innovative financial poised year morning, and as markets. our an operator, we security to strengthened very year you, for ADT new thank of morning. quarter Good our strong and Thank and Elizabeth. was accelerate XXXX in today. us you, call fourth delivered commitments, business the on traditional you foundation towards company, joining transformation to this our our Thank results growth a advance earnings our released business a from everyone full
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flows. we the and earnings year, cash full For grew revenues,
per share. $XXX billion, generating million, to revenue total or net adjusted $X.X Our income up XX% of diluted $X.XX was
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streams. revenue diversifying we've growing also the our part focused business, of As on
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low retention Customer all-time improve, to attrition an of also gross at continued with XX.X%.
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approximately said homeowners offering. Farm addition million higher-quality to ADT's increase significant has Nest customer a this The to Farm State simply with provide Complementing our base potential us product State existing is an of XX provides success a Google customer with overall partnership reach. the
and and leveraging customers The the detect value to insurance technology water, access home related smart Together, fire, losses for intrusion facilitate other also mitigate by home State policyholders to Farm partnership to Farm are homeowner ADT's risks. will best-in-class proposition and State obtaining ADT protection. revolutionizing
this offer states, expect We the number exclusive of be half begin growth Farm to first limited of launching from during first into this State partnership and to anticipate our a year in XXXX. reflected
fourth this XXXX we're challenging economic begin navigate to a proud and we poised be year, environment. to quarter. throughout things many during the had We as And about
with revenue our model is XX% demonstrated coming business has consistently it from While remains approximately macro our the revenue recession-resilient, streams. of total environment uncertain, recurring
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the interest face. higher business, rates a actually fewer and attrition we any where the and higher for In the navigating challenging are our as We're influenced net through environment also interest positive important expenses rate also long-term, us. rates low consumer as existing rate this to passed-through affect solar also most rates Higher buy given interest business, are customers. financed relocations seeing metric, are both down year-over-year loans. gets This purchases impacts customers cost sales, to on
to intent, fortunately, the our rate impact actively hedged. course, is of our Investor last debt And year of underscored And biggest Day has at on This debt potential we reduce our most shared levels. which our could cash variable our be interest.
was of a at the meaningful X.X leverage a year from improvement X.X, just XXXX end net ratio Our ago.
long-term three consistent with under to by is plan. that of the financial XXXX, times end our goal Our get
focused the business in changes analyzed bottom, the We've solar and The from final customer experience overall to item performance to is top we our are instituting business. on improve outcomes. operation, the financial
new Executive as our of appointed ADT veteran, longtime this Vice segment. effort, we Solar, Haenggi, of Jamie part As growing leading this President
Solar, our we work of performance, While have these ahead to drive deliver. ADT changes the and know of segment in sustain we this we results us business have to of expect improved still level
for we're optimistic closing, XXXX. in So
We plan in uncertain to have a business may model resilient recession the we challenges, mitigate times. a these economic and face
with and Google to consumer of in meaningful and and State the revenues, two ahead. and line catalysts growing have sight growth flows Farm, We cash partnerships earnings year our
place is commercial to action the and in the available have market. capitalize growth Our on in us thriving, solar to business plans we
we and the out just Investor XXXX commitment, ago. goals our We a to both meeting strong a plan at XXXX have and laid objectives year Day,
CFO, financial details through I will over for XXXX. Ken now who the take to our guidance the our including you Porpora, turn of results, call will
