Last $37.02 USD
Change Today -0.02 / -0.05%
Volume 1.2M
As of 8:04 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

adt corp/the (ADT) Key Developments

ADT Seeks Acquisitions

The ADT Corporation (NYSE:ADT) is looking for acquisition opportunities. Mike Geltzeiler, Chief Financial Officer of ADT, said that ADT growth stool has been M&A and we look to the M&A market to acquire some strategic capabilities but also to acquire accounts.

The ADT Corporation Presents at Oppenheimer 17th Annual Technology, Internet & Communications Conference, Aug-13-2014 11:05 AM

The ADT Corporation Presents at Oppenheimer 17th Annual Technology, Internet & Communications Conference, Aug-13-2014 11:05 AM. Venue: Four Seasons Hotel, 200 Boylston Street, Boston, MA 02116, United States. Speakers: Michael S. Geltzeiler, Chief Financial Officer and Senior Vice President.

The ADT Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 27, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year 2014

The ADT Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended June 27, 2014. For the quarter, the company reported revenue of $849 million compared to $833 million a year ago. Operating income was $169 million compared to $192 million a year ago. Income before income taxes was $85 million compared to $162 million a year ago. Net income was $82 million compared to $113 million a year ago. Basic and diluted earnings per share were $0.47 compared to $0.52 a year ago. Net income before special items was $97 million compared to $116 million a year ago. Diluted EPS before special items was $0.55 compared to $0.53 a year ago. EBITDA was $388 million compared to $428 million a year ago. EBITDA before special items was $452 million compared to $433 million a year ago. Free cash flow was $85 million compared to $153 million a year ago. Free cash flow before special items was $98 million compared to $165 million a year ago. Capital expenditures for the quarter were $323 million with all but $23 million of that investment going towards new customer adds. This compares to $308 million of total CapEx in the third quarter of last year. Net cash provided by operating activities was $408 million against $461 million last year. This is primarily due to higher incremental interest paid on outstanding debt and some timing issues with working capital. Free cash flow before special items was down due to higher interest paid on incremental debt, timing of certain operating cash payments, and an increase in capital expenditures related to the success of Pulse. For the nine months, the company reported revenue of $2,525 million compared to $2,463 million a year ago. Operating income was $498 million compared to $552 million a year ago. Income before income taxes was $323 million compared to $490 million a year ago. Net income was $222 million compared to $325 million a year ago. Diluted earnings per share were $1.20 compared to $1.43 a year ago. Net cash provided by operating activities was $1,165 million compared to $1,273 million a year ago. Capital expenditures were $56 million compared to $47 million a year ago. Net income before special items was $272 million compared to $314 million a year ago. Diluted EPS before special items was $1.47 compared to $1.38 a year ago. EBITDA was $1,219 million compared to $1,264 million a year ago. EBITDA before special items was $1,309 million compared to $1,259 million a year ago. The company provided earnings guidance for the fourth quarter and full year 2014. For the quarter, the company expected EBITDA margins to be reduced from third quarter levels. For the full year, the company still expected recurring revenue and total revenue growth in a range of 3% to 4% on a constant dollar basis. However, full year EBITDA margins will be in excess of initial guidance of at least 50-basis-point improvement over 2013. Free cash flow and have provided a range of $900 million to $950 million of expected full year outcome.

The ADT Corporation Announces Quarterly Dividend, Payable on August 20, 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 August 20, 2014 to stockholders of record as of the close of business on July 30, 2014.

ADT Delivers Tailored Security and Automation Solutions to the Food and Beverage Industry

ADT announced the Food and Beverage Solutions Bundle as part of the company's strategic plan to deliver customized security and automation solutions to address the most common needs and concerns of business owners within a particular industry. In addition to the recently announced ADT Retail Solutions Bundle, the company also has further plans to deliver bundled solutions for small business owners of clinics, doctor's or professional services offices and mechanical shops. The customized portfolio includes the ability to remotely control small appliances and monitor motion detection, door and window entry and video surveillance with event-triggered notifications. Additionally, smart thermostat features enable climate management throughout the premise, while freezer and refrigerator sensors can send alerts when temperature levels spike and breach a pre-programmed range, reducing the potential for food spoilage and increasing overall peace of mind. The Food and Beverage Solutions Bundle addresses key security and productivity concerns across the food service industry, including the need to, ADT's new bundle can help business owners control their business environment through thermostat and small appliance control, as well as monitor the critical temperatures of their food inventory, helping to prevent perishable inventory from premature spoilage. Through remotely accessible video services, business owners can monitor sensitive merchandise and food preparation and ensure consistent hygienestandards are met by all of their employees. Remotely monitor and control: ADT Pulse(R) Interactive Business Solutions allows business owners to remotely control and monitor all aspects of their business, whether they are physically on-site or not, including regulating premise climate, monitoring deliveries, arming/disarming alarm systems and even turning lights on and off -- all from any Internet-enabled device, including smartphones and tablets. Through Pulse, business owners can also schedule customized notifications via text or email when specific activities take place in their cafe or restaurant, such as activity in a restricted area like a back office or inventory room, Efficiently protect customers and inventory: Event-triggered video recordings and alerts help business owners monitor deliveries, inventory conditions and sensitive business areas, helping to reduce the risk of stock damage and employee and customer theft. These video monitoring capabilities can help to mitigate some of the common behaviors that hurt the bottom line, such as "sweethearting," a major source of overall revenue loss.

 

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ADT

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Price/Earnings 22.3x
Price/Sales 1.9x
Price/Book 2.1x
Price/Cash Flow 20.3x
TEV/Sales 0.4x
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