Last $30.22 USD
Change Today -0.22 / -0.72%
Volume 1.6M
ADT On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

adt corp/the (ADT) Key Developments

The ADT Corp. Offer to Exchange New Registered Notes for the Outstanding Unregistered Notes

The ADT Corp. announced on April 4, its offer to exchange new registered notes for the outstanding unregistered notes that it issued in October 2013 in a private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended. According to a release, under the exchange offer, the company is offering to exchange up to $1,000,000,000 aggregate principal amount of its outstanding $1,000,000,000 6.250% Notes due 2021 for a like principal amount of its new $1,000,000,000 6.250% Notes due 2021. The sole purpose of the Exchange Offer is to fulfill ADT's obligations under the registration rights agreement with holders of the unregistered notes. The company will not receive any proceeds from the issuance of the Exchange Notes. The Exchange Offer will expire at 5 pm ET on May 5, unless extended.

The ADT Corporation Announces Executive Changes

The ADT Corporation announced the appointment of Jerri DeVard to the position of senior vice president, chief marketing officer. DeVard, who most recently served as executive vice president, chief marketing officer of Nokia Corporation, will report directly to Naren Gursahaney, ADT's president and CEO. She will assume her post effective March 31, 2014. DeVard succeeds Tony Wells, who is leaving the organization after two years of service as ADT's chief marketing officer. Wells will stay with the company for several months to ensure a smooth transition of responsibilities.

The ADT Corporation Announces Quarterly Cash Dividend, Payable on May 21, 2014

The ADT Corporation announced its Board of Directors has declared a quarterly cash dividend of $0.20 per share of common stock. The dividend will be paid on May 21, 2014 to stockholders of record as of the close of business on April 30, 2014.

The ADT Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 27, 2013

The ADT Corporation reported unaudited consolidated earnings results for the first quarter ended December 27, 2013. For the period, the company reported net income of $77 million or $0.39 diluted per share on revenue of $839 million against net income of $105 million or $0.44 diluted per share on revenue of $809 million a year ago. Operating income was $165 million and income before income taxes was $120 million against operating income of $186 million and income before income taxes of $168 million a year ago. Net cash provided by operating activities was $335 million against $409 million a year ago. Capital expenditures were $12 million against $13 million a year ago. EBITDA was $411 million against $417 million a year ago.

ADT Corp Seeks Acquisitions

The ADT Corporation (NYSE:ADT) is looking for acquisitions. Michael Geltzeiler, Senior Vice President and Chief Financial Officer of ADT, said, "Being that our leverage target is 3 times, we have balance sheet flexibility as we continue to pursue a flexible, balanced capital allocation plan, including investing in organic growth, making acquisitions, and returning capital to shareholders in the form of dividends and share buybacks."

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
ADT:US $30.22 USD -0.22

ADT Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Allegion PLC $50.15 USD -0.08
Diebold Inc $39.57 USD -0.12
FLIR Systems Inc $35.70 USD +0.37
Fortune Brands Home & Security Inc $40.44 USD -0.42
Steelcase Inc $16.79 USD -0.36
View Industry Companies
 

Industry Analysis

ADT

Industry Average

Valuation ADT Industry Range
Price/Earnings 16.5x
Price/Sales 1.8x
Price/Book 1.7x
Price/Cash Flow 14.1x
TEV/Sales 0.3x
 | 

Post a JobJobs

View all jobs

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact ADT CORP/THE, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.