Frontdoor, Inc. Stock Price, News & Analysis

Frontdoor, Inc. (NASDAQ: FTDR) reported first-quarter 2021 results, revealing a 12% revenue increase to $329 million compared to $294 million in 2020. Despite revenue growth, net income fell 63% to $5 million, and diluted earnings per share decreased 60% to $0.06. The company completed a $100 million discretionary debt repayment and maintains $611 million in liquidity. Full-year revenue expectations remain at $1.63 billion to $1.65 billion, with an anticipated 48% gross profit margin. Adjusted EBITDA was $36 million, down 24% from the prior year.

Frontdoor, Inc. (NASDAQ: FTDR) will release its Q1 2021 financial results and host a conference call on May 6, 2021, at 3:30 p.m. CT. The call will include a slide presentation available via webcast at investors.frontdoorhome.com. Replay options will be available for 60 days after the call. Frontdoor provides home service plans through its brands, serving 2.2 million customers with a network of around 17,500 contractors and 62,000 technicians.

Frontdoor, Inc. (NASDAQ: FTDR), a leading provider of home service plans, announced its participation in the Truist Securities Technology, Internet & Services Conference on March 9, 2021. The management will engage in a virtual fireside chat. The live webcast can be accessed here and will be available for replay on the company’s investor website for 60 days.

For over 50 years, Frontdoor has served 2.2 million customers, responding to over four million service requests annually through a network of 17,500 contractors.

Frontdoor (NASDAQ: FTDR), a leading provider of home service plans, will participate in the 42nd Annual Raymond James & Associates’ Institutional Investors Conference on March 2, 2021. Management will engage in a virtual fireside chat accessible via live webcast, which will also be available for replay on the company’s website for 60 days post-event. Frontdoor serves approximately 2.2 million customers through its extensive network of contractors, addressing over four million service requests annually.

Frontdoor, Inc. (NASDAQ: FTDR) reported fourth-quarter and full-year 2020 results, achieving an 8% increase in revenue to $323 million for Q4 and $1.47 billion for the full year. However, net income dropped significantly by 91% in Q4, totaling $2 million, and by 26% for the year to $112 million. Adjusted EBITDA fell to $32 million for Q4 and $270 million for the full year, reflecting higher contract claims and operational costs. Looking ahead, FTDR forecasts 2021 revenue between $1.63 billion and $1.65 billion, with a gross profit margin of about 48%.

Frontdoor (NASDAQ: FTDR), the leading provider of home service plans in the U.S., will announce its fourth-quarter and full-year 2020 financial results on February 18, 2021, after market close. A conference call will follow at 3:30 PM CT, featuring CEO Rex Tibbens and CFO Brian Turcotte discussing the results. The call can be accessed at 1-844-750-4895, with a simultaneous webcast available on the company’s investor relations website. Frontdoor serves 2.2 million customers via a network of 17,000 contractors and handles over four million service requests annually.

Frontdoor (NASDAQ:FTDR) is launching American Home Shield ProConnect, a new on-demand service aimed at transforming the $400 billion U.S. home services market. This service facilitates easy scheduling of home repairs and maintenance through vetted local professionals. ProConnect will be available in 35 metropolitan areas, offering same-day and next-day appointments. CEO Rex Tibbens emphasizes the importance of trustworthy and convenient home services, particularly in the current climate where homes serve multiple purposes. This initiative aims to alleviate common homeowner frustrations regarding repair costs and contractor selection.

Rich Cacioppo, vice president of product at Frontdoor (NASDAQ: FTDR), will speak at CONNECTIONS: The Premier Connected Home Conference on Nov. 12. He will discuss the role of AI and AR in transforming smart home experiences, highlighting how technology can enhance homeowner interactions. Cacioppo emphasized an upcoming shift where AR becomes integral for AI communication in homes. Frontdoor, a leader in home service plans, serves 2.2 million customers and has acquired the tech startup Streem to advance their offerings in augmented reality and machine learning.

Frontdoor, Inc. (NASDAQ: FTDR) reported its third-quarter 2020 results, revealing an 8% increase in revenue to $440 million compared to $407 million in 2019. Gross profit rose 4% to $215 million, but net income fell 20% to $49 million. Diluted EPS dropped to $0.57, down from $0.72. Adjusted EBITDA declined 14% to $91 million, impacted by higher claims and marketing costs. Home service plans grew by 4%, aided by improved customer retention at 76%. The company maintains strong liquidity of $624 million and expects revenue of $315-325 million in Q4 2020.