ADT Reaffirms FY19 Sales Guidance Of $5.00B-$5.15B vs $5.09B Est.

2019 OUTLOOK Despite the sale of Canadian assets and operations on November 5, 2019 and the elimination of the financial contribution from ADT Canada for the last two months of the year, the Company is reiterating

Benzinga · 11/12/2019 21:15

2019 OUTLOOK

Despite the sale of Canadian assets and operations on November 5, 2019 and the elimination of the financial contribution from ADT Canada for the last two months of the year, the Company is reiterating its financial outlook ranges for full-year 2019 due to the strength of its U.S. business. These financial outlook ranges include Total Revenue of $5.00 billion to $5.15 billion, Adjusted EBITDA of $2.47 billion to $2.50 billion, and Free Cash Flow before special items of $570 million to $610 million. Consistent with LTM Q3 2019 Gross Customer Revenue Attrition of 13.5%, the Company is updating its 2019 guidance to approximately 13.5%.(3)(4)