secwatch.observer — SEC 8-K summary
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Issuer:     ADT Inc. (ADT)
CIK:        0001703056
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001703056-23-000185
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ADT Q3 continuing ops loss $21M; CSB RMR record $350M; solar restructured; commercial sale closed
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- GAAP loss from continuing ops $21M ($0.02/diluted share) vs loss $169M YoY; adjusted EPS $0.08 vs $0.09.
- CSB revenue $1.18B (+6% YoY); RMR record $350M (+3%); gross attrition flat at 12.9%; revenue payback 2.0 years.
- Solar revenue $58M (-68%); Adjusted EBITDA loss $41M; restructuring to 16 branches targeting >$80M annual cost savings.
- Completed commercial divestiture for ~$1.6B; refinanced $1.4B debt to 2030 at 35bps lower cost; Moody's upgrade to Ba3.
- Dividend $0.035/sh declared, record Dec 14, payable Jan 9, 2024; updated FY guidance: revenue $4.95-5.15B, adj. EBITDA $2.35-2.4B, adj. EPS $0.40-0.45.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703056/000170305623000185/0001703056-23-000185-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703056/000170305623000185/adt-20231102.htm
  HTML page:      https://secwatch.observer/filing/0001703056-23-000185

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