ADT Inc. (NYSE:ADT) Q1 2024 Earnings Conference Call April 25, 2024 10:00 AM ET

Company Participants

Elizabeth Landers - Senior Director, IR
James DeVries - CEO, President and Chairman
Jeffrey Likosar - CFO

Conference Call Participants

George Tong - Goldman Sachs
David Paige - RBC
Ronan Kennedy - Barclays
Peter Christiansen - Citi

Operator

Good morning. Thank you for attending the ADT First Quarter 2024 Earnings Conference Call. My name is Victoria, and I'll be your moderator today. All lines will be muted during the presentation portion of the call, with an opportunity for questions-and-answers at the end. [Operator Instructions]

I would now like to pass the conference over to your host, Elizabeth Landers, Senior Director, Investor Relations. Thank you. You may proceed, Elizabeth.

Elizabeth Landers

Thanks, operator, and good morning, everyone. We appreciate you joining today's call to discuss ADT's first quarter 2024 results. Speaking on today's call will be ADT's Chairman, President and CEO, Jim DeVries; and our Chief Financial Officer, Jeff Likosar. Following the prepared remarks, we'll take analyst questions. 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 beginning in the third quarter of 2023, the commercial business is reported as discontinued operation. 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 could cause actual results to differ materially. Some of the factors that may cause differences are described in our SEC filings.

We 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 the ADT Investor Relations website.

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

James DeVries

Good morning, and thank you to everyone for joining us today to discuss ADT's first quarter results release this morning. ADT had a very good start to the year financially with strong CSB performance, driving top line growth, improved segment EBITDA and positive adjusted free cash flow all of, which Jeff will describe shortly.