BUZZ-Apollo-backed ADT hits 2-year high on Q4 beat, stock buyback

Shares of ADT Inc ADT.N, home security firm backed by private equity giant Apollo Global Management APO.N, jump on Thurs after qtrly results top expectations and it unveils stock buyback

ADT shares rise as much as 10.6% to $8.33, highest since mid-Feb 2023. Shares last up 6% to $7.99 and tracking biggest daily pct advance since Oct 24

Boca Raton, Florida-based early Thurs reported Q4 rev of $1.26 bln, up 8% y/y, citing record recurring monthly rev and record customer retention

Analysts had expected rev of $1.23 bln, while adj EPS of 20 cents is a penny above consensus, per LSEG data

Co announces $500 mln share repurchase program to run through Apr 30, 2026

ADT has ~907 mln shares outstanding for ~$7.3 bln market cap. Apollo owns ~359.2 mln shares, or ~42% stake, per LSEG

For 2025, ADT forecasts full-yr rev of $5.025-$5.225 bln and adj EPS of 77-85 cents, both in line with estimates

Avg rating among 5 analysts covering ADT is "hold" with median PT of $9

With move on the session, stock up ~15.5% YTD

Apollo took ADT public in 2018 IPO priced at $14 after buying the co in 2016 for ~$7 bln