ADT Inc Reports Q2 FY2023 Earnings Results on August 8, 2023
August 11, 2023
🌥️Earnings Overview
ADT ($NYSE:ADT) Inc. reported total revenue of USD 1594.0 million for the second quarter of FY2023 which ended on June 30, 2023, a 0.4% decrease year over year. Net income for the same period was USD 92.0 million, an increase of 0.5% compared to the same quarter in the prior year. These earnings results were announced on August 8, 2023.
Price History
On Tuesday, August 8th, 2023, ADT Inc reported its Q2 FY2023 earnings results. The stock opened at $6.3 and closed at the same price, representing a 2.4% increase from its last closing price of $6.2. The results showed that the company had a strong quarter with an increase in revenue of 2% compared to the same quarter of the previous year.
The company’s shareholders were satisfied with the performance and the stock increased further in after-hours trading following the release of the earnings report. Overall, the company made a strong showing and is looking forward to even better performance in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Adt Inc. More…
| Total Revenues | Net Income | Net Margin |
| 6.46k | 2.83 | 5.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Adt Inc. More…
| Operations | Investing | Financing |
| 1.86k | -1.38k | -279.42 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Adt Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 17.33k | 14.02k | 3.6 |
Key Ratios Snapshot
Some of the financial key ratios for Adt Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.8% | 65.6% | 5.1% |
| FCF Margin | ROE | ROA |
| 15.6% | 6.2% | 1.2% |
Analysis
At GoodWhale, we have analyzed the financials of ADT Inc. Our star chart shows that ADT Inc has an intermediate health score of 6/10 concerning its cashflows and debt, indicating that it might be able to sustain itself in times of crisis. In terms of performance, ADT Inc is strong in growth, medium in dividend, profitability and weak in asset. We have classified it as a ‘cheetah’ – a company which has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Given this information, investors looking for companies with high growth potential and who are comfortable with a higher degree of risk may be interested in investing in ADT Inc. However, investors should also keep in mind that there is a possibility of lower returns due to the lower profitability. More…
Peers
Its competitors include Vivint Smart Home Inc, Crow Technologies 1977 Ltd, and Monitronics International Inc.
– Vivint Smart Home Inc ($NYSE:VVNT)
Vivint Smart Home Inc is a company that provides home automation services. The company has a market cap of 1.57B as of 2022 and a Return on Equity of 0.56%. Vivint Smart Home Inc enables customers to control their homes through a mobile app. The company offers a variety of services such as home security, energy management, and automation.
– Crow Technologies 1977 Ltd ($OTCPK:CRWTF)
Monitronics International Inc has a market cap of 5.62M as of 2022. The company has a Return on Equity of -35.78%. Monitronics International Inc is a security company that provides security solutions to residential and commercial customers.
Summary
ADT Inc. reported earnings for the second quarter of FY2023 that saw total revenue dip by 0.4%, to USD 1594.0 million, but net income increase by 0.5%. Although investors may not be pleased with the slight revenue decrease, the increase in net income is a positive sign that the company is still performing well financially. Investors should continue to monitor ADT Inc.’s performance and financial health to assess their future potential returns and make sure they are comfortable with their investment.
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