Thu, Apr 24, 8:44 PM (28 days ago)
**ADT Inc. (ADT) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** Total revenue increased by 77.8 million to 1,267.5 million, driven by higher monitoring and related services revenue (20.5 million increase) and security installation, product, and other revenue (57.4 million increase). - **Profit Margins:** Operating income rose by 27.1 million to 319.3 million. Net income increased by 48.7 million to 140.2 million. - **Cash Flow:** Net cash provided by operating activities increased by 102.8 million to 466.6 million. Cash used in investing activities decreased by 41.8 million to 258.3 million. Cash used in financing activities increased by 246.3 million to 321.2 million. **Key Metrics:** - **Recurring Monthly Revenue (RMR):** Increased by 6.3 million to 359.5 million. - **Gross Customer Revenue Attrition:** Decreased to 12.6% from 13.1%. - **Adjusted Earnings per Share (EPS):** Increased by 0.02 to 0.21. - **Adjusted EBITDA:** Increased by 23.1 million to 660.8 million. **Trends and Uncertainties:** - **Customer Additions and Attrition:** ADT served approximately 6.4 million subscribers. The company expects outright sales to increase as it rolls out ADT+ and builds its partnership with Google. - **Macroeconomic Factors:** ADT is monitoring inflation, tariffs, and other economic trends that could impact supply chain and consumer spending. - **Natural Disasters:** No material losses were reported from natural disasters in Q1 2025. - **Tax Matters:** Potential ownership change in 2025 due to share repurchases and secondary offerings, which may limit tax attributes. **Future Operations:** - **Share Repurchase:** ADT has 208 million remaining under the 2025 Share Repurchase Plan. - **Debt Management:** ADT issued a new 600 million first lien term loan and redeemed 500 million of First Lien Notes due 2026. - **Commitments:** ADT continues to meet its commitment of 200 million in Google Cloud Platform services and 370 million in security system equipment purchases. **Risk Factors:** - **Economic Uncertainties:** Inflation, tariffs, and other economic factors could impact ADT's supply chain and consumer spending. - **Technological Changes:** ADT must keep pace with rapid technological advancements and industry changes. - **Regulatory Risks:** Changes in laws and regulations could impact ADT's operations and financial results. **Forward-Looking Statements:** - ADT's forward-looking statements are based on current plans and estimates and involve risks and uncertainties. Actual results may differ materially from those expressed or implied.