ADT Inc. (ADT): restructuring charge — ADT exits residential solar business, raises dividend 57%, authorizes $350M buyback

ADT Inc.

Board approved full exit from solar business; solar segment had $89M Adjusted EBITDA loss in first 9 months of 2023.
Quarterly dividend increased 57% to $0.055/share; payable April 4 to holders of record March 14.
Board authorized $350M share repurchase program through late January 2025.
Repaid $500M of First Lien Senior Secured Notes due 2024; total debt reduced ~$2B in 2023.
Closed bulk purchase of ~57,000 customer accounts for $89M cash in December 2023.

item 2.05 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

ADT Inc. announced a restructuring affecting residential solar business.

Type: restructuring
Affected area: residential solar business

Exact text from the filing

On January 19, 2024, the Company’s board of directors (the “Board of Directors”) approved a plan to fully exit the residential solar business

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6 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

ADT Inc. filing history →

Source: SEC EDGAR

accession 0001703056-24-000013

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