ADT Inc. (NYSE:ADT) Q2 2024 Earnings Conference Call August 1, 2024 10:00 AM ET

Company Participants

Elizabeth Landers - Senior Director, Investor Relations
Jim DeVries - Chief Executive Officer, President & Chairman
Jeff Likosar - Chief Financial Officer
Wayne Thorsen - Chief Business Officer

Conference Call Participants

George Tong - Goldman Sachs
Ashish Sabadra - RBC Capital Markets
Toni Kaplan - Morgan Stanley
Ronan Kennedy - Barclays
Peter Christiansen - Citi

Operator

Thank you for standing by. I'd now like to welcome everyone to the ADT Second Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

I would now like to turn the call over to Elizabeth Landers. Please go ahead.

Elizabeth Landers

Thank you, operator, and good morning, everyone. We appreciate you joining today's call to discuss ADT's Second 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; Wayne Thorsen, Chief Business Officer, will also join us following the prepared remarks as we take analysts 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 both the former Commercial and Solar segment are 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 and Solar through the second quarter of 2024.

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 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 the ADT Investor Relations website.

Jim DeVries

Good morning, and thank you to everyone for joining us today to discuss ADT's second quarter results. As we've passed the midpoint of the year, ADT is well positioned to deliver the full year financial guidance we outlined in February. I am pleased with our overall performance this quarter and our first half, particularly against the current macroeconomic backdrop, which includes higher interest rates and fewer relocations, a traditional catalyst for new subscribers.