Adt, Inc. ( (ADT) ) has released its Q4 earnings. Here is a breakdown of the information Adt, Inc. presented to its investors.
ADT Inc., a leading provider of smart home and small business security solutions, has reported its financial results for the fourth quarter and full year of 2024, showcasing significant growth in earnings and cash flow. The company, known for its innovative security offerings, continues to strengthen its market position through strategic initiatives and robust financial performance.
In 2024, ADT achieved a 40% increase in GAAP EPS and a 25% rise in adjusted EPS, alongside a 42% boost in adjusted free cash flow. The company also reported record recurring monthly revenue and customer retention, highlighting its strong operational efficiency. ADT returned $423 million to shareholders and announced a new $500 million share repurchase plan, reinforcing its commitment to shareholder value.
Key financial metrics for the fourth quarter included an 8% increase in total revenue to $1.3 billion and a 2% rise in end-of-period recurring monthly revenue. The company reported a GAAP income from continuing operations of $197 million, marking an $90 million increase. For the full year, ADT’s GAAP income from continuing operations reached $619 million, up $169 million, with adjusted income from continuing operations at $685 million, reflecting a $136 million increase.
ADT’s strategic initiatives in 2024 included the rollout of its ADT+ platform, integration with Google Nest devices, and the launch of the Trusted Neighbor service. The company also expanded its remote assistance program and continued its partnership with State Farm, focusing on proactive risk detection. ADT’s commitment to innovation was recognized with several industry awards, including the ‘Home Security Innovation of the Year.’
Looking ahead, ADT’s management remains optimistic about 2025, with plans to maintain its growth momentum through continued investment in innovative solutions and strategic partnerships. The company aims to deliver solid growth in cash flow and earnings per share, further enhancing value for shareholders, customers, and employees.