ADT, Inc. (NYSE:ADT) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET

Company Participants

Elizabeth Landers - IR Officer

James DeVries - CEO, President & Director

Kenneth Porpora - EVP & CFO

Conference Call Participants

Peter Christiansen - Citigroup

George Tong - Goldman Sachs Group

Toni Kaplan - Morgan Stanley

Ashish Sabadra - RBC Capital Markets

Operator

Good morning. thank you for attending today's ADT Third Quarter 2023 Earnings Call. My name is Jennifer, and I'll be your moderator today. [Operator Instructions].

I would now like to pass the conference to our host Elizabeth Landers with Investor Relations. You may proceed.

Elizabeth Landers

Thanks, operator. And good morning, everyone. We appreciate you joining today's call to discuss ADT's Third Quarter 2023 results. Speaking on today's call will be ADT's Chairman, President and CEO, Jim DeVries; and our EVP and CFO, Ken Porpora.

Following the prepared remarks, we'll take analyst questions. Also joining us for Q&A are Don Young, EVP and Chief Operating Officer; and Wayne Thorsen, EVP and Chief Business Officer.

Earlier this morning, we issued a press release and slide presentation of our financial results. These materials are available on our website at investor.adt.com.

Before we begin, I'd like to remind everyone that as of the third quarter of 2023, the commercial business is being reported as discontinued operations. Financials and metrics for current and historical periods discussed on this call will be for continuing operations, except for cash flows, which include amounts related to the commercial business through the date of sale.

Today's remarks also include forward-looking statements that represent our beliefs or expectations about future events. These forward-looking statements are subject to risks and uncertainties that cause actual results to differ materially. Some of the factors that may cause differences are described in our SEC filings.

We will also discuss non-GAAP financial measures on the call. The most directly comparable GAAP measures along with a reconciliation to those measures can be found in our earnings presentation on ADT's Investor Relations website.

And with that, I'm excited to turn the call over to Jim.

James DeVries

Thanks, Elizabeth. Good morning, and thank you to everyone for joining us today. I'll begin our third quarter call with an update on ADT's business portfolio, share how we continue to sharpen our focus for the path ahead, and I'll wrap with our third quarter performance. I'll then turn our call over to Ken Porpora, our CFO, for details on our third quarter financial results, more on our commercial divestiture and ADT's 2023 outlook.