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Tag: ADT Solar


ADT exits residential solar market

Residential

ADT exits residential solar market

February 5, 2024SSN Staff

BOCA RATON, Fla. – ADT revealed late in January that the company would be exiting its residential solar business. The company said it will remain focused on cash flow generation and capital-efficient growth within its core security and smart home business. As part of this continued focus, ADT is also advancing its capital allocation strategy, including a cash dividend increase and authorization of a new share repurchase program. “The decision to exit solar operations was made after...

2023, ADT, ADT Solar, Fourth Quarter (Q4), Jim DeVries, Residential


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Monitoring Matters

Goodbye, Mr. Sunshine

January 31, 2024Ken Showers, Managing Editor

After a week of being under the weather I could use a little sun to brighten my outlook. Unfortunately, following some news last week, that doesn’t seem to be in the cards. I’ll get to that point in a moment, since it’s a little detour from normal security news. The actual news I wanted to discuss this week is the often discussed but still unreleased ADT smart home security system made in collaboration with Google. It so happened that my boss asked me earlier this week what was...

ADT, ADT Solar, Google, Google Nest, Residential, smart home


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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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ADT appoints Jamie Haenggi to lead ADT Solar

General News

ADT appoints Jamie Haenggi to lead ADT Solar

December 16, 2022SSN Staff

BOCA RATON, Fla. – ADT announced that Jamie Haenggi has been appointed to lead its ADT Solar division. Haenggi has served as executive vice president and chief operating officer for ADT Solar since March and now leads all functions within the division according to ADT. Sunpro founder, and previous ADT Solar executive vice president Marc Jones will serve as senior advisor to Haenggi. Joining in 2016, Haenggi has held executive roles within sales, marketing, and customer experience...

ADT, ADT Solar, Enphase Energy, Jamie Haenggi, Jim DeVries, Marc Jones, Sunpro


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