Welcome to our dedicated page for Frontdoor news (Ticker: FTDR), a resource for investors and traders seeking the latest updates and insights on Frontdoor stock.
Frontdoor, Inc. (NASDAQ: FTDR) provides investors and industry observers with timely updates through this dedicated news hub. Track official announcements including quarterly earnings, strategic partnerships, and service innovations from the parent company of American Home Shield and other leading home protection brands.
This resource offers centralized access to press releases detailing operational developments, leadership updates, and technological advancements in home maintenance solutions. Users will find coverage of subscription model enhancements, customer experience initiatives, and market expansion efforts within the home services sector.
Key content categories include financial performance reports, corporate governance changes, and updates to FTDR's multi-brand service offerings. The curated news selection enables stakeholders to monitor the company's progress in merging traditional home warranty expertise with digital-first customer engagement strategies.
Bookmark this page for streamlined tracking of Frontdoor's evolving position in the home services market. For comprehensive understanding of FTDR's business trajectory, combine these updates with SEC filings and annual reports available through official investor relations channels.
Frontdoor, Inc. (NASDAQ: FTDR) reported a 7% revenue increase for Q1 2022 at $351 million, with double-digit growth in renewal and direct-to-consumer channels. Gross profit decreased by 3% to $144 million, reflecting inflationary pressures. Net income fell by 69% to $2 million, and diluted EPS dropped 67% to $0.02. The company updated its full-year revenue outlook to $1.66 billion-$1.69 billion. Challenges included a 20% decline in real estate channel revenue and rising costs, leading to an adjusted EBITDA of $25 million, down 31% year-over-year.
Frontdoor, Inc. (NASDAQ: FTDR), a top home service plan provider, will release its first-quarter 2022 financial results on May 5, 2022, at 3:30 p.m. CT. A conference call will follow, accessible by dialing 1-844-200-6205 or via webcast at investors.frontdoorhome.com. Frontdoor serves approximately 2.2 million customers through a network of 17,000 contractors, responding to over 4 million service requests annually. The call will be available for replay for 60 days.
Frontdoor, Inc. (NASDAQ: FTDR) reported strong financial performance for 2021, with net income increasing 14% to $128 million and revenue rising 9% to $1.60 billion. Gross profit reached $785 million, a 10% increase, while adjusted EBITDA rose 11% to $300 million. The company repaid approximately $350 million of debt and repurchased $103 million in stock. Looking ahead, Frontdoor projects 2022 revenue between $1.70 billion and $1.73 billion, with a gross profit margin of 46.5% to 47.5%.
Frontdoor, Inc. (NASDAQ: FTDR) will announce its fourth-quarter and full-year 2021 financial results on February 24, 2022, at 3:30 p.m. CT. A conference call will provide insights into these results, accessible by dialing 1-844-200-6205 or via webcast at investors.frontdoorhome.com. The company, which offers home service plans, serves 2.2 million customers through a network of approximately 17,500 contractors. Following the call, a replay will be available for 60 days.
Frontdoor, Inc. (NASDAQ: FTDR), a leader in home service plans, will participate in the Raymond James Technology Investors Conference with a virtual fireside chat on December 7, 2021. The event will include a live webcast and will be accessible afterward for 60 days via the company's website. Frontdoor serves approximately 2.2 million customers in the U.S. through numerous contractors and technicians, addressing over four million service requests annually. The company offers customizable plans for home systems and appliances, utilizing technology for enhanced service delivery.
Frontdoor, Inc. (NASDAQ: FTDR), the leading provider of home service plans in the U.S., announced its participation in Wells Fargo's 5th Annual Virtual Summit on December 1, 2021. Management will hold a fireside chat during this event, with a live webcast available for attendees. A replay can be accessed on Frontdoor's investor relations website for 60 days post-event. Frontdoor serves 2.2 million customers through a network of 17,500 contractor firms and employs about 62,000 technicians, responding to over four million service requests annually.
Frontdoor, Inc. (NASDAQ: FTDR) reported strong third-quarter results for 2021, with revenue rising 7% to $471 million and net income increasing 56% to $76 million. The gross margin reached 54%, the highest in over 15 years. Adjusted EBITDA also saw a 34% year-over-year increase, totaling $122 million. The company initiated a $400 million share repurchase program, purchasing $25 million in September. However, customer retention dipped slightly to 74%. The full-year revenue outlook has been updated to between $1.59 billion and $1.60 billion.
Frontdoor, Inc (NASDAQ: FTDR) has appointed Christopher Clipper to its board of directors effective October 21, 2021. Clipper, currently CFO at Ralph Lauren, brings extensive experience in finance, accounting, and leadership from various roles in consumer-focused businesses including Nike and Time Warner. His appointment is expected to enhance Frontdoor's strategic operations and future growth. The board has also welcomed D. Steve Boland and restructured its committee memberships, highlighting the company's focus on strong governance and operational excellence.
Frontdoor, Inc. has expanded its board of directors to nine members by appointing D. Steve Boland, currently chief administrative officer at Bank of America Corporation, as a new director effective October 21, 2021. Boland, who has significant experience in customer-focused, digitally enabled businesses, will also serve on the nominating and corporate governance committee. His expertise in strategic planning and public policy is expected to enhance Frontdoor's operational goals.
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