earnings
confidence high
sentiment neutral
materiality 0.70
ADT Q2 revenue up 3% to $1.2B; Adj EPS flat at $0.17; reaffirms full-year guidance
ADT Inc.
- Revenue $1.205B (+3% YoY); GAAP net income $126M ($0.13/sh) down from $180M on legal reserves and credit losses.
- Adjusted EBITDA $629M (-2%); adjusted net income $156M ($0.17/sh) flat YoY.
- Operating cash flow $563M (+14%); adjusted free cash flow $251M (+14%).
- Dividend $0.055/sh declared; record Sep 13, pay Oct 4. Guidance reaffirmed: rev $4.8-5.0B, adj EBITDA $2.525-2.625B, adj EPS $0.65-0.75, adj FCF $700-800M.
- Debt reduction: redeemed $100M notes due 2024; repriced $1.4B term loan B saving 25bps; refinanced $618M Term Loan A into Term Loan B due 2030.