ADT Q1 2024: CSB revenue +5%, Adj EPS $0.16, reaffirms FY guidance

ADT Inc.

GAAP income from cont ops $92M ($0.10/dil) vs loss $127M ($0.14 loss) in prior year.
CSB segment revenue $1.19B (+5% YoY); Adj EBITDA $638M (+8%), margin 54% (+200bps).
Repurchased 15M shares for $93M; remaining $257M authorization.
Solar exit: Q1 revenue $20M, Adj EBITDA loss $24M; expects $40-60M cash outflows.
Reaffirmed 2024 guidance: CSB revenue $4.8-5.0B, Adj EPS $0.60-0.70.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ADT Inc. reported the three months ended March 31, 2024 results: revenue $1.2 billion, net income $92 million, EPS $0.10 per diluted share. Guidance reaffirmed.

Period: the three months ended March 31, 2024
Revenue: $1.2 billion
Net income: $92 million
EPS: $0.10 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

operations GAAP presentation following the sale of the commercial business. Variances are on a year-over-year basis unless otherwise noted. First Quarter 2024 • Total revenue of $1.2 billion with end-of-period recurring monthly revenue (RMR) up 3% 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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Source: SEC EDGAR

accession 0001703056-24-000050

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