Subscriber and Revenue Metrics - As of September 30, 2024, the company served approximately 6.4 million security monitoring service subscribers[140] - The company reported that recurring monthly revenue (RMR) is generated by contractual recurring fees for monitoring and other recurring services[156] - Total revenue for the three months ended September 30, 2024, was $1,243,836, an increase of $63,963 compared to $1,179,873 in 2023, representing a growth of approximately 5.4%[159] - Monitoring and related services revenue increased by $24,094 to $1,077,550 for the three months ended September 30, 2024, driven by higher recurring revenue of $21 million[162] - Security installation, product, and other revenue rose by $39,869 to $166,286 for the three months ended September 30, 2024, primarily due to increased installation revenue[162] - Gross customer revenue attrition remained stable at 12.8% for the three months ended September 30, 2024, compared to 12.9% in the prior year[162] Financial Performance - Adjusted EBITDA for the three months ended September 30, 2024, was $658,691, up $35,246 from $623,445 in 2023, reflecting a growth of approximately 5.7%[160] - Net income for the three months ended September 30, 2024, was $127,151, compared to a loss of $86,237 in 2023, indicating a positive change of $213,388[159] - For the nine months ended September 30, 2024, Adjusted EBITDA rose to $1.93 billion, compared to $1.85 billion in the same period last year, an increase of $71.4 million[179] Expenses and Costs - Selling, general, and administrative expenses increased by $12,076 to $358,520 for the three months ended September 30, 2024, primarily due to higher general and administrative costs[165] - Interest expense, net, increased by $14,980 to $(161,830) for the three months ended September 30, 2024, mainly due to a decrease in net unrealized gains on interest rate swaps[169] - Income tax expense for the three months ended September 30, 2024, was $50 million, resulting in an effective tax rate of 27.6%[171] Cash Flow and Liquidity - Net cash provided by operating activities for the nine months ended September 30, 2024, was $1.43 billion, up from $1.25 billion in 2023, reflecting a change of $179.5 million[201] - Cash and cash equivalents as of September 30, 2024, totaled $95.3 million, with restricted cash amounting to $109.4 million[182] - The company has a total debt outstanding of $7.72 billion, indicating a highly leveraged position[182] - The company expects ongoing liquidity sources to include cash generated from operations and borrowings under credit facilities, with a focus on meeting operational and business needs[183] Strategic Initiatives and Future Outlook - The company expects to achieve revenue breakeven for new subscriber acquisitions in approximately two years[148] - The company anticipates a shift towards an increasing proportion of outright sales transactions, impacting future results[151] - The company has a strategic partnership with State Farm, which is expected to enhance product commercialization and market presence[207] - The company expects to utilize its remaining net operating losses during 2024 and anticipates becoming a federal cash taxpayer in 2025[175] Risks and Challenges - The company emphasizes risks related to technological changes and the successful development of new products, including a next-generation platform[208] - The company faces uncertainties that could materially affect results, including supply chain disruptions and the ability to maintain and grow the customer base[209] - Forward-looking statements include expectations regarding the ADT Solar Exit and the Commercial Divestiture, with potential costs exceeding estimates[207] Shareholder Actions - During the nine months ended September 30, 2024, the company declared dividends totaling $141 million, an increase from $91 million in the same period of 2023[199] - The company repurchased 5 million shares of Common Stock in October 2024 for an aggregate purchase price of $32 million, leaving approximately $225 million remaining under the Share Repurchase Plan[187] - The company has implemented a share repurchase program, reflecting confidence in its financial position and future growth prospects[204] Accounting and Financial Stability - The company disclosed no material changes in critical accounting estimates since the 2023 Annual Report, indicating stability in financial condition assessments[205] - Interest rate risk exposure remains unchanged from the disclosures in the 2023 Annual Report, with both fixed-rate and variable-rate debt monitored[211] Operational Efficiency - The company has been able to offset rising costs through price increases and cost-saving opportunities despite experiencing some inflationary pressures[153] - The company is focused on integrating acquired companies efficiently and effectively to enhance operational performance[209]

| --- | --- | --- | --- | |------------------------------------------|-------|-------|-------| | | | | | | Third Quarter 2024 Earnings Presentation | | | | | October 24, 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-lookin ...

Core Insights - ADT reported quarterly earnings of $0.20 per share, exceeding the Zacks Consensus Estimate of $0.16 per share, and showing a significant increase from $0.08 per share a year ago, representing an earnings surprise of 25% [1] - The company generated revenues of $1.24 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.34%, with revenues remaining unchanged compared to the previous year [1] - ADT has surpassed consensus EPS estimates two times and revenue estimates two times over the last four quarters [1] Earnings Outlook - The future performance of ADT's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [2][3] - Current consensus EPS estimate for the upcoming quarter is $0.17 on revenues of $1.23 billion, while for the current fiscal year, the estimate is $0.66 on revenues of $4.87 billion [4] Industry Context - The Security and Safety Services industry, to which ADT belongs, is currently ranked in the bottom 38% of over 250 Zacks industries, indicating potential challenges for stock performance [5] - Another company in the same industry, Axon Enterprise, is expected to report quarterly earnings of $1.21 per share, reflecting a year-over-year increase of 18.6%, with revenues projected to be $526.43 million, up 27.3% from the previous year [5]

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 ...