Subscribe to RSS - ADT

ADT

ADT culls ‘weaker players' from its dealer program

Imperial Capital’s Kessler predicts ADT dealer-based Pulse take rates should increase
 - 
11/26/2013

NEW YORK—ADT’s dealer program has been one of the company’s “soft spots” for years but now is turning around after the company “culled” more than 100 lower-performing dealers over the past year or so, according to an industry analyst.

Kastle Systems acquires monitoring station, Mutual Central Alarm Services from ADT

Deal adds 4,000 customer sites, Stat-Land Security Systems and UL-listed Five Diamond Certified monitoring station
 - 
11/22/2013

FALLS CHURCH, Va.—Kastle Systems International added 4,000 customer sites and a new, highly specialized UL-listed Five Diamond central station in New York City with the Nov. 21 acquisition of Mutual Central Alarm Services and Stat-Land Security Systems from ADT.

ADT adds 100,000 customers in fiscal 2013 and its Devcon buy boosts its RMR, but attrition climbs to 13.9 percent

 - 
Wednesday, November 20, 2013

Just about one year after The ADT Corp. split from Tyco International and became a stand-alone, publicly traded company, the company reported today that its RMR climbed 4.7 percent in Q4 and that the rise was helped by its acquisition of Devcon Security this summer.

Boca Raton, Fla.-based ADT, which officially became independent Sept. 28, 2012, reported its Q4 and fiscal year 2013 results today. It added 100,000 subscribers in 2013, bringing its total customer based to 6.5 million, the company said.

ADT also reported average revenue per user (ARPU) had climbed to $40.31, an increase of 3.7 percent, and said that helped increase RMR. The company also said its ADT Pulse overall take rate was at 32 percent in Q4, up from 13 percent last year due to new customers and price escalations to existing ones.

In the earnings call, ADT CEO Naren Gursahaney said, "We recently passed the 500,000 mark with Pulse customers. Just to put that into perspective for you, if Pulse was a stand-alone business, it would be the sixth largest security provider in North America. While this a major milestone for us, it still only represents about 8% of our total customer base, so we still have a tremendous opportunity to further grow our Pulse customer base."

Gursahaney also said that in Q4, "Net attrition increased by 10 basis points sequentially and 40 basis points year-over-year to 13.9 percent, with more than 100 percent of the increase attributable to higher relocation disconnects as a result of the continued recovering in the housing markets." The company is launching new programs to address attrition, which it plans to announce soon, he said.

The company’s revenue increased in Q4 by 4 percent to $846 million from $812 million, higher than the $843.8 million analysts expected. EBITDA was $431 million in Q4,  up 7.5 percent compared to the previous year.

Much of ADT’s total revenue is recurring revenue, the report said. RMR was $777 million in Q4. The company also said small business RMR growth for fiscal 2013 was 7 percent, up from 3 percent in 2012.

Just before its Nov. 20 earnings report, ADT announced this week it was defending its turf by suing Utah-based Vision Security for the second time over Vision’s alleged deceptive sales practices. The new lawsuit comes shortly after Vision and Security Networks, of which Vision is an affiliate, “settled with ADT for $2.2 million and agreed to a permanent injunction [from] engaging in similar practices,” according to an ADT news release.

Vision told me it denies ADT's allegations and intends to fight them.

The AP reported ADT’s shares closed at $42.81 yesterday, Nov. 19. Shares are down 8 percent for the year to date, the AP said.

Gursahaney predicted positive results for fiscal 2014, with revenues and RMR climbing 4 percent to 5 percent. "I'm confident the momentum we have built, coupled with the improvement programs we have implemented to address our challenges, will position us for continued revenue growth and operational improvements in 2014," he said.

ADT sues Vision—again—over alleged deceptive sales practices

Vision says it 'vigorously denies the allegations' and plans to fight them
 - 
11/18/2013

BOCA RATON, Fla.—Just months after settling one lawsuit with Utah-based Vision Security over what The ADT Corp. characterized as Vision's deceptive sales pitches, ADT announced today that it has filed a second lawsuit accusing Vision of similar practices.

Illinois fire districts open up to commercial fire monitoring

New ordinances allow commercial customers to choose any fire alarm monitoring, but one company may have ‘tremendous market advantage’
 - 
10/21/2013

ARLINGTON HEIGHTS, Ill.—After an appeals court ruling this summer saying public fire districts can’t monopolize fire alarm monitoring, two fire districts recently passed new ordinances allowing commercial fire alarm companies to compete in those markets.

ADT gets new CFO

 - 
10/15/2013

BOCA RATON, Fla.—Michael Geltzeiler will join ADT as the company’s new chief financial officer, ADT announced this week.

ADT settles its lawsuits against Vision Security and Security One over deceptive sales practices

 - 
10/10/2013

BOCA RATON, Fla.—ADT announced today that it has settled its lawsuit against Florida-based Security Networks and its Utah-based affiliate Vision Security, requiring those companies to pay $2.2 million in damages.

ADT license flap led police to stop responding to alarms

 - 
10/09/2013

COLORADO SPRINGS, Colo.—When ADT failed to give some insurance documentation to the city of Colorado Springs, the city recently invalidated the company’s license and stopped sending police to investigate routine intrusion alarms, according to NBC affiliate KOAA-TV.

After delay, Vector pays couple’s cancellation penalty

 - 
10/09/2013

MONROE, N.C.—A North Carolina couple that switched from ADT to Vector Security says that Vector offered to pay the $578 cancellation fee they would owe ADT.

ADT to offer $1 billion in senior notes

 - 
09/23/2013

BOCA RATON, Fla.—The ADT Corporation plans to offer $1 billion in senior unsecured notes, due 2021, to qualified institutional buyers in the United States, pursuant to federal and state regulations, the company announced today.

Pages