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Tag: EBITDA


ADT holds strong and achieves record RMR in Q1 2023, stumbles on solar

Residential

ADT holds strong and achieves record RMR in Q1 2023, stumbles on solar

May 3, 2023Ken Showers, Managing Editor

BOCA RATON, Fla. – It was a solid quarter for growth with ADT on this year’s 2023 Q1 earnings call, with only a small cloud blocking the sun. To make note of some of the highlights from the report: total revenue of $1.6 billion, up 4 percent, and end-of-period recurring monthly revenue (RMR) record of $378 million, up 4 percent featuring high customer retention with gross customer revenue attrition maintaining record low of 12.5 percent. President and CEO Jim DeVries attributed...

2023, ADT, ADT Solar, Earnings Call, EBITDA, Google, Jim DeVries, Ken Porpora, recurring monthly revenue (RMR), Residential, Statefarm


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Wesco International Q4 and 2022 results “Stellar”

Suppliers

Wesco International Q4 and 2022 results “stellar”

February 16, 2023SSN Staff

PITTSBURGH – Wesco International shoots for the stars this week after revealing an impressive performance following its financial postmortem for 2022 and fourth fiscal quarter results. At a glance the company displayed record net sales of $5.6 billion in the fourth quarter, up 15 percent year-over-year (YOY). There was operating profit of $382 million with an operating margin of 6.9 percent (Adjusted EBITDA of $451 million, up 41 percent YOY; adjusted EBITDA margin of 8.1...

Anixter, EBITDA, John Engel, Johnson Controls (JCI), logistics services, NAPCO Security Technologies, Rahi Systems, SecurityBridge, supply chain solutions, Wesco International, year-over-year (YOY)


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NRG Energy Inc. to acquire Vivint Smart Home Inc.

Residential

NRG Energy Inc. to acquire Vivint Smart Home Inc.

December 6, 2022SSN Staff

HOUSTON & PROVO, Utah – NRG Energy Inc. has entered into an agreement to acquire Vivint Smart Home Inc. for $12 per share, or $2.8 billion in cash.   NRG says the acquisition positions them as the leading essential home services provider and accelerates their growth plan. “Last year at our Investor Day, we presented our strategic roadmap to becoming the leading provider of essential services for homes and businesses, informed by consumer trends and underpinned by disciplined...

alarm.com, CPI Security, david bywater, EBITDA, home services provider, Mauricio Gutierrez, NRG Energy Inc., smart home, Vivint Smart Home Inc.


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NAPCO announces first quarter fiscal 2023 results

Suppliers

NAPCO announces Q1 record sales for fiscal 2023

November 8, 2022SSN Staff

AMITYVILLE, N.Y. – NAPCO Security Technologies has announced its Q1 fiscal 2023 results with a record $39.5 million in sales. This is in comparison to last year’s $31.1 million, making a 27 percent increase in net sales for the quarter. The company also saw a 35 percent increase for recurring service revenue (RSR) to $13.8 million as opposed to last years $10.2 million during the same period. NAPCO said that RSR now has a prospective annual run rate of roughly $58 million...

earnings per share (EPS), EBITDA, First Quarter (Q1), Richard Soloway, shareholders, supply chain


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ADT presents Q3 fiscal results

Suppliers

ADT presents Q3 fiscal results

November 4, 2022Ken Showers, Managing Editor

BOCA RATON, Fla.—Security giant ADT released its fiscal third quarter financial results this week, highlighting monthly revenue and partnerships. President and CEO Jim DeVries described ADT’s performance in the third fiscal quarter as strong with top line growth at 22 percent to $1.6 billion. It generated an adjusted net income of $83 million ($0.10 per share). DeVries also said the quarter resulted in an improved adjusted EBITDA that was up 12 percent year over year. In...

ADT, EBITDA, Google Nest, Jim DeVries, Paul Smith, recurring monthly revenue (RMR), State Farm, Third Quarter (Q3)


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Assa Abloy shows growth in Q3 results, commitment to HHI acquisition

Suppliers

Assa Abloy shows growth in Q3, commits to HHI acquisition

October 28, 2022Ken Showers, Managing Editor

STOCKHOLM – This week lock maker and security giant Assa Abloy presented its Q3 financial results, with strong growth despite signs of a market slowdown. The conference call opened with remarks from Assa Abloy President, CEO & Head, Global Technologies Division Nico Delvaux. The company experienced an organic sales growth of 14 percent which Delvaux credited to Entrance Systems and the America’s contributions, as well as Global Technologies. Net sales have increased 33 percent with...

Assa Abloy, Control iD, COVID, DHL, DoorBird, EBITDA, Emtek Products, intercom, Nico Delvaux, smart locks, Smart Residential, Third Quarter (Q3), United States Department of Justice (DOJ)


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NAPCO announces record breaking fourth quarter fiscal results 2022

Suppliers

NAPCO announces record-breaking Q4 fiscal results for 2022

August 29, 2022Ken Showers, Managing Editor

AMITYVILLE, N.Y. – Security device manufacturer and designer NAPCO Security Technologies has announced record-breaking fiscal results for the fourth quarter of 2022. The company boasted results of a 22 percent increase of sales to $43.2 million, a recurring service revenue increase of 36 percent to $7.5 million, and an adjusted EBITDA increase of 29 percent to $9.2 million. Net sales increased 26 percent to a record $143.6 million, with a record net income...

EBITDA, Financial Results, NAPCO Security Technologies, Richard Soloway, StarLink


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Securitas provides update on Stanley Security, new financial targets

Commercial

Securitas provides update on Stanley Security, new financial targets

August 24, 2022Ken Showers, Managing Editor

STOCKHOLM – In an investor update webcast today, Securitas discussed further details on its recent Stanley Security acquisition and new financial targets.  In opening the webcast, Securitas President and CEO Magnus Ahlqvist described it saying, “We’re looking at it like a mini-version of a capital markets day.” Noting that the last time they had a capital markets day was in 2019. “But we have not been sitting still. We have been driving extensive transformation,...

EBITDA, electronic security, Magnus Ahlqvist, Securitas, Stanley Security


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Monitoring Matters

Does RMR tell the whole story?

September 4, 2013Leif Kothe

Today, Ken Kirschenbaum, an industry attorney, broached the topic of valuation in the alarm industry in his email to subscribers. In the monitoring space, a company's valuation is based “exclusively on a multiple of RMR,” Kirschenbaum explains. A reason for this is that, in a sale, an alarm company isn't selling its ongoing business so much as its subscriber accounts. While the RMR multiple can shed light on the value of a company on the verge of a sale, it doesn't tell everything. In...

central station alarm monitoring, Davis Group, EBITDA, Ken Kirschenbaum, Physical Security, RMR


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