secwatch.observer — SEC 8-K summary
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Issuer:     ADT Inc. (ADT)
CIK:        0001703056
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001703056-23-000104
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ADT Q1 net loss $90M on $193M solar impairment; adjusted EBITDA $625M, revenue up 4%
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- GAAP net loss $90M ($0.10 loss/diluted) includes $193M non-cash solar goodwill impairment; adjusted net income $102M ($0.12 EPS).
- Total revenue $1.6B (+4% YoY); CSB +7%, Commercial +15%, Solar -25% to $145M.
- Record gross customer revenue attrition 12.5% (down 40bp YoY); revenue payback improved to 2.0 years from 2.3 years.
- Reaffirmed 2023 guidance: revenue $6.6-6.85B, EBITDA $2.525-2.625B, adjusted EPS $0.30-0.40.
- Declared dividend $0.035/share, payable July 6 to holders of record June 15; redeemed $150M of 5.25% notes due 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703056/000170305623000104/0001703056-23-000104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703056/000170305623000104/adt-20230502.htm
  HTML page:      https://secwatch.observer/filing/0001703056-23-000104

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