ADT Corp. (ADT) Misses Q4 EPS, Revenues Beat
ADT Corp. (NYSE: ADT) reported Q4 EPS of ($0.03), $0.26 worse than the analyst estimate of $0.23. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.27 billion.
"Strong fourth quarter results capped a successful year for ADT in which we demonstrated strong growth in revenue, earnings and cash flow while significantly expanding product offerings, investing in new technologies, and enhancing our customer offerings. We returned over $700 million to shareholders through dividends and share repurchases, and significantly extended our debt maturities while lowering borrowing costs,” stated Jim DeVries, ADT's President and CEO. “We continue to see our residential customer base move to interactive services, with a record forty-seven percent of customers using them at the end of 2019. Full year sales for Red Hawk, combined with double digit organic growth and tuck-in acquisitions helped expand ADT’s commercial revenue by $450 million during the year and now represents over 20% of total revenue. In addition, customer revenue payback, one of our most important performance indicators, further improved. Entering 2020, we have built a strong foundation to efficiently accelerate the growth of residential with the national rollout of consumer financing, the acquisition of Defenders, new partnerships, and the continued development of our DIY platform, Blue by ADT.”
For earnings history and earnings-related data on ADT Corp. (ADT) click here.
