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Jun 30, 2024
ADT Q2 2024 Earnings Report
ADT delivered solid first half results with revenue growth, strong operating profitability, and cash flow generation.
Key Takeaways
ADT reported a 3% increase in total revenue, reaching $1.2 billion. The company focused on consumer and small business markets, expanding its innovative offerings and customer experience. Strong operating cash flow and debt reduction were also highlights.
Total revenue increased by 3% to $1.2 billion.
End-of-period recurring monthly revenue (RMR) increased 2% to $355 million.
GAAP income from continuing operations was $126 million, or $0.13 per diluted share.
Adjusted income from continuing operations was $156 million, or $0.17 per diluted share.
Revenue by Segment
Forward Guidance
The company is reiterating its 2024 financial guidance for Total Revenue, Adjusted EBITDA, and Adjusted Free Cash Flow while updating the range for Adjusted EPS to reflect the presentation of the solar business as a discontinued operation.
Positive Outlook
- Total Revenue: $4,800 - $5,000 million
- Adjusted EBITDA: $2,525 - $2,625 million
- Adjusted EPS: $0.65 - $0.75
- Adjusted Free Cash Flow (including interest rate swaps): $700 - $800 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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