Tag: Jim DeVries
ADT announces inclusion in the S&P SmallCap 600 Index
February 12, 2026SSN Staff
BOCA RATON, Fla. — ADT has announced its inclusion into the S&P SmallCap 600 Index, effective prior to the opening of trading on Feb. 9, 2026.
“ADT’s inclusion in the S&P SmallCap 600 represents an important milestone for our company and reflects the resilience of our recurring revenue model and the progress we’ve made strengthening our business and delivering consistent performance,” said ADT Chairman, President and CEO Jim...
ADT appoints Kim Miller as EVP and chief marketing & communications officer
December 22, 2025SSN Staff
BOCA RATON, Fla. — ADT has announced that Kim Miller will join the company as executive vice president and chief marketing & communications officer.
Miller will lead the development of a unified, and updated, go-to-market approach, leading customer acquisition strategies tied to performance marketing and underscored by disciplined growth.
“Kim’s appointment marks an exciting step in ADT’s evolution. Her proven ability to unite brand, performance marketing and customer...
ADT navigates pressures in Q3, remains confident about 2025 outlook
November 5, 2025Ken Showers, Managing Editor
BOCA RATON, Fla. — ADT entered the second half of 2025 with 4% total revenue growth, amid a slight dip in recurring monthly revenue (RMR), but the company remains confident in the strength of its growing, loyal customer base, officials say.
ADT CEO Jim DeVries attributed the dip in RMR and new subscribers to a smaller bulk account purchase in the quarter (15,000 accounts vs. 45,000 accounts) and cautious consumer sentiment.
“We have some bulk in the pipeline,”...
ADT reports third quarter 2025 results
November 4, 2025SSN Staff
BOCA RATON, Fla. — ADT Inc. has released its financial results for the third quarter of 2025.
Financial highlights for the third quarter are below with variances on a year-over-year basis unless otherwise noted. Results of the former commercial and solar businesses are presented as discontinued operations, except for cash flow measures.
Total revenue increased 4% to $1.3 billion and end-of-period recurring monthly revenue (RMR) increased 1% to $362 million
Solid customer retention...
Inside ADT’s $89M subscriber purchase: High-density, planned attrition, strong returns
August 1, 2025Ken Showers, Managing Editor
BOCA RATON, Fla. — ADT’s bulk customer portfolio acquisition of 50,000 subscribers for $89 million during the second quarter helped to boost the company’s recurring monthly revenue (RMR) 2% to $363 million year over year.
The company’s customer retention rate also improved slightly from the previous quarter and decreased only one-tenth of a percent from the previous year.
“This includes further expansion of our ADT Plus to a larger percentage of our...
ADT Q2 2025 results reflect success of subscription services/account purchases
July 30, 2025SSN Staff
BOCA RATON, Fla. — ADT reported its results for the second quarter of 2025 buoyed by high RMR and adoption of its ADT+ platform.
“ADT delivered another strong quarter, highlighted by record recurring monthly revenue, robust cash flow generation, and strong earnings per share growth. These results reflect the resilience of our business and effective execution of our strategy,” said ADT Chairman, President and CEO, Jim DeVries. “With increasing adoption of our ADT+ platform...
ADT touts its resilience
May 2, 2025Ken Showers, Managing Editor
BOCA RATON, Fla. — Despite a volatile market, ADT highlighted record RMR returns and record customer retention in the first quarter of 2025 and doubled-down on its resilience during a recent earnings presentation.
In total, ADT saw recurring monthly revenue (RMR) increase by 2% to $360 million in Q1, with record customer retention (gross revenue attrition of 12.6%; revenue payback at 2.3 years).
“I think the headline from us is we have an exceptionally resilient...
Commercial and Solar in rear view as ADT pivots hard to smart home
March 5, 2025Ken Showers, Managing Editor
BOCA RATON, Fla. — ADT President and CEO Jim DeVries recommitted to the company’s decision to bow out of its solar business and go all in on its security and smart home during a recent webcast to discuss financial results.
“As a reminder, following the wind down of our solar operation in 2024, ADT is now completely focused on our core security and smart home business,” he said. “This market is large and growing to what analysts project at $23 billion in consumer...
ADT appoints Thomas Gartland to board of directors
January 27, 2025SSN Staff
BOCA RATON, Fla. — ADT has announced the appointment of Thomas Gartland to the company’s board of directors as an additional independent director.
In conjunction with his appointment, Gartland will join the board’s Audit Committee.
“We are pleased to welcome Tom to our board of directors,” said Jim DeVries, ADT chairman, president and CEO. “Tom’s proven track record of driving operational excellence and his strategic mindset make him an outstanding...
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...