| --- | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | Fourth-Quarter & Full-Year 2023 Earnings Webcast February 28 , 2024 | | | | | | | | | | | | | Bill Cobb Jessica Ross Matt Davis Forward Looking Statements Non-GAAP Financial Measures 3 Financial Performance Revenue increased 7% to $1.78B Adjusted EBITDA(1) rose 62% to a record $346M Took aggressive actions on infla ...

Frontdoor (FTDR) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 900%. A quarter ago, it was expected that this home services provider would post earnings of $0.54 per share when it actually produced earnings of $0.94, delivering a surprise of 74.07%.Over the last four quarters, the c ...

MEMPHIS, Tenn.--(BUSINESS WIRE)--Frontdoor, Inc. (NASDAQ: FTDR), the nation’s leading provider of home warranties, today announced fourth-quarter and full-year 2023 results.                                       Financial Results     Three Months Ended   Year Ended     December 31,   December 31, $ millions (except as noted)   2023   2022   Change   2023   2022   Change ...

Exhibit 99.1 Frontdoor Announces Full-Year 2023 Revenue Increased 7% to $1.78 Billion; Gross Profit Margin Rebounded 700 bps to 50% in 2023; Record Net Income of $171 Million and Adjusted EBITDA(1) of $346 Million; $120 Million Utilized to Repurchase 3.6 Million Shares; Targeting Higher Revenue and Adjusted EBITDA(1) in 2024 MEMPHIS, TENN. — February 28, 2024 — Frontdoor, Inc. (NASDAQ: FTDR), the nation's leading provider of home warranties, today announced fourth-quarter and full-year 2023 results. | Finan ...

Analysts on Wall Street project that Frontdoor (FTDR) will announce quarterly earnings of $0.02 per share in its forthcoming report, representing a decline of 84.6% year over year. Revenues are projected to reach $358.73 million, increasing 5.8% from the same quarter last year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to a company' ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________________________ FORM 10-Q ________________________________________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38617 _______________________________ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________________________ FORM 10-Q ________________________________________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38617 ____________________________________ ...

First-Quarter 2023 Earnings Webcast frontdoor. May 4, 2023 2 Chairman & Chief Executive Officer Senior Vice President & Chief Financial Officer Vice President Investor Relations & Treasurer This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, in particular, projected future performance and any statements about Frontdoor's plans, strategies and prospects ...

Financial Data and Key Metrics Changes - First quarter revenue increased by 4% year-over-year to $367 million, driven by a 10% increase in pricing, which offset a 5% decline in volume [28][30] - Gross profit for the quarter rose by $26 million to $170 million, resulting in a gross profit margin increase of 540 basis points to 46% [28][30] - Net income increased by $20 million to $22 million, with adjusted net income also rising by $20 million to $23 million [28][30] - Free cash flow for the first quarter was $52 million, with a projection of approximately $100 million for the full year [29] Business Line Data and Key Metrics Changes - Revenue from customer renewals increased by 13% year-over-year, while first-year real estate revenue decreased by 28% due to a decline in home service plans sold [28] - First-year DTC revenue decreased by 5% compared to the prior year, attributed to pricing and marketing challenges [28][30] - Preferred contractor utilization rose by 270 basis points to a 10-year high of 84% [24][28] Market Data and Key Metrics Changes - The real estate channel saw a 22% decline in existing home sales year-over-year, with inventory levels remaining low [44] - Customer retention rates improved by 180 basis points to 75.9% despite a targeted price increase of 11% in 2023 [44] Company Strategy and Development Direction - The company is focused on two growth engines: American Home Shield and the new Frontdoor brand, with significant investments in marketing and branding [26][30] - The launch of the Frontdoor app aims to enhance customer engagement and streamline home maintenance services [41][42] - The company is pivoting its discounting strategy to improve customer acquisition and retention in the DTC channel [27][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in long-term business outlook despite caution regarding the immediate revenue profile of the new Frontdoor brand [40][30] - The company is monitoring inflation, SG&A investments, and other variables as it evaluates the second half of the year [30] - Management noted that while the first quarter results were strong, they will not raise the full-year outlook at this time due to uncertainties in the market [40] Other Important Information - The company plans to return approximately $80 million to shareholders through its existing share repurchase program in 2023 [29] - The anticipated second quarter revenue is projected to be between $505 million and $520 million, reflecting a nearly 15% increase in the renewal channel [30] Q&A Session All Questions and Answers Question: Can you provide insights on consumer engagement with the new app? - Management noted that the app has been downloaded over 165,000 times, with positive feedback on the user experience and video chat feature [41][50] Question: What are the expectations for consumer appetite for subscription services in a potential recession? - Management believes the product offers high value, which could resonate well with consumers even in a recessionary environment [51][52] Question: How is the consolidation of brands under American Home Shield progressing? - Management indicated that the consolidation is ongoing and on track, but it will take time due to existing renewal products [50] Question: What is the outlook for the DTC channel regarding price versus volume? - Management acknowledged challenges in the DTC channel due to previous price increases but is optimistic about early sales trends following a pivot in discounting strategy [67]

FORM 10-Q ________________________________________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________________________ For the quarterly period ended March 31, 2023 or 3400 Players Club Parkway, Memphis, Tennessee 38125 (Address of principal executive offices) (Zip Code) 901-701-5000 (Registrant's telephone number, including area code) Securities registered p ...