Financial Data and Key Metrics Changes - Revenue increased by 3% year-over-year, totaling $1.2 billion for the quarter [16] - Adjusted free cash flow reached $251 million, up 14% from the previous year [7][15] - Adjusted net income for the quarter was $156 million, or $0.17 per share, with year-to-date earnings per share of $0.36, up 38% compared to the first half of last year [16] - Gross revenue attrition was 12.9% for the quarter, with revenue payback at 2.2 years [7][16] - Adjusted EBITDA for the quarter was $629 million, down 2% due to an unfavorable legal settlement [17] Business Line Data and Key Metrics Changes - Monitoring and services revenue increased by 2%, driven by recurring monthly revenue (RMR) from the subscriber base, which ended at a record $355 million [16] - Installation revenue rose by 9% in the quarter, attributed to higher deferred revenue amortization [17] Market Data and Key Metrics Changes - The company experienced fewer relocations, which generally leads to less consumer demand for new systems but also aids customer retention [16][17] - The partnership with State Farm saw a 7% increase in both installation and new customer RMR on a unit basis in the second quarter [13] Company Strategy and Development Direction - The company is focused on investing in the next-generation product and experience ecosystem, highlighted by the launch of the ADT+ platform [9][10] - The ADT+ platform aims to enhance customer experience through better integration with smart home devices and new features like Trusted Neighbor [10][11] - The company is also exploring AI opportunities in partnership with Google Cloud, particularly in customer care and call center operations [12][40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year financial guidance despite current macroeconomic challenges, including higher interest rates [6][15] - The company anticipates some higher subscriber acquisition costs (SAC) in the third quarter due to a potential bulk account purchase [21] - Management remains optimistic about the durability and resilience of the business model, especially in challenging economic times [46][47] Other Important Information - The company celebrated its 150th anniversary, emphasizing its ability to adapt and innovate over the years [8] - The company has reduced its net debt to $7.4 billion, down approximately $2 billion from the previous year, with no significant debt maturities until 2026 [19] Q&A Session Summary Question: How does the company balance investment in subscriber acquisition costs (SAC) with growth priorities? - Management noted that they are disciplined in their approach to growth, focusing on return standards and keeping some capital available for potential bulk opportunities in Q3 [24][26] Question: What is the progress of the State Farm partnership? - Management reported good progress, with sales increasing from 6,000 in 2023 to 9,000 year-to-date, and both RMR and install revenue per unit up 7% sequentially [29] Question: What feedback has been received regarding the ADT+ platform? - Initial feedback has been positive, with improved installer quality scores and month-over-month efficiency gains noted since the national rollout [34] Question: What are the implications of AI initiatives with Google Cloud? - Management expects to see some impact from AI initiatives in customer care late this year, with more significant financial impacts anticipated in 2025 [40] Question: How is the company positioned in a potentially weakening consumer environment? - Management believes that in challenging economic times, consumers often prioritize security, which positions the company well [46][47] Question: What are the expected benefits from the new CRM platform? - Management indicated that it is early in the implementation, but initial results are positive regarding efficiency and customer experience [49] Question: How does the ADT+ platform affect the evaluation of bulk purchases? - The ADT+ platform is increasingly factored into capital allocation decisions, making bulk purchases more attractive [52]

Second Quarter 2024 Earnings Presentation August 1, 2024 Forward Looking Statements and Non-GAAP Measures ADT has made statements in this presentation that are forward-looking and therefore subject to risks and uncertainties, including those described below. All statements, other than statements of historical fact, included in this document are, or could be, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the applicable rules and regulations of the ...

ADT (ADT) came out with quarterly earnings of $0.17 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this home security company would post earnings of $0.16 per share when it actually produced earnings of $0.16, delivering no surprise.Over the last four quarters, the company has surpassed consensus EPS estimates two times.ADT, which belongs to the Zacks Securit ...

Exhibit 99.1 ADT Reports Second Quarter 2024 Results Continued strong operating cash generation Solid revenue growth, up 3% versus prior year period Improved leverage and over $150 million debt reduction in the quarter Affirming full year 2024 guidance metrics BOCA RATON, Fla., Aug. 1, 2024 – ADT Inc. (NYSE: ADT), the most trusted brand in smart home and small business security, today reported results for the second quarter of 2024. Financial highlights for the second quarter are below with variances on a y ...

Continued strong operating cash generation Solid revenue growth, up 3% versus prior year period Improved leverage and over $150 million debt reduction in the quarter Affirming full year 2024 guidance metrics BOCA RATON, Fla., Aug. 01, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE: ADT), the most trusted brand in smart home and small business security, today reported results for the second quarter of 2024. Financial highlights for the second quarter are below with variances on a year-over-year basis unless otherwi ...

BOCA RATON, Fla., July 18, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE:ADT) will release its second quarter 2024 financial results before the market opens on Thursday, Aug. 1, 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 liv ...

BOCA RATON, Fla., July 18, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE: ADT) will release its second quarter 2024 financial results before the market opens on Thursday, Aug. 1, 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 ...

ADT (ADT) shares ended the last trading session 7.9% higher at $7.75. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 0.3% loss over the past four weeks.ADT’s rally is primarily driven by optimism regarding strength in the Consumer and Small Business segment, driven by strong customer demand for monitoring and related services. Also, the company’s strategic initiatives, innovation and operational excellence bode we ...

Core Viewpoint - ADT Inc. has appointed Dan Houston and Danielle Tiedt as independent directors to its Board, aiming to enhance business growth and maintain its mission of safety [1][2]. Group 1: Appointments and Roles - Dan Houston and Danielle Tiedt have been appointed to ADT's Board of Directors, with both joining the Nominating and Corporate Governance Committee, and Houston also joining the Compensation Committee [1]. - Houston is the chairman, president, and CEO of Principal Financial Group, which manages $709 billion in assets [1]. - Tiedt is the chief marketing officer for YouTube, overseeing a business that has grown to $40 billion during her tenure [2]. Group 2: Leadership Experience - Houston has extensive experience in driving strategy and operational excellence, which is expected to contribute to ADT's growth [1]. - Tiedt's background includes leadership roles in technology product management and marketing at Microsoft, enhancing her capability to build global brands [2]. Group 3: Company Overview - ADT provides safe, smart, and sustainable solutions for homes and small businesses, focusing on innovative offerings and premium customer experience [3].

BOCA RATON, Fla., June 17, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE: ADT), the most trusted brand in smart home and small business security, today announced the appointment of Dan Houston and Danielle Tiedt to the Company’s Board of Directors as additional independent directors. In conjunction with their appointments, Houston and Tiedt will both join the Board’s Nominating and Corporate Governance Committee, while Houston will also join the Board’s Compensation Committee. “We are pleased to welcome Dan and D ...