Frontdoor Earnings Reports

Frontdoor reported a 4% increase in revenue to $542 million, driven by price increases, which were partially offset by lower volume. Gross profit margin reached a record high of 56%, and net income increased by 32% to $92 million. The company is focused on driving home warranty sales, expanding its on-demand business, and closing the 2-10 acquisition.

Frontdoor reported a 3% increase in revenue to $378 million for Q1 2024. The company's gross profit margin expanded to 51%, and net income increased to $34 million. The company is raising full-year 2024 gross profit margin and Adjusted EBITDA outlook.

Frontdoor reported an 8% increase in revenue to $366 million and a net income of $9 million for Q4 2023. The gross profit margin increased by 570 basis points to 48%. Adjusted EBITDA increased by $12 million to $45 million.

Frontdoor reported an 8% increase in revenue to $524 million for Q3 2023. Gross profit margin expanded by 760 bps to 51%, and net income more than doubled to $71 million. Adjusted EBITDA increased by 61% to $128 million. The company is raising its full-year 2023 outlook for revenue, Adjusted EBITDA, and share repurchases.

Frontdoor reported a 7% increase in revenue to $523 million, driven by price increases, which were partially offset by a decline in volume. Gross profit margin improved significantly due to higher prices, favorable weather conditions, and process improvements. Net income more than doubled, and Adjusted EBITDA rose by 57%. The company also raised its full-year outlook for revenue and Adjusted EBITDA.

Frontdoor reported a 4% increase in revenue to $367 million for Q1 2023. Gross profit margin improved to 46%, and net income rose to $22 million. The company launched a new mobile app and expects to repurchase approximately $80 million in stock in 2023.

Frontdoor's Q4 2022 revenue was $339 million, in line with the prior year. Net income was $8 million, and Adjusted EBITDA was $33 million. The gross profit margin of 43% was better than expected due to moderating inflation.

Frontdoor reported a 3% increase in revenue to $484 million for Q3 2022. However, net income decreased by 63% to $28 million, and adjusted EBITDA decreased by 35% to $79 million. The company broadened cost reduction initiatives and reduced its workforce by 7%. Despite these challenges, Frontdoor raised its full-year 2022 revenue and adjusted EBITDA guidance.

Frontdoor reported a 5% increase in revenue to $487 million in Q2 2022. Net income was $33 million, and Adjusted EBITDA was $77 million. The company's outlook reflects a challenging macroeconomic environment and claims cost inflation.

Frontdoor reported a 7% increase in revenue to $351 million for Q1 2022. The growth was driven by double-digit revenue increases in the renewal and direct-to-consumer channels, which was partially offset by a decline in real estate channel revenue. Net income was $2 million, and adjusted EBITDA was $25 million.

Frontdoor reported a 5% increase in revenue to $340 million for Q4 2021. Net income was $7 million and Adjusted EBITDA was $28 million. The company is focused on driving demand growth, raising customer retention, and tackling pandemic-driven inflationary pressures.

Frontdoor reported a 7% increase in revenue to $471 million for Q3 2021, driven by growth in renewal and direct-to-consumer channels, offsetting challenges in the real estate channel. The company achieved a gross profit margin of 54% and net income of $76 million, with adjusted EBITDA reaching a record $122 million. A $400 million share repurchase program was launched, with $25 million repurchased in September.

Frontdoor, Inc. announced strong second-quarter 2021 results with an 11% increase in revenue to $462 million. The company's performance was driven by growth in renewals and direct-to-consumer channels, though impacted by a tight real estate market. Frontdoor is increasing its focus on home buyers and investing in the direct-to-consumer channel.

Frontdoor, Inc. announced a strong start to 2021 with a 12% increase in revenue to $329 million. The company's net income was $5 million, and adjusted EBITDA reached $36 million. Growth was driven by direct-to-consumer marketing investments and an increase in home service plans.

Frontdoor Inc. announced solid Q4 2020 results with an 8% increase in revenue to $323 million. However, net income decreased significantly to $2 million, and adjusted EBITDA fell by 33% to $32 million due to increased contract claims, sales and marketing, and customer service costs.

Frontdoor reported an 8% increase in revenue, reaching $440 million. The company's net income was $49 million, with diluted earnings per share at $0.57. Customer retention improved to 76%, and home service plan growth accelerated to 4%.

Frontdoor reported an 8% increase in revenue to $417 million. Despite challenges from COVID-19, the company saw stable customer retention at 75% and an increase in available liquidity. The company is investing in direct-to-consumer marketing and customer retention initiatives.

Frontdoor reported an 8% increase in revenue to $294 million for Q1 2020. Net income remained consistent at $13 million, with diluted earnings per share also at $0.15. The company's cash and cash equivalents increased by $54 million, reaching $482 million.

Frontdoor reported a 7% increase in revenue to $300 million and an 11% increase in net income to $19 million for the fourth quarter of 2019. The company successfully launched its Candu offering and completed the acquisition of Streem.