ADT News and Press, ADT Inc. From 07/14/23

2023-07-14 11:15:00 ET Summary Market forces blew us off course in Q2, resulting in a -1.68% loss (net of fees) for our Real Assets investment strategy. The sectors we invest in—particularly metals and mining—were out of favor. We’re confident that by cont...

2023-07-10 17:30:15 ET ADT Inc ( NYSE: ADT ) disclosed in a filing on Monday that it identified errors in the non-cash goodwill impairment losses associated with its Solar unit and related tax impacts during Q3 of 2022 and Q1 of 2023. The company said during the three and nine...

2023-05-29 02:31:53 ET Summary ADT, Inc. started the year strong with stable revenues and returns. Its financial positioning remains decent, but I am concerned about its sustainability. Macroeconomic headwinds are still intense, but opportunities are visible. It is an idea...

2023-05-27 05:52:19 ET Summary The company reports a $190+ million impairment charge in Q1 due to the solar segment's sustained lack of performance. Interest coverage ratio drops to the 1.5 level in Q1. Forward-looking earnings revisions continue to be dialed down. This trend ...

2023-05-26 15:06:32 ET Summary Alarm.com Holdings, Inc. reported its Q1 2023 financial results on May 10, 2023. The firm provides a range of cloud-based security solutions for residential and commercial customers. Alarm.com Holdings has guided to a tepid revenue growth rate in...

2023-05-06 12:35:06 ET The Industrial Select Sector ( XLI ) fell for the second week in a row, ending -0.49% . XLI and was among the eight, out of the 11 S&P 500 sectors, which closed the week in red. The SPDR S&P 500 Trust ETF ( SPY ) sunk -0.79% amid a week which s...

2023-05-02 12:01:02 ET ADT Inc. (ADT) Q1 2023 Earnings Conference Call May 02, 2023 10:00 AM ET Company Participants Elizabeth Landers - Senior Director of Investor Relations Jim DeVries - President & Chief Executive Officer Ken Porpora - Executive Vice Presi...

2023-05-02 11:27:06 ET ADT ( NYSE: ADT ) stock price has dumped 12% on Tuesday after the company reported its Q1 earnings . Total revenue reported was $1.6B, up 4%, misses consensus by $40M . End-of-period recurring monthly revenue ( RMR ) of $378M, up 4%. A...

2023-05-02 07:12:34 ET ADT press release ( NYSE: ADT ): Q1 Non-GAAP EPS of $0.12 beats by $0.04 . Revenue of $1.61B (+3.9% Y/Y) misses by $40M . Adjusted EBITDA of $625 million, up $24 million or 4%. The Company is reiterating its financial guidan...

Strong year-over-year growth in revenue; CSB and Commercial up 7% and 15%, respectively, versus prior year period Maintained record high customer retention and new record high recurring monthly revenue balance Improved capital efficiency with record reven...