Tag: Third Quarter (Q3)
Resideo CEO announces retirement
November 8, 2024Ken Showers, Managing Editor
SCOTTSDALE, Ariz. — Resideo Technologies President and CEO Jay Geldmacher has announced his plans to retire in 2025.
During a conference call to discuss the company’s third quarter 2024 financial results, Geldmacher said he plans to remain CEO until a successor is appointed and after that he plans to serve as a senior advisor to ensure a smooth transition.
“It’s been my privilege to lead the company for the last four and a half years,” he said. “I’ve...
Brink's earnings fluctuate on volatility
November 7, 2024Ken Showers, Managing Editor
RICHMOND, Va. — The Brink’s Company managed double-digit organic growth in the third quarter of 2024 despite global market fluctuations.
Most impressive among the company’s quarterly achievements was the 26% organic growth for digital retail solutions (DRS) and ATM managed services (AMS) in every regional segment, ahead of its expectations.
Overall, however, the company’s quarter fell short of its initial expectations, something CEO Mark Eubanks attributed...
ADT Q3 paves the way forward through account acquisition and valuable partnerships
October 31, 2024Ken Showers, Managing Editor
BOCA RATON, Fla. — In spite of challenging market conditions ADT has shown admirable financial growth in the third quarter thanks to bulk account acquisition and partnerships with other major platforms.
“I'm pleased to report that ADT is continuing to deliver on our 2024 objectives and as we closeout the year, we're well positioned to deliver the full year financial guidance,” ADT CEO Jim DeVries told investors during a webcast.
He added, “In addition to...
ADT Q3 gains driven by strong retention, divestiture of commercial business
November 7, 2023SSN Staff
BOCA RATON, Fla. – ADT is reporting a significant improvement to its balance sheet in its third fiscal quarter, thanks to the divestiture of its former commercial division, as well as strong retention numbers and revenue from Consumers and Small Business (CSB).
A list of financial highlights from the quarter include total revenue of $1.2 billion with end-of-period recurring monthly revenue (RMR) up 3% to $350 million, high customer retention with gross revenue attrition maintaining 12.9%,...
NRG quarterly performance points to accelerating integration of smart home services into commercial operations
November 3, 2023Ken Showers, Managing Editor
HOUSTON – During its third fiscal quarter financial results webcast NRG Energy revealed new guidance for 2024 above the initial investor day plan and has been hastening its integration of Vivint's smart home offerings into its commercial operations.
The company reported a third quarter 2023 Net Income of $343 million. Adjusted EBITDA for the third quarter was $973 million, Cash Provided by Operating Activities was $566 million, and Free Cash Flow Before Growth Investments...
ADT to release third quarter 2023 results
October 23, 2023SSN Staff
BOCA RATON, Fla. – ADT has announced that it will release its third fiscal quarter 2023 financial results before the market opens on Thursday, Nov. 2, 2023.
Following the release, management has stated it will host its conference call at 10 a.m. ET to discuss the financial results and lead a question-and-answer session.
Pertinent topics for the call will likely include the company's recent sale of ADT Commercial to private equity firm GTCR. ADT Commercial rebranded as Everon...
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...
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...
Allegion provides report on Q3 2022 financial results
October 27, 2022Ken Showers, Managing Editor
DUBLIN – Allegion plc released its third quarter fiscal 2022 financial results on Oct. 27, as well as a revised outlook for the remainder of 2022.
The company saw a net earnings per share (EPS) of $1.30 compared to $1.59 in 2021, with an adjusted EPS of $1.64, up roughly 5 percent from $1.56 in 2021. Allegion posted Q3 2022 revenues of $913.7 million, up 27.4 percent reported and 18.6 percent organically.
“Allegion delivered a very strong...
Resideo releasing 3Q financial results on November 1
October 17, 2022SSN Staff
SCOTTSDALE, Ariz. – Resideo, a security solutions provider and distributor of residential security and audio-visual products announced today that they would be releasing their third fiscal quarter financial results on November 1.
The company stated that post closing of the New York Stock Exchange on Tuesday, November 1 that they would be hosting a simultaneous conference call and webcast to discuss the results at 5:00 p.m. E.T. Investors and other interested parties can view the webcast...