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Stock impact report

ADT Reports Third Quarter 2024 Results

ADT Inc. (ADT) 
Last adt inc. earnings: 3/5 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.adt.com/home/default.aspx
Company Research Source: GlobeNewswire
Continued strong financial results, cash generation, and leverage reduction Revenue up 5% versus prior year period GAAP income from continuing operations up 7%; Adjusted EBITDA up 6% Record-high recurring monthly revenue; solid customer retention On track to achieve full year 2024 guidance metrics BOCA RATON, Fla., Oct. 24, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE: ADT), the most trusted brand in smart home and small business security, today reported results for the third quarter of 2024. Financial highlights for the third quarter are below with variances on a year-over-year basis unless otherwise noted. Results of the former commercial and solar segments are presented as discontinued operations, except for cash flow measures. Total revenue increased by 5% to $1.2 billion and end-of-period recurring monthly revenue (RMR) increased 2% to $359 million ($4.3 billion on an annualized basis)Strong customer retention with gross revenue attrition of 12.8% and revenue payback at 2.2 y Show less Read more
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