ADT(ADT) Globenewswire·2025-02-27 11:55Core Insights - ADT Inc. reported strong financial performance for 2024, with GAAP EPS increasing by 40% and adjusted EPS rising by 25% [1][4][6] - The company achieved record recurring monthly revenue and customer retention, with a gross revenue attrition rate of 12.7% [1][6] - ADT plans to maintain momentum into 2025, supported by a new $500 million share repurchase plan [1][4] Financial Performance - Total revenue for 2024 increased by 8% to $1.3 billion, with end-of-period recurring monthly revenue rising by 2% to $359 million [6][12] - GAAP income from continuing operations for the fourth quarter was $197 million, or $0.21 per diluted share, up from $107 million in the previous year [6][13] - Adjusted income from continuing operations for the full year was $685 million, or $0.75 per diluted share, reflecting a 25% increase [14] Cash Flow and Shareholder Returns - Net cash provided by operating activities for the full year was $1.885 billion, up 14% year-over-year [16] - Adjusted Free Cash Flow, including interest rate swaps, increased by 42% to $744 million [6][12] - The company returned $423 million to shareholders through dividends and share repurchases in 2024 [18][19] Business Highlights - ADT launched its proprietary ADT+ platform, enhancing customer offerings and integrating with Google Nest devices [7][11] - The ADT Remote Assistance program achieved high customer satisfaction, with over 50% of service requests being virtual in Q4 2024 [7] - ADT's Trusted Neighbor service was recognized as "Home Security Innovation of the Year" at the IoT Breakthrough Awards [11] 2025 Financial Outlook - The company provided guidance for 2025, projecting total revenue between $5.025 billion and $5.225 billion, with adjusted EBITDA expected to be between $2.650 billion and $2.750 billion [22][23] - Adjusted EPS is forecasted to be in the range of $0.77 to $0.85, and adjusted free cash flow is expected to be between $800 million and $900 million [23][24]