secwatch.observer — SEC 8-K summary
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Issuer:     ADT Inc. (ADT)
CIK:        0001703056
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001703056-24-000017
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703056/000170305624000017/0001703056-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703056/000170305624000017/adt-20240228.htm
  HTML page:      https://secwatch.observer/filing/0001703056-24-000017

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