adt corp/the (ADT) Key Developments
The ADT Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 26, 2015
Jul 29 15
The ADT Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended June 26, 2015. For the quarter, the company reported revenue of $898 million against $849 million a year ago. Operating income was $163 million against $169 million a year ago. Income before income taxes was $112 million against $85 million a year ago. Net income was $75 million or $0.44 per share diluted against $82 million or $0.47 per share diluted a year ago. EBITDA was $444 million against $388 million a year ago.
For the nine months, the company reported revenue of $2,675 million against $2,525 million a year ago. Operating income was $469 million against $498 million a year ago. Income before income taxes was $320 million against $323 million a year ago. Net income was $215 million or $1.24 per share diluted against $222 million or $1.20 per share diluted a year ago. Net cash provided by operating activities was $1,180 million against $1,165 million a year ago. Capital expenditures were $76 million against $56 million a year ago. EBITDA was $1,295 million against $1,219 million a year ago.
ADT Corporation Announces Partnership with Nest Labs
Jul 21 15
The ADT Corporation announced a partnership with Nest Labs to make it easier for ADT customers to manage their comfort and save energy. ADT Pulse® customers can now control their Nest Learning Thermostat™ conveniently from ADT’s updated mobile app for Pulse for a more seamless smart home experience. In addition, customers in Atlanta, Chicago, Denver and Miami may be eligible to receive a Nest Thermostat when they sign up for select Pulse service plans. This is the first such commercial partnership and integration by a North American home security & automation provider and is expected to roll out nationwide by the end of the year. The partnership with Nest is the latest example of ADT’s efforts to deliver advanced technology and original solutions to its customers, through product integration and partnerships with innovative companies. ADT continues to collaborate with other key players within the security and smart home markets, having recently developed an API (Application Program Interface) architecture to accelerate the integration of innovative products with ADT’s Pulse offering.
The ADT Corporation Declares Quarterly Cash Dividend, Payable on August 19, 2015
Jul 20 15
The Board of Directors of The ADT Corporation declared on July 17, 2015, a quarterly cash dividend of $0.21 per share of common stock. The dividend will be paid on August 19, 2015, to stockholders of record as of the close of business on July 29, 2015.
ADT Mulls Acquisitions
Jul 20 15
The ADT Corporation (NYSE:ADT) is seeking acquisitions. "We also remain committed to maintaining a strong financial position that provides us with the flexibility to make strategic acquisitions and invest in other growth opportunities when appropriate," Naren Gursahaney, ADT President and Chief Executive Officer, said.
The ADT Corporation to Report Q3, 2015 Results on Jul 29, 2015
Jul 13 15
The ADT Corporation announced that they will report Q3, 2015 results at 9:00 AM, Eastern Standard Time on Jul 29, 2015