ADT Provides Solar Business Update and Advances Capital Allocation Strategy
ADT Inc. (ADT)
Last adt inc. earnings: 3/5 04:15 pm
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Source: GlobeNewswire
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., Jan. 24, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE: ADT), the most trusted brand in smart home and small business security, today announced it will be exiting its residential solar business. The Company will remain focused on cash flow generation and capital-efficient growth within its core security and smart home business. As part of this continued focus, ADT is also advancing its capital allocation strategy, including a cash dividend increase and authorization of a new share repurchase program. “The decision to exit solar operations was made after careful deliberation, and we expect this strategic action to drive substantial operational and financial benefits to ADT,” said ADT Chairman, President and CEO, Jim DeVries. “We want to acknowledge and thank
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ADT
News
- ADT Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- ADT Reports First Quarter 2024 ResultsGlobeNewswire
- ADT Names Jeff Likosar as Chief Financial Officer [Yahoo! Finance]Yahoo! Finance
- ADT Names Jeff Likosar as Chief Financial OfficerGlobeNewswire
- Global CCTV Market Size To Exceed USD 65.11 Billion By 2033 | CAGR Of 13.5% [Yahoo! Finance]Yahoo! Finance
ADT
Earnings
- 4/25/24 - Beat
ADT
Sec Filings
- 4/25/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/24/24 - Form 8-K
- ADT's page on the SEC website