BOCA RATON, Fla. - ADT Inc. (NYSE: ADT), a leader in smart home and small business security solutions, has appointed Jeff Likosar as its Chief Financial Officer, a role he has filled on an interim basis since December 2023. The announcement made today confirms that Likosar, who also retains his positions as President, Corporate Development, and Chief Transformation Officer, will continue to oversee the company's financial operations alongside his other duties.
Likosar's history with ADT extends back to 2016, and he previously held the CFO position from 2017 to 2022. His reappointment follows a comprehensive search and evaluation process of several qualified candidates. Jim DeVries, ADT's Chairman, President, and CEO, expressed confidence in the decision, citing Likosar's significant contributions to the leadership team and his role in advancing the company's strategic and financial objectives.
ADT, recognized for its trusted brand in the security sector, offers innovative and sustainable solutions that enable customers to protect and connect with what is most important to them. The company prides itself on delivering a premium customer experience and is supported by the largest network of smart home security professionals in the United States.
InvestingPro Insights
As Jeff Likosar takes the helm of ADT's financial operations, investors and stakeholders may be keen to understand the company's current financial health and market position. According to InvestingPro data, ADT Inc. has a market capitalization of $5.79 billion, indicating its significant presence in the security solutions market. The company's P/E ratio stands at 12.6, suggesting that investors have positive earnings expectations relative to the company's share price. However, a deeper dive into the adjusted P/E ratio for the last twelve months as of Q4 2023 reveals a figure of -44.97, highlighting potential challenges in profitability that may be of interest to investors considering the long-term prospects of the company.
On the operational front, ADT's gross profit margin remains robust at 79.76%, demonstrating the company's ability to retain a substantial portion of its revenue after accounting for the cost of goods sold. This is a critical metric for investors, as it reflects the efficiency of the company's operations and its potential for sustainable growth. Additionally, ADT's dividend yield stands at an attractive 3.46%, paired with a notable dividend growth of 57.14% in the last twelve months, which could be enticing for income-focused investors.
InvestingPro Tips highlight that while ADT has experienced some revenue contraction, with a -3.59% revenue growth in the last twelve months, the company's strong gross profit margin and dividend growth may signal underlying strength. For those interested in a deeper analysis, InvestingPro offers even more detailed tips—there are 15 additional tips available on the platform. To access these insights and enhance your investment strategy, use the promo code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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