secwatch.observer — SEC 8-K summary
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Issuer:     ADT Inc. (ADT)
CIK:        0001703056
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001703056-23-000155
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ADT Q2 net income $92M, announces $1.6B commercial divestiture, cuts revenue guidance
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- Total revenue $1.6B; GAAP net income $92M ($0.10 diluted EPS); adjusted EPS $0.16, up from $0.06 YoY.
- Record RMR of $382M (+4% YoY); gross revenue attrition 12.5%, a record low; revenue payback improved to 1.9 years.
- Agreed to divest Commercial business for $1.6B; net proceeds for debt reduction; expected close Q4 2023.
- Dividend of $0.035/share declared, payable Oct 4, 2023 to record Sep 15, 2023.
- Updated FY 2023 revenue guidance to $6.3-6.5B from $6.6-6.85B; maintains Adj EBITDA, EPS, FCF guidance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703056/000170305623000155/0001703056-23-000155-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703056/000170305623000155/adt-20230808.htm
  HTML page:      https://secwatch.observer/filing/0001703056-23-000155

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer