The ADT Corporation (NYSE:ADT) Q1 2015 Earnings Conference Call - Final Transcript

Jan 28, 2015 • 08:30 am ET


The ADT Corporation (NYSE:ADT) Q1 2015 Earnings Conference Call - Final Transcript


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Good morning ladies and gentlemen and welcome to the Q1 2015 ADT Corp Earnings Conference Call, hosted by Tim Perrott. My name is Benny (ph) and I'll be your event manager this morning. Throughout the conference remain on listen-only. (Operator Instructions). I'd like to advice the parties that this conference being recorded for replay purposes.

And now, I'd like to have Tim, Please go ahead.

Tim Perrott

Good morning and thank you for joining our call to discuss ADT's first quarter results for fiscal year 2015. With me on the call today are Naren Gursahaney, ADT's CEO and Mike Geltzeiler, ADT's CFO.

(Forward-Looking Cautionary Statements) In our first quarter 2015 earnings release and slides, which are now posted on our website at and on our investor relations app. We have provided a reconciliation of the company's non-GAAP financial measures to GAAP. We urge you to review that information in conjunction with today's discussion. For those of you following on the webcast, we will be using this slide deck to supplement our commentary this morning. Please note that, unless otherwise mentioned, references to our operating results exclude special items and these metrics are non-GAAP measures.

Now I would like to turn the call over to Naren. Naren?

Naren Gursahaney

Thanks, Tim and good morning, everyone. Thank you for joining our call today. I hope you had a chance to review our earnings press release we issued earlier this morning that highlights our results for the first quarter of 2015. This morning, I will discuss our key performance highlights and accomplishments for the quarter, then Mike Geltzeiler, will provide additional details on our financial and operational performance.

As you can see from our results, we've continued the trends we saw in the second half of 2014 and we're up to a strong start to the New Year, delivering another quarter of improved performance. Solid execution of our initiatives is driving stronger financial and operational results and the investments we continue to make in our business are positioning us for future profitable revenue growth. All of our key customer metrics continue to move in the right direction during the quarter, as we take advantage of our industry leading position and strong brand recognition.

We remain excited about what we see in the business today and the evolution occurring in our industry that is creating even more opportunities for future growth. I'm proud of our team's performance this quarter, while recognizing the opportunity for an even brighter future.

As we review our highlights for the quarter, I think it's important to look at our performance in the context of our strategy and against the backdrop of our rapidly evolving industry. We've made significant progress since becoming a standalone company, a little over two years ago. This progress is accelerated over the past several quarters as we begun the benefit from the initiatives that we have pursued to enhance our operations and competitive position resulting in improvements in our performance.

This quarter, we continue to invest in growth and