ADT Corp. (ADT) Misses Q1 EPS by 31c, Revenue Beats

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Go back to ADT Corp. (ADT) Misses Q1 EPS by 31c, Revenue Beats

ADT Reports First Quarter 2019 Results

May 7, 2019 4:16 PM EDT

Strong revenue growth led by commercial expansion
Year-over-year improvement in customer retention, payback periods, and ending RMR balance
Nationwide rollout of Command and Control supports higher Residential interactive penetration
Capital structure enhancements reduce interest costs, extend maturities
Reaffirming full-year guidance; Share repurchase commenced

FIRST QUARTER 2019 HIGHLIGHTS COMPARED TO PRIOR YEAR(1)

Total revenue of $1,243 million, up 11%Net loss of $66 million, compared to net loss of $157 millionNet cash provided by operating activities of $509 million,... More