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Dec 31, 2023
ADT Q4 2023 Earnings Report
ADT reported Q4 2023 results, streamlining its focus on innovation and growth in core consumer markets and fortifying its balance sheet with significant debt reduction.
Key Takeaways
ADT Inc. reported Q4 2023 results, with total revenue of $1.2 billion. The company focused on its core consumer security and smart home business after divesting its commercial business and exiting solar. The company also reduced debt and increased its dividend.
Total revenue reached $1.2 billion.
End-of-period recurring monthly revenue (RMR) increased by 4% to $353 million.
GAAP income from continuing operations was $85 million, or $0.09 per diluted share.
Adjusted income from continuing operations was $226 million, or $0.25 per diluted share.
Revenue by Segment
Forward Guidance
The Company is providing the following financial guidance for 2024, with all metrics representing an improvement over 2023 performance.
Positive Outlook
- CSB Segment Total Revenue: $4,800 - $5,000 million
- CSB Segment Adjusted EBITDA: $2,525 - $2,625 million
- Total Company Adjusted EPS: $0.60 - $0.70
- Total Company 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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