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) has announced the return of comedienne Rachel Dratch as 'Warrantina' for the second year of American Home Shield's marketing campaign. The campaign highlights a new feature allowing members of select AHS plans to video chat with repair Experts through the AHS app for assistance with plumbing, electrical, HVAC, and appliance issues at no additional cost.
Since the video chat feature launched on February 27, nearly 20% of members using it have resolved their issues directly over the phone or received guidance for self-repairs, resulting in time and cost savings. The campaign, developed with creative agency Fallon, includes new spots filmed in Los Angeles in February, featuring Dratch in scenarios demonstrating the video chat experience and warranty benefits.
The brand will maintain a presence on Netflix's WWE RAW Monday night broadcasts and DirecTV's March basketball tournament coverage across multiple channels.
American Home Shield, a Frontdoor (NASDAQ: FTDR) company, announces a 40% discount on its ShieldPlatinum, ShieldGold, and ShieldSilver warranty plans for new members through March 31, 2025. The one-year renewable home warranty plans cover up to 29 major home systems and appliances.
A notable addition to ShieldPlatinum and ShieldGold plans is the new Video chat with an Expert feature, available at no additional cost through the American Home Shield app. Since its launch on February 27, nearly 20% of members using video chat resolved their issues remotely or received guidance for self-repairs, resulting in time and cost savings.
The Expert service is provided by experienced former contractors specializing in plumbing, electrical, HVAC, and appliances, with an average of 19 years of experience. The service is available nationwide seven days a week from 7 a.m. to 10 p.m. eastern time.
Frontdoor (NASDAQ: FTDR) has introduced a new video chat feature for its American Home Shield (AHS) brand, allowing members with select plans to connect live with home repair experts through the AHS app. The service, previously launched through the Frontdoor app in 2023, is now available at no additional cost to ShieldPlatinum, ShieldGold, ShieldComplete, and ShieldPlus plan members, covering approximately 87% of AHS's two million members.
The video chat service connects homeowners with experienced former contractors specializing in plumbing, electrical, HVAC, appliances, and general repairs. These experts average 19 years of experience and are available nationwide seven days a week from 7 AM to 10 PM Eastern time. The feature aims to help members potentially resolve issues remotely, saving time and money.
Frontdoor (NASDAQ: FTDR) reported strong financial results for 2024, with revenue increasing 4% to $1.84 billion. The company achieved significant improvements in profitability, with gross profit margin expanding 410 basis points to 54% and net income rising 37% to $235 million. Diluted earnings per share increased 42% to $3.01.
Key highlights include the completion of the 2-10 Home Buyers Warranty acquisition and securing a $1.47 billion credit facility. The company utilized $160 million to repurchase approximately 4 million shares in 2024. Operating cash flow reached $270 million.
For 2025, Frontdoor projects revenue between $2.0-2.04 billion, with an Adjusted EBITDA range of $450-475 million. The outlook includes expectations of 2-4% increase in realized price, though home warranty member count is forecasted to decline 2-4%.
Frontdoor (NASDAQ: FTDR), the leading home warranty provider in the U.S., has announced it will host its Investor Day and Fourth-Quarter and Full-Year 2024 financial results presentation on February 27, 2025 in New York. The event will commence at 9:00 a.m. Eastern Time.
The company's leadership team will present their vision, strategy, and new service offerings, along with the 2024 financial results and 2025 financial outlook. A live webcast and presentation slides will be available on the investor relations website, with replay access available for 60 days following the event.
Frontdoor Inc (FTDR) commemorates National Home Warranty Day by highlighting the importance of home warranties and their distinct benefits compared to homeowner's insurance. A home warranty is a one-year service contract covering repair and replacement costs for systems and appliances due to normal wear and tear.
Chief Revenue Officer Kathy Collins emphasizes the inevitability of home system breakdowns and the importance of educating homeowners about warranty benefits. The company's leading brands, American Home Shield and 2-10, offer access to a nationwide network of over 17,000 independent home service contractors.
Key highlights include:
- Home warranties complement homeowner's insurance by covering normal wear and tear
- Plans can be customized to include specific home systems and appliances
- Warranties help manage unexpected breakdown costs
- Available for homeowners at any stage - buying, selling, or current ownership
Frontdoor (NASDAQ: FTDR) has expanded its partnership with Moen to six additional states for the installation of Moen® Flo Smart Water Monitor and Shutoff devices. The expansion, which began January 31, adds Connecticut, Illinois, Kansas, Michigan, New Jersey, and Tennessee to the existing eight-state coverage, bringing the total to 14 states.
The Moen device uses AI technology to monitor water pressure and flow rates, detecting leaks as small as one drop per minute. It has demonstrated effectiveness in reducing 96% of non-weather water insurance claims. The system can automatically shut off water supply when detecting issues and allows users to monitor water usage through a smartphone app.
As part of the agreement, customers who purchase Flo through specific insurance provider marketing programs will receive a free one-year Frontdoor Unlimited membership alongside installation services.
Frontdoor (NASDAQ: FTDR), the leading home warranty provider in the U.S., has announced it will host an Investor Day event and release its fourth-quarter and full-year 2024 financial results on February 27, 2024, in New York. The event will commence at 9:00 a.m. Eastern Time.
The company's leadership team will present their vision, strategy, and new service offerings, along with the 2024 financial results and 2025 financial outlook. A live webcast and presentation slides will be accessible to the public through the investor relations website, with a replay available for 60 days following the event.
Frontdoor (NASDAQ: FTDR), the nation's leading home warranty provider, has launched a new trade school scholarship program in partnership with BlueRecruit to address the growing skilled trades labor shortage. The initiative aims to support students pursuing careers in trades as current workers retire from the profession.
The scholarship program is open to students across the United States, with recipients selected based on their industry commitment, including trade school enrollment, recommendation letters, and video essays. A Frontdoor committee will review applications and award funds based on education and degree progress.
The partnership addresses a critical industry challenge as essential professionals like contractors, plumbers, and electricians retire, creating a widening gap between job openings and qualified workers. As a home services sector leader, Frontdoor is taking proactive steps to drive positive industry change.
Frontdoor (NASDAQ: FTDR) has completed the acquisition of 2-10 Home Buyers Warranty for $585 million in an all-cash transaction. The acquisition immediately expands Frontdoor's customer base, revenue, and earnings while diversifying its portfolio through 2-10's New Home Structural Warranty product.
Alongside the acquisition, Frontdoor has secured a $1.47 billion credit facility, consisting of a $418 million Term Loan A, an $800 million Term Loan B, and a $250 million revolving credit facility. The proceeds will be used to retire existing debt, fund the acquisition, and support share repurchases and general corporate purposes.