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 (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.
Frontdoor (NASDAQ: FTDR) has launched a $1.47 billion credit facility to fund the acquisition of 2-10 Home Buyers Warranty and refinance existing debt. The facility includes a $418 million Term Loan A, an $800 million Term Loan B, and a $250 million revolving credit facility.
The company has received regulatory approval from the State of California and expects to close the 2-10 acquisition in mid-December 2024. The credit facility closing is subject to market conditions, definitive document execution, and satisfaction of customary closing conditions, including the concurrent closing of the 2-10 acquisition.
Frontdoor (NASDAQ: FTDR) has launched the new American Home Shield app for its home warranty members. The app provides convenient access to account and plan information, allowing users to make and track service requests, access special offers, and manage payment information. CEO Bill Cobb announced that additional features will be rolled out in the coming months to enhance the user experience. The app is now available for both iPhone and Android devices.
Frontdoor (NASDAQ: FTDR) reported strong Q3 2024 results with revenue increasing 3% to $540 million. Net income rose 40% to $100 million, while adjusted EBITDA grew 29% to $165 million. The company's gross profit margin improved 550 basis points to 57%. Frontdoor completed its $400 million share repurchase program and established a new $650 million authorization. The company raised its full-year 2024 outlook, projecting revenue of approximately $1.830 billion and adjusted EBITDA of $430 million. The 2-10 acquisition remains on track to close in Q4 2024.
Frontdoor (NASDAQ: FTDR) has expanded its exclusive agreement with Moen to install Moen Flo Smart Water Monitor and Shutoff devices in seven additional states: Arizona, Utah, Idaho, Oregon, Texas, Georgia and South Carolina, effective November 1. This expansion follows an earlier agreement for California installations. The Moen Flo device monitors water usage, detects leaks, and automatically shuts off water when catastrophic leaks are identified. The device can help reduce water damage claim frequency by up to 96%. As part of the agreement, Moen Flo customers will receive a free one-year Frontdoor Unlimited membership, providing access to video consultations with plumbing experts and in-person service scheduling.
Frontdoor (NASDAQ: FTDR) has expanded its agreement with Moen to install the Moen Flo Smart Water Monitor and Shutoff valve in seven additional states: Arizona, Utah, Idaho, Oregon, Texas, Georgia and South Carolina, effective November 1. This expansion follows an earlier agreement for installations in California.
The Moen Flo device monitors water usage, detects leaks, and automatically shuts off water when catastrophic leaks are identified. The system can help reduce water damage claim frequency by up to 96%. As part of the agreement, customers will receive a free one-year Frontdoor Unlimited membership, providing access to video consultations with plumbing experts and in-person service scheduling through Frontdoor's contractor network.
American Home Shield, a Frontdoor (NASDAQ: FTDR) brand, announces a -time offer of 50% off on its ShieldGold and ShieldSilver home warranty plans for new members. The ShieldSilver plan covers 14 major home systems, including heating, cooling, electrical, and plumbing systems. The ShieldGold plan extends coverage to 23 items, including nine additional everyday appliances. These home warranty plans help protect against repair and replacement costs when covered systems and appliances break down due to normal wear and tear, complementing traditional homeowner's insurance.
Frontdoor, a home repair and maintenance app, has been named a winner in Good Housekeeping's 2025 Home Reno Awards. Launched in April 2023, the app has been downloaded 2.4 million times and offers real-time video chats with experts on plumbing, electrical, HVAC, appliances, and handyman issues. The app's key features include:
- Diagnosis and repair advice
- Access to a network of trusted Pros for in-home help
- Helpful tips and discounts on HVAC systems and appliances
- First video chat is free, with unlimited chats available for $25 per year
Good Housekeeping's team spent 10,000 hours evaluating submissions for performance, safety, and durability in their Home Improvement & Outdoor Lab and through consumer testing. The recognition is seen as a significant honor for Frontdoor and its team.
Frontdoor, Inc. (NASDAQ: FTDR), the leading provider of home warranties in the U.S., has announced its plan to release third quarter 2024 financial results on Monday, November 4, 2024. The company will hold a conference call at 7:30 a.m. Central time (8:30 a.m. Eastern time) on the same day.
Participants can register for the conference call through a provided link, after which they will receive access details via email. The call will also be available as a webcast, including a slide presentation highlighting the company's results. The webcast can be accessed through Frontdoor's investor relations website.
For those unable to attend live, a replay of the call will be available for approximately 60 days. Replay access information for both phone and webcast options has been provided.