the trademark and claims monetary damages. ADT emphasizes its long-standing reputation built over nearly 150 years, asserting that Ring's actions mislead consumers into believing it offers comparable security services.
ADT Inc. announced the appointment of Sigal Zarmi as an independent director on its board. Zarmi, aged 57, currently serves as the international chief information officer at Morgan Stanley, where she drives innovation and digital transformation. Her previous experience includes a leadership role at PwC and serving on multiple advisory boards. ADT's chairman, Marc Becker, emphasized that Zarmi's expertise will be crucial as the company embarks on a growth phase focusing on smarter security solutions.
ADT (NYSE: ADT), a leading provider of security and smart home solutions, will present at the Deutsche Bank 29th Annual Media, Internet, & Telecom Conference on March 9, 2021, at 8:00 a.m. ET. CEO Jim DeVries and CFO Jeff Likosar will be key speakers. The event will be accessible via a live webcast and subsequent replay on ADT's investor relations website. ADT operates over 300 locations and 9 monitoring centers, offering a variety of lifestyle-driven security solutions for residential and business clients.
ADT Inc. reported a net loss of $632 million for 2020 compared to $424 million the previous year. Despite this, total revenue increased to $5,315 million, up from $5,126 million. In Q4, total revenue was $1,315 million, reflecting a slight increase over $1,298 million a year earlier. The Adjusted EBITDA for the full year was $2,199 million. The company added significant partnerships with DISH and Ackerman Security and reported a 15% increase in recurring monthly revenue additions in Q4. Net cash provided by operating activities fell to $1,367 million from $1,873 million in 2019.
ADT and DISH Network have announced a strategic partnership to enhance access to ADT smart home security products in rural and exurban areas.
DISH, boasting over 20 million subscribers, will market, sell, and install ADT services through its extensive network, significantly broadening ADT's reach.
This collaboration aims to meet the growing demand for home security solutions, fueled by an increase in at-home spending during the pandemic. The partnership follows ADT's recent growth trajectory, including a $450 million equity investment from Google.
ADT has announced a partnership with Hippo to offer professional monitoring and installation services to new Hippo customers while providing discounts on home insurance for existing ADT customers. This collaboration aims to enhance protection for homeowners through ADT’s smart home technology and Hippo’s insurance solutions. New Hippo customers will receive free installation of an ADT smart home security system and eligibility for smart home discounts on insurance premiums. The initiative is set to roll out in select states, expanding the reach of both companies.
ADT Inc. will release its fourth quarter and full year 2020 financial results on February 25, 2021, after market close. A conference call will follow at 5:00 pm ET to discuss the results. Investors can participate by dialing 1-877-407-3982 (domestic) or 1-201-493-6780 (international), and the call will also be available via live webcast on ADT’s investor website. Audio replays will be provided until March 11, 2021.
ADT has partnered with Ackerman Security Systems, enabling Ackerman to sell and install ADT smart home security services. This collaboration expands ADT's reach in Georgia, Virginia, and Maryland. As part of the agreement, ADT will acquire approximately half of Ackerman's customer accounts for $73 million. The partnership aims to enhance customer experience with advanced security solutions, while leveraging ADT's resources for innovative product offerings. This announcement follows a significant equity investment from Google in 2020, highlighting ongoing residential demand trends.
FAQ
What is the current stock price of ADT (ADT)?
What is the market cap of ADT (ADT)?
What services does ADT Inc. provide?
Which segments generate the highest revenue for ADT?
What recent financial highlights has ADT reported?
What innovative advancements has ADT introduced recently?
How does ADT contribute to corporate social responsibility?
What strategic actions has ADT taken recently?
What is the ADT Home Security Program for State Farm?
How has ADT performed in terms of customer retention?
What is the ADT Safe Places Program?
What is ADT's approach to capital allocation?
