ADT Inc. (NYSE: ADT), a leading provider of security and smart home solutions, reported strong third-quarter 2024 results with key financial highlights as follows:

Total revenue increased by 5% year-over-year to $1.24 billion, driven by growth in recurring monthly revenue (RMR) from monitoring and related services, which rose 2% to $359 million. The company's end-of-period RMR balance reached a record high of $4.3 billion on an annualized basis.

ADT delivered solid profitability with adjusted EBITDA from continuing operations rising 6% to $659 million and adjusted net income from continuing operations increasing 27% to $183 million or $0.20 per diluted share. The company's adjusted EBITDA margin stood at an impressive 53%.

Customer retention remained robust with gross revenue attrition of 12.8% and revenue payback at 2.2 years. ADT's free cash flow generation was also strong, with adjusted free cash flow (including interest rate swaps) totaling $158 million for the quarter.

Based on the solid performance, ADT raised its full-year 2024 guidance, now expecting revenue between $4.85 billion and $4.95 billion (vs prior range of $4.8 billion to $5 billion), adjusted EBITDA of $2.55 billion to $2.6 billion (vs $2.525 billion to $2.625 billion), and adjusted EPS of $0.70 to $0.75 (vs $0.65 to $0.75).