ADT - ADT Inc reports Q4 Non-GAAP EPS of $0.10 revenue of $1.65B

February, 28 2023 06:59 AM ADT Inc.

ADT ( NYSE: ADT ): Q4 Non-GAAP EPS of $0.10.
Q4 Revenue of $1.65B (+17.9% Y/Y) beats by $30M .
Q4 gross customer revenue attrition of 12.5%.
Q4 GAAP net income of $151 million, adjusted net income of $92 million.
Q4 adjusted EBITDA of $629 million, up 9%.
Revenue by segment: Q4 Total CSB revenue was $1,117 million, Total Commercial revenue was $328 million, Total Solar revenue was $200 million.
"As we advance into 2023 we are forecasting solid growth in 2 revenue, earnings and free cash flow, continuing our positive trajectory across our businesses and demonstrating progress on our 2025 goals” - ADT President and CEO Jim DeVries.
Outlook: For 2023, expects total revenue $6.6B- $6.85B million and adjusted EPS $0.30 - $0.40. Consensus estimate for 2023 revenue is $6.86B and EPS is $0.72.
For 2023, expects adjusted EBITDA $2,525 - $2,625 million.
For 2023, expects adjusted Free Cash Flow (excluding items) $525 - $625 million.
Effective Feb. 28, 2023, ADT declared a cash dividend of $0.035 per share to holders of the common stock and class B common stock of record as of March 16, 2023. The dividend will be paid on April 4, 2023.

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