Articles from ADT Inc.

BOCA RATON, Fla., Jan. 22, 2025 (GLOBE NEWSWIRE) -- ADT Inc. (NYSEADT), the most trusted brand in smart home and small business security, today announced the appointment of Thomas Gartland to the Company’s Board of Directors as an additional independent director. In conjunction with his appointment, Gartland will join the Board’s Audit Committee.

BOCA RATON, Fla., Oct. 28, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSEADT) (“ADT” or the “Company”) today announced the pricing of the previously announced secondary public offering of 56,000,000 shares of the Company’s common stock held by certain entities managed by affiliates of Apollo Global Management, Inc. (the “Selling Stockholders”). The offering is expected to close on October 30, 2024, subject to satisfaction of customary conditions. The underwriters will have a 30-day option to purchase up to an additional 8,400,000 shares of common stock from the Selling Stockholders. The Company is not selling any shares and will not receive any proceeds from the offering.

BOCA RATON, Fla., Oct. 28, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSEADT) (“ADT” or the “Company”) today announced a proposed secondary public offering of 56,000,000 shares of the Company’s common stock held by certain entities managed by affiliates of Apollo Global Management, Inc. (the “Selling Stockholders”). The underwriters will have a 30-day option to purchase up to an additional 8,400,000 shares of common stock from the Selling Stockholders. The Company is not selling any shares and will not receive any proceeds from the proposed offering.

Continued strong financial results, cash generation, and leverage reduction

BOCA RATON, Fla., Oct. 17, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSEADT) will release its third quarter 2024 financial results before the market opens on Thursday, Oct. 24, 2024. Following the release, management will host a conference call at 10 a.m. ET to discuss the financial results and lead a question-and-answer session.

BOCA RATON, Fla., Aug. 21, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSEADT), the most trusted brand in smart home and small business security, today announced the appointment of Suzanne Yoon to the Company’s Board of Directors as an additional independent director.

Continued strong operating cash generation

BOCA RATON, Fla., July 18, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSEADT) will release its second quarter 2024 financial results before the market opens on Thursday, Aug. 1, 2024. Following the release, management will host a conference call at 10 a.m. ET to discuss the financial results and lead a question-and-answer session.

BOCA RATON, Fla., June 17, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSEADT), the most trusted brand in smart home and small business security, today announced the appointment of Dan Houston and Danielle Tiedt to the Company’s Board of Directors as additional independent directors. In conjunction with their appointments, Houston and Tiedt will both join the Board’s Nominating and Corporate Governance Committee, while Houston will also join the Board’s Compensation Committee.

Strong 2024 momentum anchored by cash flow growth

BOCA RATON, Fla., April 24, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSEADT), the most trusted brand in smart home and small business security, announced today that Jeff Likosar has been named Chief Financial Officer.

BOCA RATON, Fla., April 11, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSEADT) will release its first quarter 2024 financial results before the market opens on Thursday, April 25, 2024. Following the release, management will host a conference call at 10 a.m. ET to discuss the financial results and lead a question-and-answer session.

BOCA RATON, Fla., March 06, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSEADT) (“ADT” or the “Company”) today announced the pricing of a secondary public offering of 65,000,000 shares of the Company’s common stock held by certain entities managed by affiliates of Apollo Global Management, Inc. (the “Selling Stockholders”) at a price to the public of $6.50 per share. The offering is expected to close on March 11, 2024, subject to satisfaction of customary conditions.

BOCA RATON, Fla., March 06, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSEADT) (“ADT” or the “Company”) today announced the commencement of a proposed secondary public offering of 55,000,000 shares of the Company’s common stock held by certain entities managed by affiliates of Apollo Global Management, Inc. (the “Selling Stockholders”). The underwriters will have a 30-day option to purchase up to an additional 8,250,000 shares of common stock from the Selling Stockholders. The Company is not selling any shares and will not receive any proceeds from the proposed offering.

Streamlined focus on innovation and growth in core consumer markets

Exits Residential Solar BusinessIncreases Quarterly Dividend by 57% and Authorizes $350 Million Share Repurchase ProgramContinues to Strengthen Balance SheetSchedules Fourth Quarter and Full Year 2023 Reporting Date

BOCA RATON, Fla., Dec. 20, 2023 (GLOBE NEWSWIRE) -- ADT Inc. (NYSEADT), the most trusted brand in smart home and small business security, today announced that Ken Porpora, Executive Vice President and Chief Financial Officer (CFO), will step down to become the Chief Executive Officer of a privately held HVAC and plumbing services provider. Porpora will depart the company at year end.

BOCA RATON, Fla., Dec. 05, 2023 (GLOBE NEWSWIRE) -- ADT Inc. (NYSEADT), the most trusted brand in smart home and small business security, today announced Jim DeVries, ADT Chairman, President and Chief Executive Officer, will participate in the SHARE Series event on Friday, Dec. 8 at the New York Stock Exchange. DeVries will participate in a fireside chat, which will begin at approximately 9:30 a.m. ET.

Significant balance sheet improvement driven by divestiture of commercial business

BOCA RATON, Fla., Oct. 19, 2023 (GLOBE NEWSWIRE) -- ADT Inc. (NYSEADT) will release its third quarter 2023 financial results before the market opens on Thursday, Nov. 2, 2023. Following the release, management will host a conference call at 10 a.m. ET to discuss the financial results and lead a question-and-answer session.

BOCA RATON, Fla., Oct. 02, 2023 (GLOBE NEWSWIRE) -- ADT Inc. (NYSEADT), the most trusted brand in smart home and small business security, today completed the previously announced divestiture of its commercial security, fire, and life safety business unit to GTCR, a leading private equity firm, for a purchase price of $1.6 billion, subject to customary purchase price adjustments.

BOCA RATON, Fla., Aug. 31, 2023 (GLOBE NEWSWIRE) -- ADT Inc. (NYSEADT), the most trusted brand in smart home and small business security, today announced Jim DeVries, ADT President and Chief Executive Officer, will participate in the Goldman Sachs 2023 Communacopia + Technology Conference on Thursday, Sept. 7, 2023, in San Francisco. DeVries will participate in a fireside chat, which will begin at approximately 2:25 p.m. PT.

Record high recurring monthly revenue balance and maintained record high customer retention

Transaction unlocks substantial shareholder value with sale at significantly accretive multiples

BOCA RATON, Fla., July 28, 2023 (GLOBE NEWSWIRE) -- ADT Inc. (NYSEADT) will release its second quarter 2023 financial results before the market opens on Tuesday, Aug. 8, 2023. Following the release, management will host a conference call at 10 a.m. ET to discuss the financial results and lead a question-and-answer session.

Strong year-over-year growth in revenue; CSB and Commercial up 7% and 15%, respectively, versus prior year period

BOCA RATON, Fla., April 18, 2023 (GLOBE NEWSWIRE) -- ADT Inc. (NYSEADT) will release its first quarter 2023 financial results before the market opens on Tuesday, May 2, 2023. Following the release, management will host a conference call at 10:00 a.m. ET to discuss the financial results and lead a question-and-answer session.

New ADT Self Setup system integrates trusted ADT security with Google Nest products

Transaction accelerates progress toward goal of $1 billion net debt reduction by year-end 2025

Continued strong sequential and year-over-year growth in revenue, up 21% for full year 2022 versus prior year

BOCA RATON, Fla., Feb. 14, 2023 (GLOBE NEWSWIRE) -- ADT Inc. (NYSEADT) will release its fourth quarter and full year 2022 financial results before the market opens on Tuesday, Feb. 28, 2023. Following the release, management will host a conference call at 10:00 a.m. ET to discuss the financial results and lead a question-and-answer session.

BOCA RATON, Fla., Jan. 09, 2023 (GLOBE NEWSWIRE) -- ADT (NYSEADT) today announced the appointment of Wayne Thorsen to the newly created role of Executive Vice President and Chief Business Officer, effective immediately. Thorsen will be responsible for leading ADT’s product, innovation and new business development teams.

ADT’s Safer City CES experience showcases safe, smart and sustainable solutions for people at home, work and on the go

BOCA RATON, Fla., Dec. 16, 2022 (GLOBE NEWSWIRE) -- ADT (NYSEADT) today announced that Jamie Haenggi has been appointed to lead ADT Solar, a division of ADT Inc. Haenggi served as executive vice president and chief operating officer of ADT Solar since March and will now lead all functions within the division. Marc Jones, founder of Sunpro, which was acquired by ADT in 2021 and rebranded as ADT Solar, will serve as senior advisor to Haenggi. Jones previously served as executive vice president, ADT Solar.

Continued sequential and year-over-year improvement in revenue, up 22% versus prior year

BOCA RATON, Fla., Oct. 26, 2022 (GLOBE NEWSWIRE) -- ADT Inc. (NYSEADT) announced today the final results of its tender offer to purchase up to 133,333,333 shares of its common stock, including shares issuable upon conversion of shares of its Class B common stock, at a purchase price of $9.00 per share, in cash, less any applicable withholding taxes and without interest, representing an aggregate purchase price of $1.2 billion. The tender offer expired at 12:00 midnight, New York City time, at the end of the day on October 20, 2022.

BOCA RATON, Fla., Oct. 21, 2022 (GLOBE NEWSWIRE) -- ADT Inc. (NYSEADT) announced today the preliminary results of its tender offer to purchase up to 133,333,333 shares of its common stock, including shares issuable upon conversion of shares of its Class B common stock, at a purchase price of $9.00 per share, in cash, less any applicable withholding taxes and without interest, representing an aggregate purchase price of $1.2 billion. The tender offer expired at 12:00 midnight, New York City time, at the end of the day on October 20, 2022.

BOCA RATON, Fla., Oct. 20, 2022 (GLOBE NEWSWIRE) -- ADT Inc. (NYSEADT) will release its third quarter 2022 financial results before the market opens on Thursday, Nov. 3, 2022. Following the release, management will host a conference call at 10:00 a.m. ET to discuss the financial results and lead a question-and-answer session.

Partnership, including $300 million opportunity fund commitment by State Farm, revolutionizes the customer experience by combining security, risk mitigation and smart home capabilities