Frontdoor, Inc. Stock Price, News & Analysis

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.

Frontdoor, Inc. (NASDAQ: FTDR) has strengthened its commitment to the skilled trade industry by awarding scholarships to students at Moore Tech College of Technology and Erwin Technical College. This initiative aims to empower future contractors and technicians, providing financial aid and networking opportunities through Frontdoor’s contractor network. Over 24 students have received support, reflecting Frontdoor's mission to enhance job creation and community strength. The company emphasizes that skilled trades offer lucrative careers, fostering a pipeline of talent essential for its operations.