"We are thrilled to see this kind of partnership in action - a generous supporter like Ring, a local fan favorite like Paris Johnson Jr., and something truly special for our Habitat homeowners,†said Todd Rogers, President & CEO, Habitat for Humanity Central Arizona. "We are deeply grateful to everyone involved for making a positive impact in our community.†As part of the initiative, Ring will donate and install four Ring devices in each home—44 devices total—at no cost to the families. Products will inclu ...

The last time I did a full review of ADT, more than a year ago, the security company had just released its new platform, ADT Plus, as well as more compact home devices.I came away impressed by the many improvements ADT had made to its system, including useful smart features and the Trusted Neighbor interactions with Google Nest devices. The system could now identify familiar faces and unlock compatible Yale smart locks. It was still a little clunky and needed continued development, but it represented a broa ...

Annual Study Rates Leading Lock Brand Most Trusted Door Lock Brand Seventh Consecutive Year CARMEL, Ind., Jan. 20, 2026 /PRNewswire/ -- Schlage®, a pioneer in home security and access solutions for over 100 years, has been recognized as the most trusted door lockset and hardware brand in the 2026 America's Most Trusted® Door Locks & Hardware Study conducted by Lifestory Research. This year marks the seventh consecutive year that Schlage has been awarded this distinguished recognition, solidifying its positi ...

Core Insights - The smart home security market is experiencing a significant transformation as AI evolves from a mere buzzword to a key business driver [2] Company Summaries - **ADT**: Operates a traditional monitoring model with 6.5 million customers, generating $5.11 billion in annual revenue, including $1.10 billion from recurring monitoring subscriptions. The company is focusing on the ADT+ platform, integrating AI through a partnership with Google [3][7] - **Resideo Technologies**: Offers hardware solutions under brands like Honeywell Home and First Alert, with annual revenue of $7.44 billion. The company focuses on HVAC controls and home safety equipment rather than monitoring services [4][9] - **Arlo Technologies**: Specializes in security cameras with Wi-Fi and cellular connectivity, generating $510 million in annual revenue from camera sales and optional cloud storage subscriptions [5] - **Google**: Functions as both a competitor and collaborator in the smart home market, with its Nest product line competing in hardware while partnering with ADT to provide AI capabilities. Google's involvement is relatively minor compared to its overall business [6] Business Model Comparisons - Revenue stability is a key differentiator among these companies. ADT's monitoring business yields predictable monthly income with 25.7% operating margins, resulting in $2.66 billion in EBITDA over the past year [7] - Google's stock has increased by 60% year-to-date, while ADT's stock has risen by 21%, indicating market preference for AI providers over traditional monitoring operators [8] - ADT's recurring monitoring generates $1.10 billion with 25.7% operating margins, while Arlo's $510 million revenue results in only 0.84% profit margins. ADT's earnings growth of 24.7% surpasses its revenue growth of 4.4%, suggesting that AI enhances profitability more than expansion [8]

Core Viewpoint - ADT has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system reflects changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - Rising earnings estimates for ADT suggest an improvement in the company's underlying business, likely leading to increased stock prices [5][10]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [7][9]. - Only the top 20% of Zacks-covered stocks receive a "Strong Buy" or "Buy" rating, indicating superior earnings estimate revisions [10]. Earnings Estimate Revisions for ADT - For the fiscal year ending December 2025, ADT is expected to earn $0.87 per share, unchanged from the previous year, but the Zacks Consensus Estimate has increased by 1.2% over the past three months [8].

Core Insights - Schlage's Arrive™ Smart WiFi Deadbolt has been recognized as a winner in Good Housekeeping's 2026 Home Reno Awards, highlighting its innovative features and market acceptance [1]. Product Features - The Schlage Arrive™ Smart WiFi Deadbolt combines simplicity, durability, and smart security, being the first push-button keypad deadbolt with built-in WiFi, allowing for direct connection to home WiFi networks without additional accessories [2]. - Users can manage up to 250 access codes, track lock history, receive customized notifications, and adjust lock settings through the Schlage Home app, enhancing remote management capabilities [2]. Brand Positioning - Schlage has established itself as a trusted name in home security for over a century, recognized as America's Most Trusted® Door Lockset Brand, and continues to lead with innovative smart access solutions [3]. - The brand's commitment to innovation is reflected in its integration with popular smart home ecosystems and user-friendly app, empowering homeowners to control access remotely [3]. Company Overview - Allegion, the parent company of Schlage, is a global leader in seamless access solutions, focusing on safety and convenience through advanced technology [4]. - Schlage received the highest numerical score in the Lifestory Research 2025 America's Most Trusted® Door Lockset Brand study, indicating strong consumer trust and brand reputation [5].

Financial Data and Key Metrics Changes - Total revenue grew 4% to $1.3 billion [3] - Adjusted EBITDA increased 3% to $676 million, with adjusted earnings per diluted share of $0.23, up 15% year-over-year [3][11] - Year-to-date adjusted free cash flow reached $709 million, up 36% [11] - Recurring monthly revenue balance was $362 million, up 1% year-over-year [3] Business Line Data and Key Metrics Changes - Monitoring and services revenue increased by 2%, with an ending RMR balance of $362 million [12] - Installation revenue rose 21% to $200 million, reflecting a shift to higher average prices with more customers choosing ADT Plus offerings [12] - Gross subscriber additions were 210,000, contributing $12.5 million in RMR, but were down year-over-year due to fewer bulk account purchases [12] Market Data and Key Metrics Changes - Attrition rate increased to 13%, up 13 basis points from the previous quarter [4][25] - Non-payment cancels were higher than last year, while voluntary losses worsened compared to the previous year [25] Company Strategy and Development Direction - The company’s strategy focuses on three core pillars: unrivaled safety, innovative offerings, and a premium customer experience [5] - ADT Plus platform is gaining traction, with 25% of new customer additions installed with this platform [7] - The company is investing in product and experience ecosystem enhancements to drive customer loyalty [5][6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving financial commitments for 2025 despite macroeconomic uncertainties [10][39] - The company is focused on operational excellence and long-term value creation [10] - Management noted that customer sentiment remains cautious, with relocations at low levels [4] Other Important Information - The company returned $746 million to shareholders through share repurchases and dividends year-to-date [3][14] - A new bond issuance and term loan were completed to manage debt and improve liquidity [15][59] Q&A Session Summary Question: Insights on free cash flow growth and 2026 modeling - Management highlighted successful cash tax management and reduced borrowing costs as key factors for 2026 free cash flow growth [20] Question: Details on retention improvement initiatives - Management discussed ongoing efforts to improve customer retention through enhanced customer service and new offerings like ADT Plus [25] Question: Impact of macroeconomic factors on business - Management noted cautious consumer sentiment and elevated delinquency rates but remained confident in achieving Q4 guidance [36][39] Question: Lower SAC spend strategy - Management indicated that the lower SAC spend was a combination of deliberate strategy and the quality of customers [42] Question: Updates on State Farm partnership and new digital approach - Management explained the pivot to a digital, relocation-focused approach to attract new customers after the original program underperformed [45][46] Question: Timeline for attrition improvement - Management anticipates improvements in attrition rates by Q1 or Q2 of the following year due to ongoing initiatives [49]

Financial Performance - Q3 2025 - Total revenue reached $13 billion, a 4% increase compared to Q3 2024[66, 68] - Adjusted EPS increased by 15% to $023[66, 68] - Adjusted EBITDA grew by 3% to $676 million, with a margin of 521%[66, 68] - Adjusted Free Cash Flow (including interest rate swaps) increased significantly by 32% to $208 million[66, 68] - The Net Leverage Ratio decreased slightly by 01x to 28x[66] Financial Performance - Year-to-Date Q3 2025 - Total revenue increased by 6% to $3852 billion[74] - Adjusted EBITDA increased by 4% to $2010 billion, with a margin of 522%[75, 76] - Adjusted EPS increased by 20% to $067[74, 77] - Adjusted Free Cash Flow (including interest rate swaps) increased significantly by 36% to $709 million[74] Key Metrics - The ending subscriber count was 63 million, a decrease of 1% year-over-year[79] - End of period RMR including wholesale increased by 1% to $362 million[79] - Gross RMR additions decreased by 15% to $125 million[79] - Gross unit additions decreased by 16% to 210K[79] - Gross revenue attrition increased by 20 bps to 130%[79] 2025 Guidance (Updated) - Total Revenue is projected to be between $5075 billion and $5175 billion, representing a 5% year-over-year growth[37, 85] - Adjusted EBITDA is expected to be between $2665 billion and $2715 billion, representing a 4% year-over-year growth[37, 85] - Adjusted EPS is projected to be between $085 and $089, representing a 16% year-over-year growth[85] - Adjusted Free Cash Flow (including interest rate swaps) is expected to be between $800 million and $900 million, representing a 14% year-over-year growth[37, 85]

Core Insights - ADT Inc. reported a 4% increase in total revenue for Q3 2025, reaching $1.3 billion, driven by durable recurring monthly revenue and solid customer retention [4][6][8] - The company achieved a year-to-date GAAP Operating Cash Flow increase of 6% and an Adjusted Free Cash Flow increase of 36%, totaling $208 million for the quarter [1][4][9] - ADT returned $746 million to shareholders year-to-date through share repurchases and dividends, with $157 million returned in Q3 alone [1][12] Financial Performance - Total revenue for Q3 2025 was $1,298 million, up from $1,244 million in Q3 2024, marking a 4% year-over-year increase [6][25] - GAAP income from continuing operations was $144 million, or $0.17 per diluted share, reflecting an increase of $11 million from the previous year [4][8] - Adjusted income from continuing operations was $187 million, or $0.23 per diluted share, up $4 million year-over-year [4][8] Cash Flow and Shareholder Returns - Net cash provided by operating activities was $480 million, down $18 million from the previous year, primarily due to higher cash tax disbursements [9][31] - Adjusted Free Cash Flow, including interest rate swaps, was $208 million, up $50 million year-over-year, driven by lower subscriber acquisition spending [1][9] - The company repurchased 13 million shares for $112 million during Q3, totaling 78 million shares repurchased year-to-date [5][12] Strategic Developments - ADT completed a strategic bulk purchase of approximately 15,000 customer accounts for $24 million, expected to yield attractive returns [5] - The company launched the ADT+ Alarm Range Extender to enhance its platform's capabilities and introduced new automation and AI-driven testing for app development [7] - ADT's corporate social responsibility program, ADT Safe Places, made significant donations to first responder organizations and a nonprofit supporting affordable childcare [7] Financial Outlook - The company updated its 2025 financial guidance, projecting total revenue between $5,075 million and $5,175 million, and Adjusted EBITDA between $2,665 million and $2,715 million [13][14] - The Adjusted EPS guidance was revised to a range of $0.85 to $0.89 [14]

Core Insights - NN Inc. reported a quarterly loss of $0.01 per share, aligning with the Zacks Consensus Estimate, compared to a loss of $0.05 per share a year ago [1] - The company generated revenues of $103.88 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 7.44% and down from $113.59 million year-over-year [2] - NN shares have declined approximately 42.5% year-to-date, contrasting with the S&P 500's gain of 17.2% [3] Financial Performance - The company has surpassed consensus EPS estimates three times over the last four quarters, with a notable surprise of +300% in the previous quarter [1] - The current consensus EPS estimate for the upcoming quarter is $0.02 on revenues of $110.2 million, with breakeven expected on revenues of $436.04 million for the current fiscal year [7] Industry Context - NN operates within the Zacks Metal Products - Procurement and Fabrication industry, which is currently ranked in the top 8% of over 250 Zacks industries [8] - The performance of NN's stock may be influenced by the overall outlook for the industry, as research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8] Future Outlook - The sustainability of NN's stock price movement will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] - The estimate revisions trend for NN was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6]