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, Inc. (NASDAQ: FTDR), the leading provider of home service plans, will participate in the 41st Annual Growth Stock Conference hosted by William Blair. Management will engage in a virtual fireside chat on June 3, 2021. The live webcast can be accessed here, with a replay available on the company website for 60 days post-event.
Frontdoor, Inc (NASDAQ: FTDR), a leader in home service plans, will attend J.P. Morgan’s 49th Annual Global Technology, Media and Communications Conference. Management will participate in a virtual fireside chat on May 25, 2021. The live webcast is accessible here, with a replay available for 60 days post-event at investors.frontdoorhome.com. Frontdoor serves 2.2 million customers and responds to over four million service requests annually.
Frontdoor, Inc. (NASDAQ: FTDR), a leader in home service plans, is initiating a refinancing transaction to cut annual interest expenses and extend debt maturities. The plan involves using cash reserves and issuing new term loans alongside a revolving credit facility to repay existing $350 million 6.750% Senior Notes due 2026. This transaction aims to lower gross leverage, decrease the weighted average interest rate, and extend the average maturity. Final details will be announced upon closing, expected in June.
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.
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