Skip to Content

Tag: Ken Porpora


Ken Porpora departs ADT as CFO

Residential

Ken Porpora departs ADT as CFO

January 5, 2024SSN Staff

BOCA RATON, Fla. – ADT’s Ken Porpora, executive vice president and chief financial officer (CFO), has stepped down from his role to become the chief executive officer of a privately held HVAC and plumbing services provider as of the beginning of January. ADT made the announcement of Porpora’s departure in late December. For now, Jeff Likosar, president, corporate development and chief transformation officer, will serve as the interim CFO. Likosar previously served as the company’s...

ADT, HVAC, Jeff Likosar, Jim DeVries, Ken Porpora, Residential


Read Full Articlered right arrow icon

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


Read Full Articlered right arrow icon