NYSE$ADT

ADT Inc. · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

ADT reported first quarter 2021 results, showing strong performance with residential subscriber growth and commercial rebound.

ADT Inc. reported a 5% decrease in total revenue year over year to $1,305 million, driven primarily by a decrease in installation and other revenue. However, monitoring and related services revenue increased by 2%. The company reported a net loss of $48 million, an improvement from the prior year's net loss of $300 million.

  • New recurring monthly revenue (RMR) additions up 25% versus prior year
  • Commercial recovery continues; improved year-over-year results
  • Quarterly net subscriber growth of 76 thousand
  • Attrition remained at 13.1% and improved 40 bps from Q1 2020

Headline financials

Total Revenue

$1.3B

Previous: $1.37B-4.7%
EPS (adj)

-$0.07

Previous: -$0.09+22.2%
Capital Expenditures

-$41.5M

Previous: -$34.6M-20.1%
Free Cash Flow

-$89.4M

Previous: -$335M+73.3%
Net Income

-$47.9M

Previous: -$300M+84.1%
Operating Income

-$16.4M

Previous: -$89.4M+81.7%
Cash & Equivalents

$123M

Previous: $118M+3.7%
Total Assets

$16B

Previous: $16.3B-1.5%

Revenue & EPS history

ADT · Revenue · Quarterly

$1.3B

Q1 2021-4.7%vs Q1 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Forward guidance

The Company is reaffirming its full-year 2021 guidance given in February 2021. With strong demand for our products and services, ADT is increasing spending on subscriber acquisition costs and other technology investments, which the company believes will drive full year RMR growth in the mid-teens.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-2.2%

Avg return

Earnings day

-3.8%

Avg return

5 days after

-1.7%

Avg return

30 days after

46%

17 / 37 earnings

Positive

+13.9%

Q3 2024

Best reaction

-25.8%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+5.0%-2.2%-6.6%
Q4 2025+2.0%-18.3%-18.3%
Q3 2025-7.9%-5.9%-7.7%
Q1 2025-2.0%+0.9%+3.9%
Q4 2024+7.8%+0.8%+7.6%
Q3 2024+13.9%+6.2%+9.0%
Q2 2024-10.9%-9.1%-6.3%
Q1 2024+0.8%+1.9%+13.2%
Q4 2023+11.2%+12.3%+2.9%
Q3 2023+9.9%+9.1%+10.8%
Q2 2023+5.2%+6.3%-5.5%
Q1 2023-20.7%-13.5%-15.2%
Q4 2022-3.3%-2.4%-8.9%
Q3 2022+2.9%+5.6%+18.2%
Q2 2022+9.7%+7.4%-1.4%
Q1 2022-3.4%-7.0%+2.9%
Q4 2021+7.8%+3.8%+3.8%
Q3 2021-0.6%+1.1%-5.1%
Q2 2021-13.5%-14.0%-17.9%
Q1 2021+3.1%+2.7%+19.6%
Q4 2020-25.8%-30.0%-19.9%
Q3 2020+4.3%+5.9%+22.3%
Q2 2020-5.9%-6.6%-19.4%
Q1 2020+2.2%+4.9%+51.4%
Q4 2019-12.6%-22.6%-38.4%
Q3 2019+8.0%+8.5%+9.1%
Q2 2019-7.1%-11.9%-5.3%
Q1 2019-11.6%-8.9%-13.2%
Q4 2016-11.0%-12.3%-9.6%
Q4 2018-11.0%-12.3%-9.6%
Q3 2017+5.8%+5.8%+0.4%
Q3 2018+10.7%+1.8%+1.8%
Q2 2017-6.1%-6.1%-7.2%
Q2 2018-7.4%+0.0%-3.8%
Q1 2018-7.6%-14.8%-4.1%
Q1 2017-7.6%-14.8%-4.1%
Q4 2017-14.5%-12.2%-11.9%
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012

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