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Mar 31, 2020
Frontdoor Q1 2020 Earnings Report
Frontdoor's first quarter revenue increased, driven by growth across all customer channels and effective cost management.
Key Takeaways
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.
Revenue increased by 8% to $294 million.
Gross profit margin increased by 270 basis points to 50%.
Net income remained steady at $13 million.
Cash and cash equivalents increased by $54 million to $482 million.
Revenue by Segment
Forward Guidance
The company anticipates revenue between $410 million and $420 million, and adjusted EBITDA between $95 million and $105 million for the second quarter of 2020. The full-year outlook was withdrawn due to COVID-19 uncertainties.
Positive Outlook
- Second quarter revenue is anticipated to range from $410 million to $420 million, compared to $388 million in the prior year period.
- Second quarter Adjusted EBITDA is anticipated to range from $95 million to $105 million, compared to $105 million in the prior year period.
Challenges Ahead
- Full-Year 2020 Outlook was withdrawn due to the uncertainty around the COVID-19 impact on the business.
- Second quarter financial outlook primarily reflects the anticipated COVID-19 impact on U.S. home resales and new home service plans in real estate channel.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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