adt corp/the (ADT) Key Developments
ADT Declares Quarterly Cash Dividend, Payable on May 20, 2015
Mar 17 15
ADT declared a quarterly cash dividend of $0.21 per share, unchanged from the previous quarter. The dividend will be paid on May 20, 2015 to stockholders of record as of the close of business on April 29, 2015.
The ADT Corporation Launches Wearable On-The-Go Emergency Response System to Empower Independent Living
Feb 18 15
The ADT Corporation announced the expansion of its health product portfolio with the introduction of the wearable On-The-Go Emergency Response System. ADT’s new solution, which operates on a leading nationwide cellular network, boasts connectivity to a specially trained team of ADT Health employees, fall detection sensors, and GPS location capabilities all in a single and easy-to-use device. In the event of a fall, the device will detect the fall and connect the customer directly with ADT’s 24/7 professional monitoring center, where a specially trained ADT professional can determine if emergency responders or a caregiver should be dispatched to the customer’s location -- whether they are in their kitchen or a parking lot miles away from home. For other emergencies, customers can also connect directly to ADT’s professional monitoring center with a simple press of a button.
The ADT Corporation Presents at JPMorgan Global High Yield & Leveraged Finance Conference, Feb-24-2015 10:00 AM
Feb 16 15
The ADT Corporation Presents at JPMorgan Global High Yield & Leveraged Finance Conference, Feb-24-2015 10:00 AM. Venue: Loews Hotel, Miami Beach, Florida, United States. Speakers: Michael S. Geltzeiler, Chief Financial Officer and Senior Vice President.
Apollo Global Reportedly In Talks To Acquire Protection 1
Feb 4 15
Apollo Global Management, LLC (NYSE:APO) is in advanced talks to acquire Protection 1, Inc. in a deal that could value the U.S. home security company at close to $1.5 billion, including debt, according to people familiar with the matter. Apollo has so far prevailed over other interested parties in an auction for Protection 1, including Ares Management LLC and The ADT Corporation (NYSE:ADT), the people said this week, asking not to be identified because the talks are confidential. The negotiations with Apollo have not concluded, and Protection 1's owner, GTCR, LLC, may yet decide to sell the company to another bidder or cancel the sale altogether, the people added. An Apollo spokesman and an ADT spokeswoman declined to comment. Protection 1, GTCR and Ares representatives did not immediately respond to requests for comment.
The ADT Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 26, 2014
Jan 28 15
The ADT Corporation reported unaudited consolidated earnings results for the first quarter ended December 26, 2014. For the quarter, revenue was $887 million against $839 million a year ago. Operating income was $158 million against $165 million a year ago. Income before income taxes was $108 million against $120 million a year ago. Net income was $72 million or $0.41 per basic and diluted share against $77 million or $0.39 per basic and diluted share a year ago. Net cash provided by operating activities was $369 million against $335 million a year ago. Capital expenditures was $32 million against $12 million a year ago. EBITDA was $427 million against $425 million a year ago.