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) is widely described in its own disclosures as the nation’s industry leader in home warranties and new home structural warranties, and as a leading provider of on-demand home repair and maintenance services. News about Frontdoor often centers on its American Home Shield and 2-10 Home Buyers Warranty brands, leadership updates, financial results, and home services programs.
Readers following Frontdoor news can expect coverage of quarterly earnings announcements, where the company discusses revenue trends, gross profit margins, adjusted EBITDA and cash flow, as well as commentary on drivers such as the acquisition of 2-10 Home Buyers Warranty and growth in non-warranty programs. These updates are typically furnished through Form 8-K filings and associated press releases.
Frontdoor news also highlights executive appointments and governance developments, including changes in the roles of the chief financial officer, chief technology officer, and chief accounting officer, as documented in recent Form 8-K filings. In addition, the company reports on recognition for its leaders, such as awards from the Stevie Awards for Women in Business and local honors for executives in the Memphis area.
Another theme in Frontdoor’s news flow is product and program activity under the American Home Shield brand, including promotional campaigns for home warranty plans, the New HVAC Program, and initiatives that leverage the Frontdoor and AHS apps. Community and philanthropic efforts, such as American Home Shield’s collaboration with Operation Tiny Home and Project Sanctuary to donate tiny homes for veterans and military families, are also featured.
Investors and homeowners can use this news page to monitor Frontdoor’s financial disclosures, leadership changes, brand campaigns and home services initiatives over time.
Frontdoor (NASDAQ: FTDR) will unveil its fourth-quarter and full-year 2022 financial results after market close on March 1, 2023. The following day, March 2, 2023, company leadership will discuss the results and future strategies during Investor Day in New York at 9:00 a.m. ET. A live webcast will be accessible for the public at the investor relations home page. Frontdoor is a leading provider of home service plans in the U.S., serving 2.2 million customers with a network of approximately 17,000 contractors.
Frontdoor, Inc. (NASDAQ: FTDR) has announced a limited-time offer from January 25-27, 2023, providing new members with a $150 discount on any annual home service warranty plan. According to CMO Kathy Collins, this promotion aims to enhance value and budget protection for homeowners. The service plans cover repair and replacement costs of home systems and appliances due to normal wear and tear, complementing homeowner's insurance. The offer requires the use of promotion code COZY150 and is exclusive to new members, with restrictions on certain locations and properties.
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Frontdoor, Inc. (NASDAQ: FTDR) has appointed Kerri Jones as Senior Vice President and Chief People Officer, effective December 31, 2022. Jones is recognized for her extensive HR and operations experience, which is expected to significantly contribute to the company's transformation strategy. Previously, she managed a $1.7 billion acquisition at Waddell & Reed, demonstrating her ability to lead complex projects. Jones's focus will be on acquiring talent that aligns with Frontdoor's strategic vision for change.
Frontdoor, Inc. (NASDAQ: FTDR) announces a special promotional offer for new members of American Home Shield, providing $150 off any annual home service warranty plan from December 27 - 29, 2022. This offer is designed to enhance value for homeowners, with plans that cover repair and replacement costs for household systems and appliances due to normal wear and tear. The promotion is available to new members using code SAVE150* and applies to select housing types. For details, visit www.ahs.com.
Frontdoor, Inc. (NASDAQ: FTDR) has appointed Jessica P. Ross as Senior Vice President and Chief Financial Officer, effective December 30, 2022, succeeding Brian Turcotte, who will continue as an advisor until March 31, 2023. Ross brings over 20 years of experience from Salesforce, where she held executive finance roles. Her previous experience includes leadership at Stitch Fix during its IPO. Frontdoor aims for growth in the home services sector, serving 2.2 million customers and operating through 17,000 contractor firms.
Frontdoor, Inc. (NASDAQ: FTDR) has announced a special Black Friday and Cyber Monday offer for new members, providing $150 off any annual home service warranty plan from November 25 to 28, 2022. This promotion highlights the company's leading position in the home service market, aiming to attract new customers during the holiday shopping season. The plans offered, including ShieldSilver, ShieldGold, and ShieldPlatinum, cater to various budgets and help cover repair costs for home systems and appliances. The offer is exclusive to new members and cannot be combined with other promotions.
Frontdoor, Inc. (NASDAQ: FTDR) reported that its flagship brand, American Home Shield, has paid over $4 billion in member claims from January 2016 to September 2022. This achievement highlights the company's commitment to its members amidst high inflation, emphasizing the value of home service plans. These plans protect against unforeseen home expenses, covering repairs and replacements for essential systems. American Home Shield received a 4.6 out of 5 stars rating for its customer service, reflecting its extensive coverage options.
Frontdoor, Inc. (NASDAQ: FTDR) reported a 3% increase in Q3 2022 revenue to $484 million, driven by pricing and customer mix changes, despite a 3% decline in volume. However, gross profit fell by 17% to $210 million due to inflation-related costs, impacting net income, which dropped 63% to $28 million. The company has implemented cost-cutting measures, including a 7% workforce reduction, in response to economic challenges. Full-year revenue guidance is raised to $1.65-$1.66 billion, with adjusted EBITDA projected at $185-$195 million. The company anticipates a decline in real estate channel revenue.
Frontdoor, Inc. (NASDAQ: FTDR) announced its third-quarter 2022 financial results will be released on November 3, 2022, at 7:30 a.m. Central time. A conference call will follow to discuss these results, open to participants via phone and webcast. Frontdoor, a leading provider of home service plans, serves approximately 2.2 million customers through its brands like American Home Shield and ProConnect, employing a network of about 17,000 contractors. Forward-looking statements are included, cautioning potential variability in actual results.