Financial Performance - Total revenue for Q3 2024 increased by 5% to $1.244 billion, with monitoring and related services revenue growing by 2% to $1.078 billion[2][9] - GAAP income from continuing operations was $132 million, or $0.14 per diluted share, representing a 7% increase year-over-year[10] - Adjusted EBITDA from continuing operations reached $659 million, up 6% from the previous year[10][11] - Recurring monthly revenue (RMR) increased by 2% to $359 million, equivalent to an annualized figure of $4.3 billion[2][9] - Total revenue for Q3 2024 was $1,078 million, a 2% increase from $1,053 million in Q3 2023[24] - Monitoring and related services revenue increased by 24% to $1,078 million, while security installation and other services revenue rose by 40% to $166 million[24] - Operating income for Q3 2024 was $326 million, a 6% increase from $307 million in Q3 2023[24] - Net income for Q3 2024 was $127 million, compared to a net loss of $86 million in Q3 2023, representing a significant turnaround[24] - Income from continuing operations per share (diluted) was $0.14, up from $0.13 in the same quarter last year[24] - The company reported a 98% decrease in loss from discontinued operations, from a loss of $209 million in Q3 2023 to a loss of $5 million in Q3 2024[24] Cash Flow and Liquidity - Year-to-date net cash provided by operating activities was $1.4 billion, reflecting a 14% increase[2] - Net cash provided by operating activities for the three months ended September 30, 2024, was $498 million, up from $446 million in the same period of 2023, representing an increase of 11.7%[28] - Free Cash Flow for the nine months ended September 30, 2024, was $1,425 million, compared to $1,246 million for the same period in 2023, indicating a growth of 14.4%[28] - Cash and cash equivalents increased to $205 million as of September 30, 2024, from $149 million at the beginning of the period, marking a rise of 37.5%[28] - Operating cash flow for the three months ended September 30, 2024, was $498 million, up from $446 million in the same period of 2023, representing an increase of 11.7%[35] - Free Cash Flow for the three months ended September 30, 2024, was $119 million, compared to $111 million in 2023, reflecting a growth of 7.2%[35] - Adjusted Free Cash Flow for the three months ended September 30, 2024, was $137 million, down from $148 million in 2023, indicating a decrease of 7.4%[35] Strategic Initiatives - ADT completed a strategic bulk purchase of approximately 49,000 customer accounts for $81 million, enhancing economies of scale[5] - The company completed the divestiture of its commercial business in October 2023, which is expected to impact future operations positively[22] - The company is exiting the residential solar business, with anticipated costs and benefits still under evaluation[22] - The company is actively repurchasing shares under its authorized share repurchase program, aiming to improve leverage ratios[22] - The company expects to complete the implementation of a new ERP system in the second half of 2025, which will reduce associated costs[35] Debt and Equity - Long-term debt remained stable at $7,525 million as of September 30, 2024, compared to $7,513 million at December 31, 2023[26] - Total debt as of September 30, 2024, was $7,721 million, with a Debt to Income from Continuing Operations ratio of 14.6x[47] - Total stockholders' equity rose to $3,897 million, up from $3,789 million, reflecting an increase of 2.85%[26] - The company's LTM Historical Adjusted EBITDA is $2,539 million, resulting in a net leverage ratio of 3.6x[52] - The debt to income (loss) ratio stands at 256.0x, indicating significant leverage relative to net income of $38 million[50] - Total first lien debt amounts to $8,584 million, while total debt is $9,884 million[52] - The net leverage ratio calculated from continuing operations is 2.9x, based on LTM Adjusted EBITDA of $2,553 million[48] Guidance and Future Outlook - The company tightened its 2024 financial guidance, projecting total revenue between $4.8 billion and $5.0 billion[15][16] - A cash dividend of $0.055 per share was declared, payable on January 9, 2025[14] - The company plans to exclude cash flows related to the solar business from future non-GAAP measures as the business is substantially wound down[32] Ratings and Customer Engagement - The ADT+ app received an average rating of 4.7 stars, making it the highest-rated app in the home security category[6]

Continued strong financial results, cash generation, and leverage reduction Revenue up 5% versus prior year period GAAP income from continuing operations up 7%; Adjusted EBITDA up 6% Record-high recurring monthly revenue; solid customer retention On track to achieve full year 2024 guidance metrics BOCA RATON, Fla., Oct. 24, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE: ADT), the most trusted brand in smart home and small business security, today reported results for the third quarter of 2024. Financial highlight ...

BOCA RATON, Fla., Oct. 17, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE: ADT) will release its third quarter 2024 financial results before the market opens on Thursday, Oct. 24, 2024. Following the release, management will host a conference call at 10 a.m. ET to discuss the financial results and lead a question-and-answer session. Participants may listen to a live webcast through the investor relations website at investor.adt.com. A replay of the webcast will be available on the website within 24 hours of the li ...

I give a buy rating for ADT Inc. (NYSE: ADT ) as I am positive about the secular tailwind for household security solutions in the US. ADT is definitely in a favorable position toI am an individual investor that is now fully focus on managing my own capital that I have saved up over the years. My investing background spreads across a wide spectrum as I believe there are merits to each approach, for instance: Fundamental investing [Bottoms-up etc.], Technical investing [historical charts analysis], and to som ...

ORION CORPORATION PRESS RELEASE 16 SEPTEMBER 2024 at 11.30 EEST         Darolutamide plus androgen deprivation therapy significantly reduced the risk of radiological progression or death by 46% compared to placebo plus ADT in patients with metastatic hormone-sensitive prostate cancer Results from the pivotal Phase III ARANOTE trial evaluating darolutamide plus androgen deprivation therapy (ADT) showed a statistically significant increase in radiological progression-free survival (rPFS) compared to placebo ...

Market Overview - Global security service revenues are projected to increase 3.8% annually to $311 billion by 2028, driven by economic growth and urbanization, particularly in lower- and middle-income countries [1] - The global security services industry was valued at $259 billion, with historical revenue data from 2013, 2018, and 2023, and forecasts extending to 2028 and 2033 [2] - The commercial and industrial market is expected to account for 68% of global security service revenue growth, supported by the increasing adoption of modern security technology in nonresidential buildings [8] Growth Drivers - Technology-driven segments, such as systems integration and alarm monitoring, are expected to post the fastest growth due to the increasing use of electronic security systems and AI [3][4] - AI technology is accelerating the importance of surveillance, transforming visual data into actionable intelligence and enhancing the effectiveness of security operations [5] - Security providers are evolving into security partners, offering value-added services like consulting, system integration, and education on emerging threats [6] Market Segmentation - The security services market is segmented by service type (guard, alarm monitoring, cash-in-transit, systems integration, and other services) and by market (commercial and industrial, government and institutional, residential) [2][8] - The residential market is expected to be the fastest-growing segment globally, driven by the expansion of middle-class populations in industrializing markets [8] Regional Insights - The report provides detailed revenue breakdowns by region, including North America, Central & South America, Western Europe, Eastern Europe, Asia/Pacific, and Africa/Mideast [15] Competitive Landscape - The study evaluates company market share and competitive analysis, focusing on key industry players such as ADT, Allied Universal, Brink's, Prosegur, and Securitas AB [2] Historical Trends - The security industry has historically been perceived as recession-resistant, with increased security spending during economic instability due to heightened perceptions of crime risk [7][8] - Demand for security services is influenced by factors such as real and perceived exposure to potential loss, the level of expected losses, and the use of alternative security products [7] Public Safety and Legal Environment - The demand for private security services is influenced by the effectiveness of public safety forces, including police, courts, and military, which can either reduce or increase the need for private security [9] - The legal and regulatory environment significantly impacts the security industry, with varying licensing, training, and use-of-force regulations across different regions [10][11] Technology and Innovation - The integration of AI and building automation systems is reshaping the security industry, with a focus on enhancing threat detection and response times [3][4][5] - The increasing complexity of security systems is driving demand for specialized skills and value-added services, particularly in higher-income countries [1][6]

BOCA RATON, Fla., Aug. 21, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE: ADT), the most trusted brand in smart home and small business security, today announced the appointment of Suzanne Yoon to the Company’s Board of Directors as an additional independent director. “We are pleased to welcome Suzanne to our board of directors,” said ADT Chairman, President and CEO, Jim DeVries. “She brings a wealth of experience, financial expertise and a deep understanding of value creation. Suzanne has a strong commitment to ...

ADT confirmed this week that it was recently hacked, compromising some customer data. The home security company did not say when the cyberattack and data breach occurred, but disclosed that the attackers accessed the company’s databases containing customer home addresses, email addresses, and phone numbers. In a brief regulatory filing published late Wednesday, ADT said it has “no reason to believe” that customer home security systems were compromised during the incident, but ADT did not say how it reached ...

Core Viewpoint - ADT Inc. is experiencing increased costs due to a greater mix of interactive and smart home solutions, as well as cybersecurity upgrades, which are expected to enhance future net sales growth. The company is considered undervalued based on its discounted cash flow model, which implies a higher valuation than the current stock price [3][12][13]. Business Model - ADT provides security, interactive, and smart home solutions to consumers and small businesses in the U.S., with 6.4 million security monitoring service subscribers reported in the last quarter. The company achieved a quarterly revenue of $1.21 billion and non-GAAP EPS of approximately $0.17, aligning with analyst expectations [4][5]. Financial Performance - The company’s total revenue increased from $466 million in 2014 to an estimated $2.4 billion in 2024, with EBITDA rising from $132 million to approximately $2.4 billion during the same period. Net income became positive in 2022, reaching $674 million in 2024 [7][9]. Balance Sheet Growth - Total assets grew from about $2.3 billion in 2015 to approximately $15.9 billion in 2024, while total equity increased from $702 million to about $3.8 billion. The current book value per share is around $4.22, indicating potential undervaluation [8]. Free Cash Flow and DCF Model - ADT reported positive free cash flow from 2016 to 2024, with FCF standing at approximately $940 million in 2024. The discounted cash flow model suggests a target price of about $9.33 per share, with an implied valuation close to $16 billion [9][10]. Market Outlook - The fast-growing do-it-yourself market is expected to enhance future net sales growth, alongside new products and services, and a greater mix of interactive and smart home solutions. The company anticipates a shift towards outright sales transactions, which may impact future results positively [9][12]. Valuation Metrics - ADT's valuation metrics indicate it could be trading at more than 10x TTM Non-GAAP earnings and 5x forward EBITDA, while competitors trade at higher multiples. The P/E Non-GAAP (TTM) is 10.71, compared to the sector median of 14.05, reflecting a significant discount [6].

Financial Performance - Total revenue for the three months ended June 30, 2024, was $1,204,559, a 3.1% increase from $1,168,077 in the same period of 2023, with a six-month total of $2,394,231, up 4.1% from $2,300,553[184]. - Monitoring and related services revenue increased by $24,810 to $1,068,065 for the three months ended June 30, 2024, and by $58,829 to $2,130,717 for the six months[184]. - Adjusted EBITDA for the three months ended June 30, 2024, was $629,287, a decrease of $11,525 from $640,812 in the prior year, while for the six months, it increased by $36,135 to $1,266,978[199]. - Net income for the three months ended June 30, 2024, was $92,394, a slight increase from $92,211 in the prior year, while for the six months, it was $183,945, compared to a loss of $(26,626) in the previous year[184]. - Cash and cash equivalents as of June 30, 2024, totaled $37,883, with total debt outstanding at $7,724,470[207]. - Net cash provided by operating activities for the six months ended June 30, 2024, was $927,005, an increase of $127,570 from $799,435 in the prior period[224]. Customer Metrics - As of June 30, 2024, the company served approximately 6.4 million security monitoring service subscribers[165]. - Recurring monthly revenue (RMR) is generated by contractual recurring fees for monitoring and other recurring services provided to customers[180]. - End-of-period recurring monthly revenue (RMR) was $355,179, up from $347,567, reflecting a $7,612 increase[184]. - Gross customer revenue attrition remained flat at 12.9% compared to the prior period[187]. - The company reported that gross customer revenue attrition and recurring monthly revenue were not impacted by the ADT Solar Exit[170]. Expenses and Charges - The company incurred aggregate exit charges of $13 million and $89 million during the three and six months ended June 30, 2024, respectively, related to the ADT Solar Exit[169]. - The company expects to spend an additional $30 million to $50 million associated with expenditures related to the ADT Solar Exit[170]. - Selling, general, and administrative expenses rose by $69,222 to $388,440 for the three months ended June 30, 2024, and by $92,586 to $747,003 for the six months[189]. - Interest expense increased by $26,222 to $(109,700) for the three months ended June 30, 2024, and decreased by $57,261 to $(197,150) for the six months[191]. - The effective tax rate for the three months ended June 30, 2024, was 32.2%, compared to 26.9% in the same period of 2023[193]. Strategic Initiatives - The company is focused on effectively implementing strategic partnerships with State Farm and Google for product commercialization and research funding[230]. - The company aims to successfully implement an equipment ownership model to meet customer needs and maintain its receivables securitization financing[231]. - The company is exploring alternate business opportunities and strategies to enhance growth[231]. - The company is focused on integrating acquired companies efficiently and cost-effectively[231]. Risks and Challenges - The company has experienced fewer relocation disconnects and higher non-payment disconnects due to housing market conditions and a weaker macroeconomic environment[175]. - The company faces uncertainties related to rapid technological changes and the development of its next-generation platform[230]. - Supply chain disruptions may impact the company's ability to maintain and grow its existing customer base[231]. - The company is dependent on third-party providers for cost-effective production and distribution of its products and services[231]. - The company monitors market risks, including interest rate changes, as part of its overall risk management program[233]. - There were no material changes in the company's interest rate risk exposure compared to the previous annual report[233].