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Last10K.com | 10-K Annual Report Tue Nov 27 2012
Exhibit 99.1
|
The ADT Corporation 1501 Yamato Road Boca Raton, FL 33431
+1 561.988.3600 www.adt.com | |||
FOR IMMEDIATE RELEASE
| Media Relations | Investor Relations | |||
| Sarah Cohn | Craig Streem | |||
| tel: +1 561.322.7029 | tel: +1 561.226.2983 | |||
| scohn@adt.com | cstreem@adt.com |
ADT REPORTS FOURTH QUARTER AND FISCAL YEAR 2012 RESULTS
BOARD OF DIRECTORS AUTHORIZES $2.0 BILLION SHARE REPURCHASE PROGRAM OVER 3 YEARS
COMPANY DECLARES INITIAL QUARTERLY DIVIDEND OF $0.125 PER SHARE
FOURTH QUARTER 2012
| • | Recurring revenue of $742 million, up 5.2% |
| • | Net income of $94 million, up 1.1% |
| • | EBITDA before special items of $401 million, up 2.8% |
| • | GAAP earnings per share of $0.40 and earnings per share before special items of $0.43 |
FOURTH QUARTER AND FISCAL YEAR RESULTS1
| ($ in millions, except per-share amounts) | Q4 2012 | Q4 2011 | Change | FY 2012 | FY 2011 | Change | ||||||||||||||||||
| Recurring revenue |
$ | 742 | $ | 705 | 5.2% | $ | 2,903 | $ | 2,765 | 5.0% | ||||||||||||||
| Other revenue |
$ | 70 | $ | 89 | -21.3% | $ | 325 | $ | 345 | -5.8% | ||||||||||||||
| Total revenue |
$ | 812 | $ | 794 | 2.3% | $ | 3,228 | $ | 3,110 | 3.8% | ||||||||||||||
| Net income |
$ | 94 | $ | 93 | 1.1% | $ | 394 | $ | 376 | 4.8% | ||||||||||||||
| EBITDA before special items1 |
$ | 401 | $ | 390 | 2.8% | $ | 1,609 | $ | 1,534 | 4.9% | ||||||||||||||
| EBITDA margin before special items1 |
49.4% | 49.1% | 30 bps | 49.8% | 49.3% | 50 bps | ||||||||||||||||||
| Net cash provided by operating activities |
$ | 362 | $ | 396 | -8.6% | $ | 1,493 | $ | 1,439 | 3.8% | ||||||||||||||
| Free cash flow before special items1 |
$ | 86 | $ | 154 | -44.2% | $ | 432 | $ | 563 | -23.3% | ||||||||||||||
| Diluted earnings per share |
$ | 0.40 | $ | 0.39 | 2.6% | $ | 1.67 | $ | 1.59 | 5.0% | ||||||||||||||
| Diluted earnings per share before special items1 |
$ | 0.43 | $ | 0.41 | 4.9% | $ | 1.74 | $ | 1.66 | 4.8% | ||||||||||||||
BOCA RATON, FL– November 27, 2012 – The ADT Corporation (NYSE: ADT) today reported diluted earnings per share of $0.40 for the fourth quarter of 2012, and diluted earnings per share before special items of $0.43. Naren Gursahaney, ADT’s Chief Executive Officer, said, “With our recent spin-off from Tyco International we entered the new fiscal year as a standalone public company with a clear leadership position in residential and small business security in North America. We are excited about the opportunities ahead of us to build on our leadership position and drive ongoing profitable growth.” Commenting on the company’s results for the fourth quarter, Gursahaney added, “We delivered solid recurring revenue growth fueled by the continued success of Pulse in the residential and small business security markets. Our focus for 2013 is to deliver meaningful shareholder value by leveraging our competitive strengths to accelerate growth and through the efficient deployment of capital.”
| 1 | Reconciliations from GAAP to non-GAAP financial measures can be found in the attached tables, as well as on the Investor Relations section of our web site, www.ADT.com. |
The following information was filed by Adt Corp on Tuesday, November 27, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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Adt Corp provided additional information to their SEC Filing as exhibits
Exhibit 21: List Of Subsidiaries Of The Adt Corporation
Exhibit 23: Consent Of Deloitte &Amp; Touche Llp
Exhibit 24: Powers Of Attorney
Exhibit 31.1: Certification Of Ceo Required By Sec Rule 13A-14(A) Or 15D-14(A)
Exhibit 31.2: Certification Of Cfo Required By Sec Rule 13A-14(A) Or 15D-14(A)
Exhibit 32: Certification By The Ceo And Cfo Pursuant To Section 906
CIK: 1546640
Form Type: 10-K Annual Report
Accession Number: 0001193125-12-482228
Submitted to the SEC: Tue Nov 27 2012 5:05:29 PM EST
Accepted by the SEC: Tue Nov 27 2012
Period: Friday, September 28, 2012
Industry: Detective Guard And Armored Car Services
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