ADT (ADT) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Thu, April 30, 2026 astatine 11:43 AM CDT 32 min read

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DATE

Thursday, Apr. 30, 2026 astatine 10 a.m. ET

CALL PARTICIPANTS

• President and Chief Executive Officer — Jim DeVries

• President and Chief Financial Officer — Jeff Likosar

• President, ADT Smart Home — Omar Khan

ADT (NYSE:ADT) reported its archetypal 4th 2026 results and strategical updates arsenic summarized below.

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Full Conference Call Transcript

Jim DeVries: Thank you, Elizabeth. Good morning, everyone, and convey you for joining america today. I volition absorption my remarks this greeting chiefly connected the cardinal highlights from our archetypal quarter. I volition besides physique connected the strategical update and longer-range outlook we shared connected our past telephone successful March. Then I volition crook the telephone implicit to Jeff to locomotion done our financials and outlook. Let maine commencement with a fewer cardinal fiscal highlights. I americium pleased to study that ADT Inc. delivered a beardown commencement to the year. Our results were accordant with our plans, with peculiarly beardown currency generation. Adjusted escaped currency flow, including swaps, was $414 million, and adjusted net per diluted stock was $0.23, up 10% year-over-year.

Our durable recurring monthly gross was $359 million, level versus anterior year. Gross gross attrition remained astatine 13.1% and our gross payback play was 2.3 years. Cumulatively, these results reenforce the durability of our exemplary and advancement strengthening ADT Inc.'s concern to prioritize high-quality adds and much businesslike acquisition channels. Turning to our cardinal initiatives. The strategical update we shared connected our past telephone emphasized the consistency successful our wide mission. We besides outlined however we are reshaping and redefining the transportation of astute location security. Our ngo remains clear: to support and link what matters astir and to supply our customers with bid of mind.

Our wide strategy remains anchored successful 3 halfway differentiators: unrivaled safety, premium experience, and innovative offerings. As we described, during 2026, we are accelerating advancement with investments successful 3 cardinal areas: merchandise technology, work excellence, and lawsuit acquisition. Together, these investments enactment our imaginativeness to present always-on information and convenience with split-second and proactive response, and solutions that germinate with our customers whether they are astatine location oregon away. First, connected merchandise technology. Our proprietary ADT Plus level continues to summation traction. ADT Plus brings unneurotic nonrecreational monitoring with starring astute location devices including Google Nest and Yale products, enabling a much flexible and modern acquisition for customers.