ADT Corp. (NYSE: ADT) reported Q4 EPS of $0.13, $0.01 better than the analyst estimate of $0.12. Revenue for the quarter came in at $1.185 billion versus the consensus estimate of $1.16 billion.

• Fourth quarter total revenue of $1,185 million, up 7%; full year revenue of 4,582 million, up 6%
• Fourth quarter net loss of $149 million, compared to net income of $638 million; full year net loss of $609 million, compared to net income of $343 million
• Fourth quarter Adjusted EBITDA of $614 million, up 3%; full year Adjusted EBITDA of $2,453 million, up 4%
• Fourth quarter Adjusted Net Income of $101 million, up 33%; full year Adjusted Net Income of $657 million, up 27%
• Full year net cash provided by operating activities of $1,788 million, compared to $1,592 million
• Full year net cash used in investing activities of $1,738 million, compared to $1,413 million
• Full year net cash provided by financing activities of $193 million, compared to net cash used of $143 million
• Full year Free Cash Flow before special items of $538 million, compared to $403 million
• Trailing twelve-month revenue payback improved to 2.4 years from 2.5 years
• Trailing twelve-month gross customer revenue attrition of 13.3%, an improvement of 40 bps

“Completing a successful year for ADT, we delivered a strong fourth quarter and exceeded our financial outlook”, stated Jim DeVries, ADT’s President and CEO. “We continue to demonstrate improvement across key operating metrics and strengthened our leadership in leading-edge home automation through the launch of ADT Command and Control. Moreover, following the December acquisition of Red Hawk, which accelerated our expansion into the attractive commercial market, we recently added a new growth platform for our business through the acquisition of LifeShield. LifeShield is a leader in the DIY home security space and will enable us to leverage our brand, scale and unrivaled reputation to compete in the growing DIY market. As we move forward, we will continue to invest in our business and the extraordinary opportunities ahead, capitalizing on the preeminent ADT brand and dedicated team who make us better positioned than ever to build long-term shareholder value.”

GUIDANCE:

ADT Corp. sees FY2019 revenue of $4.9-5.1 billion, versus the consensus of $4.92 billion.

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