ADT Q4 adj EPS $0.25, CSB rev +5%; raises dividend 57%, guides 2024 adj EBITDA $2.53-2.63B

ADT Inc.

Q4 adjusted income from continuing ops $226M ($0.25 diluted EPS) vs $77M ($0.08) a year ago; GAAP income $85M.
CSB segment revenue $1,172M (+5%), Adjusted EBITDA $627M (+8%); total revenue $1,222M as solar declined.
Full-year adjusted EBITDA $2,365M; debt reduced by $2.1B in 2023; no revolver borrowings outstanding.
End-of-period RMR $353M (+4%), gross revenue attrition 12.9%, revenue payback 2.1 years.
2024 guidance: CSB rev $4.8-5.0B, adj EBITDA $2,525-2,625M, adj EPS $0.60-0.70, adj FCF $700-800M; dividend up 57% to $0.055/qtr; $350M buyback authorized.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ADT Inc. reported 2024 results: revenue CSB Segment Total Revenue $4,800 - $5,000, EPS Total Company Adjusted EPS $0.60 - $0.70. Guidance initiated.

Period: 2024
Revenue: CSB Segment Total Revenue $4,800 - $5,000
EPS: Total Company Adjusted EPS $0.60 - $0.70
Guidance: initiated
Result: guidance update

Exact text from the filing

financial guidance for 2024, with all metrics representing an improvement over 2023 performance. (in millions, except per share data) 2024 Guidance CSB Segment Total Revenue $4,800 - $5,000 Adjusted EBITDA $2,525 - $2,625 Total Company Adjusted EPS $0.60 - $0.70 Adjusted Free Cash Flow (including interest rate swaps) $700 - $800 The Company is not providing

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ADT Inc. reported twelve months ended December 31, 2023 results: revenue $4,983 million, net income $65 million, EPS $(0.07) per diluted share.

Period: twelve months ended December 31, 2023
Revenue: $4,983 million
Net income: $65 million
EPS: $(0.07) per diluted share
Result: reported results

Exact text from the filing

GAAP loss from continuing operations of $65 million, or $(0.07) per diluted share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ADT Inc. reported three months ended December 31, 2023 results: revenue $1.2 billion, net income $85 million, EPS $0.09 per diluted share.

Period: three months ended December 31, 2023
Revenue: $1.2 billion
Net income: $85 million
EPS: $0.09 per diluted share
Result: reported results

Exact text from the filing

the sale of the commercial business. Variances are on a year-over-year (or quarter-over-prior year quarter) basis unless otherwise noted. Fourth Quarter 2023 • Total revenue of $1.2 billion with end-of-period recurring monthly revenue (RMR) up 4% to $353 million ($4.2 billion on an annualized basis) • Consumer and Small Business (CSB) revenue of $1.2 billion, up 5%

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ADT Inc. filing history →

Source: SEC EDGAR

accession 0001703056-24-000017

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