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. reports news centered on its home warranty and new home builder warranty businesses, including American Home Shield and 2-10 Home Buyers Warranty. Company updates commonly cover quarterly financial results, member trends, revenue from renewal, real estate and direct-to-consumer channels, pricing and volume, adjusted EBITDA, and share repurchases.
Other recurring developments include technology partnerships for real estate transactions, consumer marketing for the home warranty category, and governance changes involving the board or finance leadership. Frontdoor's operating model connects homeowners, homebuyers, builders, agents and brokers with service-plan coverage for household systems, appliances, workmanship, distribution systems and structural components.
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.
Frontdoor, Inc. (NASDAQ: FTDR) will release its third-quarter 2020 financial results on November 4, 2020, after market close. A conference call is scheduled for 3:30 p.m. CT to discuss these results, led by CEO Rex Tibbens and CFO Brian Turcotte. Investors can join via phone or a webcast featuring a slide presentation. Frontdoor provides home service plans through brands like American Home Shield, serving 2.2 million customers and handling over four million service requests annually.