Frontdoor Inc.

Frontdoor, Inc. engages in the provision of home service plans. Its home service plans cover the repair or replacement of major home’s systems and appliances. The firm’s service focuses on water heaters, garbage disposals, doorbells, smoke detectors, ceiling fans, central vacuums, refrigerators, dishwashers and trash compactors. Its brands include American Home Shield, HSA, OneGuard and Landmark. The company was founded on January 2, 2018, and is headquartered in Memphis, TN.

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Frontdoor Inc. posts strong Q1 results, eyes growth opportunities

Frontdoor Inc. reported a strong Q1 performance with robust financials and strategic initiatives driving growth.
While facing challenges in certain channels, the company remains agile and focused on leveraging opportunities for expansion.
Maintaining a conservative outlook amidst inflation concerns, Frontdoor is poised for continued stability and growth in 2023.
Exciting developments like the Amazon tie-in and enhanced marketing strategies signal a promising future for Frontdoor Inc.

Frontdoor Inc. reports robust Q2 earnings, navigates challenges strategically

Frontdoor's strong financial performance and operational improvements reflect a resilient business model amidst challenges.
Management's proactive strategies to address challenges and capitalize on opportunities position the company for future growth.
With a focus on enhancing customer service, optimizing marketing strategies, and managing costs, Frontdoor remains optimistic about its outlook.

Frontdoor Inc. reports robust Q3 results and eyes strategic growth

Frontdoor Inc. delivered a strong Q3 performance with record revenue, margin improvement, and raised outlook, showcasing financial resilience and growth momentum.
The company's strategic focus on brand evolution, on-demand services, and prudent financial management positions it well for future growth and market expansion.
While facing inflationary pressures and marketing challenges, Frontdoor remains optimistic about its growth prospects, leveraging opportunities in new service offerings and market segments.

Frontdoor Inc. achieves record Q4 earnings, eyes customer growth

Frontdoor Inc. reported strong financial performance in Q4 2023, with a positive outlook for 2024. Despite challenges in the real estate market and inflation, the company is focused on growth and enhancing customer engagement with on-demand services.

Frontdoor Inc. reports Q1 growth, raises outlook amidst market challenges

Frontdoor Inc. delivered solid financial performance in Q1 2024, with revenue growth, improved margins, and increased EBITDA, despite facing challenges from market conditions and inflation.
The company's strategic initiatives to drive demand, enhance customer experience, and manage costs position it well for future growth and profitability.
By addressing challenges through proactive measures and seizing opportunities in new initiatives and market segments, Frontdoor Inc. demonstrates resilience and adaptability in a dynamic business environment.

Frontdoor Inc. reports record Q2 performance amidst market challenges

Frontdoor Inc. delivered strong financial results in Q2 2024, showcasing revenue growth, margin expansion, and improved EBITDA, while facing challenges from external economic factors.
The company's strategic objectives, marketing initiatives, and pending acquisition offer promising opportunities for future growth and value creation, requiring effective navigation of current challenges.
Overall, Frontdoor Inc. remains well-positioned with a strong capital structure, ongoing share repurchase program, and a focus on enhancing customer value and market presence for sustained success.

Frontdoor Inc. reports record Q3 performance and eyes market expansion

Frontdoor Inc. delivered strong financial results in Q3 2024, with notable improvements in revenue, net income, and adjusted EBITDA, reflecting operational excellence and strategic growth initiatives.
While facing challenges in the real estate channel, the company remains agile in adapting to market dynamics and leveraging opportunities in brand enhancement, customer engagement, and market expansion.
With a solid full-year outlook, strategic acquisitions, and a focus on shareholder value, Frontdoor Inc. is well-positioned to navigate challenges, capitalize on opportunities, and drive sustainable growth.

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MEMPHIS, Tenn.--(BUSINESS WIRE)--American Home Shield, a Frontdoor, Inc. (NASDAQ: FTDR) company and the nation's leading provider of home service plans, is offering 30% off annual home service plans for new members from September 26 through September 28, 2023. “Having the right home service plan can help simplify owning a home,” said Kathy Collins, Frontdoor chief brand officer. “Whether you are in a new home or older home, it's important to protect your home systems and appliances.” A home ser.

American Home Shield Offers 30% Off Annual Plans

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MEMPHIS, Tenn.--(BUSINESS WIRE)--Frontdoor, Inc. (NASDAQ: FTDR), the nation's leading provider of home service plans, today announced that Frontdoor Prime and Premium members can now enjoy unlimited live video chats with Frontdoor Experts for their home repair and maintenance needs. Video chats were previously limited to three per 12-month contract period, but feedback from some members showed that they were concerned they would run out of video chats and were holding back until they had a “ser.

Frontdoor Unleashes Unlimited Video Chats for Prime and Premium Members

MEMPHIS, Tenn.--(BUSINESS WIRE)--American Home Shield, a Frontdoor, Inc. (NASDAQ: FTDR) company and the nation's leading provider of home service plans, is offering 30% off annual home service plans for new members from now until September 5, 2023. “Heading into fall is a great time to ensure you have a plan to protect your home systems and appliances,” said Kathy Collins, Frontdoor chief brand officer. “It's not a matter of if they will break down due to normal wear and tear, it's when. Let us.

American Home Shield Offering 30% Off Annual Plan This Labor Day

Frontdoor reported Q2 results with a 25% decrease in the RE channel and an 11% decrease in the DTC channel, but a 15% increase in the renewal channel. The company saw significant improvements in margins due to easing inflation and well-planned price increases. The new Frontdoor brand and on-demand services are gaining momentum, with 950k app downloads, but conversion to paid services remains a challenge.

Frontdoor: Double Beat In Q2 With Improved Retention And New Apps' Momentum

MEMPHIS, Tenn.--(BUSINESS WIRE)--Frontdoor, Inc. (NASDAQ: FTDR), the nation's leading provider of home service plans, announced today that the Frontdoor app has been downloaded over one million times since it was launched April 11. “Consumer awareness of the app has been through the roof,” said Bill Cobb, Frontdoor's Chairman & CEO. “And with a great offer on our most comprehensive plan, Frontdoor Premium, we expect this trend to continue.” Frontdoor Premium is the service plan for the home.

Frontdoor Surpasses One Million Downloads

Frontdoor, Inc. (NASDAQ:FTDR ) Q2 2023 Earnings Conference Call August 2, 2023 8:30 AM ET Company Participants Matt Davis - Vice President of Investor Relations and Treasurer Bill Cobb - Chairman and Chief Executive Officer Jessica Ross - Chief Financial Officer Conference Call Participants Brian Fitzgerald - Wells Fargo Danny Pfeiffer - JPMorgan Mark Hughes - Truist Ian Zaffino - Oppenheimer Eric Sheridan - Goldman Sachs Operator Ladies and gentlemen, welcome to Frontdoor's Second Quarter 2023 Earnings Call. Today's call is being recorded and broadcast on the internet.

Frontdoor, Inc. (FTDR) Q2 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Frontdoor (FTDR) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Frontdoor (FTDR) Q2 Earnings: A Look at Key Metrics

MEMPHIS, Tenn.--(BUSINESS WIRE)--Frontdoor, Inc. (NASDAQ: FTDR), the nation's leading provider of home service plans, today announced second-quarter 2023 results. Financial Results     Three Months Ended     June 30, $ millions (except as noted)   2023   2022   Change Revenue   $ 523   $ 487   7 % Gross Profit     270     211   28 % Net Income     70     33   110 % Diluted Earnings per Share     0.85     0.40   111 % Adjusted Net Income(1)     71     44   63 % Adjusted Diluted Earnings per Shar.

Frontdoor Announces Second-Quarter 2023 Revenue Increased 7% to $523 Million

MEMPHIS, Tenn.--(BUSINESS WIRE)--Frontdoor, Inc. (NASDAQ: FTDR), the nation's leading provider of home service plans with about two million members, today announced that its board unanimously approved the election of Dr. Balakrishnan A. Ganesh on July 28 as a director of the company, effective immediately. “Bala is a very smart, tech savvy, innovation driven executive,” said Bill Cobb, Frontdoor's chairman and chief executive officer. “He has a wealth of experience in digital transformation, cy.

Tech Expert Dr. Bala Ganesh Joins Frontdoor Board of Directors

Frontdoor has by far the largest market share in the home services field.

A New Buying Window Could Open Up For Home Services Provider Frontdoor

MEMPHIS, Tenn.--(BUSINESS WIRE)--Frontdoor, Inc. (NASDAQ: FTDR), the nation's leading provider of home service plans, today announced it will release its second-quarter 2023 financial results and hold a conference call on Wednesday, August 2, 2023 at 7:30 a.m. Central time (8:30 a.m. Eastern time). The company invites all interested parties to join Chairman and Chief Executive Officer Bill Cobb and Chief Financial Officer Jessica Ross as they discuss the company's performance and financial resu.

Frontdoor, Inc. to Announce Second-Quarter 2023 Results

MEMPHIS, Tenn.--(BUSINESS WIRE)--American Home Shield, a Frontdoor, Inc. (NASDAQ: FTDR) company and the nation's leading provider of home service plans, is offering 30% off any of its three home service plans for new members from now until July 6, 2023. “With summer upon us, there's no better time to get this unbeatable offer to help protect up to 23 home systems and appliances in your home,” said Kathy Collins, Frontdoor's chief brand officer. A home service plan is a one-year service contract.

American Home Shield Offering 30% Off Any Plan

MEMPHIS, Tenn.--(BUSINESS WIRE)--Frontdoor, Inc. (NASDAQ: FTDR), the nation's leading provider of home service plans with about two million members, today announced an arrangement with Amazon where packages in Frontdoor branding are being delivered to front doors across the nation until the end of July (or until supplies last). “This is an innovative way to expose millions of homeowners to the Frontdoor app,” said Kathy Collins, Frontdoor's chief brand officer. “Amazon is the biggest name in e-.

Frontdoor Now On Front Porches Nationwide

MEMPHIS, Tenn.--(BUSINESS WIRE)--Frontdoor, Inc. (NASDAQ: FTDR), the nation's leading provider of home service plans with about two million members, today announced that Frontdoor Premium – as the next evolution of the Frontdoor app – is now available in select markets. “Frontdoor Premium is our reinvention of the traditional home service plan,” said Bill Cobb, Frontdoor chairman and CEO. “Premium is for the homeowner who wants it all – coverage for repairs, real-time advice, maintenance servic.

Frontdoor Launches Its Reinvention of the Home Service Plan

MEMPHIS, Tenn.--(BUSINESS WIRE)--Frontdoor, Inc. (NASDAQ: FTDR), the nation's leading provider of home service plans, announced today that the Frontdoor app has surpassed 500,000 downloads since it was launched on April 11. “We continue to see a tremendous response to the Frontdoor app,” said Bill Cobb, Frontdoor's Chairman & CEO. “It really is the one-stop-app for all things home repair and maintenance. Homeowners can talk live to one of our Experts who can either help you fix the problem.

Frontdoor Surpasses Half A Million Downloads!

Frontdoor is the leading home service plan provider in the US, operating primarily under the American Home Shield brand. I am initiating coverage on the name with a Buy rating and a price target of $36.6, with an implied upside of 16.7% (as of May 24, 2023). I believe Frontdoor will continue to lead the home service industry with its scale, efforts on digitalization, and recurring revenue model with healthy margins.

Frontdoor: Improving Renewal Base With Upside From The New Frontdoor Brand

Frontdoor stock rallied and is near a buy point after posting 625% earnings growth. The stock gained 50% this year so far.

Homeowner Services Firm Blows Doors Off With 625% Profit Surge

MEMPHIS, Tenn.--(BUSINESS WIRE)--American Home Shield, a Frontdoor, Inc. (NASDAQ: FTDR) company and the nation's leading provider of home service plans, is offering $150 off annual home service plans for new members from now until May 30, 2023. “This offer helps give homeowners a break when it comes to protecting their greatest asset,” said Kathy Collins, Frontdoor's chief marketing officer. “Now is the perfect time to purchase a plan to ensure your home is covered for the summer.” A home servi.

American Home Shield Offering $150 Off Annual Plan This Memorial Day

MEMPHIS, Tenn.--(BUSINESS WIRE)--Frontdoor, Inc. (NASDAQ: FTDR), the nation's leading provider of home service plans, announced today that Frontdoor, the one-stop-app for all things home maintenance and repair, has reached over 225,000 downloads in just the four weeks since it launched on April 11. “We are seeing tremendous consumer response to the app. Consumers can download Frontdoor for free and do one free video chat with one of our Experts to get help with any repair or maintenance need,”.

Frontdoor Surpasses 225,000 Downloads in First Month!

Frontdoor, Inc. (NASDAQ:FTDR ) Q1 2023 Results Conference Call May 4, 2023 8:30 AM ET Company Participants Matt Davis - Vice President of Investor Relations and Treasurer Bill Cobb - Chairman and Chief Executive Officer Jessica Ross - Chief Financial Officer Conference Call Participants Cory Carpenter - JPMorgan Ian Zaffino - Oppenheimer Justin Patterson - KeyBanc Brian Fitzgerald - Wells Fargo Eric Sheridan - Goldman Sachs Jeff Schmitt - William Blair Operator Ladies and gentlemen, welcome to Frontdoor's First Quarter 2023 Earnings Call. Today's call is being recorded and broadcast on the Internet.

Frontdoor, Inc. (FTDR) Q1 2023 Earnings Call Transcript

Frontdoor (FTDR) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.04 per share a year ago.

Frontdoor (FTDR) Q1 Earnings and Revenues Beat Estimates

MEMPHIS, Tenn.--(BUSINESS WIRE)--Frontdoor, Inc. (NASDAQ: FTDR), the nation's leading provider of home service plans, today announced first-quarter 2023 results. Financial Results     Three Months Ended     March 31, $ millions (except as noted)   2023   2022   Change Revenue   $ 367   $ 351   4 % Gross Profit     170     144   18 % Net Income     22     2   *% Diluted Earnings per Share     0.27     0.02   *% Adjusted Net Income(1)     23     3   *% Adjusted Diluted Earnings per Share(1)     0.

Frontdoor Announces First-Quarter 2023 Revenue Increased 4% to $367 Million

MEMPHIS, Tenn.--(BUSINESS WIRE)--Frontdoor, Inc. (NASDAQ: FTDR), the nation's leading provider of home service plans, is now offering members the opportunity to upgrade their HVAC system at a discount of up to 50 percent off the retail price. This program applies to current and future paid members of Frontdoor, Inc. brands – American Home Shield, and HSA, - as well as the new Frontdoor brand that launched April 11.

Frontdoor Now Offering Huge Discount on New HVAC Systems

MEMPHIS, Tenn.--(BUSINESS WIRE)--Frontdoor, Inc. (NASDAQ: FTDR), the nation's leading provider of home service plans, today announced it will release its first-quarter 2023 financial results and hold a conference call on Thursday, May 4, 2023 at 7:30 a.m. Central time (8:30 a.m. Eastern time).

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