Frontdoor (FTDR) FY Conference May 13, 2025 03:50 PM ET Speaker0 Hi. Good afternoon, everyone. Corey Carpenter, Internet analyst at JPMorgan. Happy to have Frontdoor chairman and CEO, Bill Cobb, and CFO, Jessica Ross, with me today. Akhil has been CEO since 2022, chairman since before the service master spin, and Jessica joined in 2022 from Salesforce. So thank you both for joining. Hi, Corey. I got plenty of questions to go through. We'll open it up at this time, though, at the end for q and a. I think eve ...

Investors might want to bet on Frontdoor (FTDR) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.The upward trend in estimate revisions for this home services provider reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation betwe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________________________ FORM 10-Q ________________________________________________ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38617 Frontdoor, Inc. (Exact name of registra ...

Frontdoor (FTDR) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.43 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 72.97%. A quarter ago, it was expected that this home services provider would post earnings of $0.11 per share when it actually produced earnings of $0.27, delivering a surprise of 145.45%.Over the last four quarters, th ...

Frontdoor (FTDR) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Speaker0 and gentlemen, welcome to Frontdoor's First Quarter twenty twenty five Earnings Call. Today's call is being recorded and broadcast on the Internet. Beginning today's call is Matt Davis, Vice President of Investor Relations and Treasurer. He will introduce the other speakers on the call. At this time, we will begin today's call. Please go ahead, Mr. Davis. Speaker1 Thank you, operator. Good morning, everyone, and thank you for joining F ...

Frontdoor (FTDR) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Company Participants Matt Davis - VP of Investor Relations & TreasurerBill Cobb - Chairman & CEOJessica Ross - Senior VP & CFOSergio Segura - Vice PresidentDanny Pfeiffer - Equity Research AssociateIsaac Sellhausen - Director - Equity Research Conference Call Participants Mark Hughes - AnalystJeff Schmitt - Research Analyst - Financial Services and Technology Operator and gentlemen, welcome to Frontdoor's First Quarter twenty twenty five Earnin ...

Chairman & Chief Executive Officer First-Quarter 2025 Earnings Webcast Bill Cobb Jessica Ross Matt Davis May 1st, 2025 1 Today's Presenters 2 Forward Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, in particular, projected future performance and any statements about Frontdoor's plans, strategies and prospects. Forward-looking sta ...

Financial Performance - Revenue increased 13% to $426 million, driven by a 10% increase in volume primarily from the 2-10 acquisition and a 3% increase from price[5] - Gross profit margin increased 380 basis points to a record 55% in the first quarter[5] - Net income rose 9% to $37 million, with diluted earnings per share increasing 13% to $0.49[5] - Adjusted EBITDA increased 41% to $100 million compared to the prior year[5] - Revenue for Q1 2025 was $426 million, a 12.7% increase from $378 million in Q1 2024[37] - Gross profit increased to $235 million in Q1 2025, up from $195 million in Q1 2024, reflecting a gross margin improvement[37] - Net income for Q1 2025 was $37 million, compared to $34 million in Q1 2024, representing an 8.8% year-over-year growth[37] - Adjusted net income rose to $49 million in Q1 2025, up 40% from $35 million in Q1 2024[46] - Adjusted EBITDA increased to $100 million, compared to $71 million in the same quarter of the previous year, marking a 40.8% growth[48] Cash Flow and Liquidity - Cash flow from operating activities was $124 million for the three months ended March 31, 2025[13] - Free cash flow increased 60% to $117 million for the three months ended March 31, 2025[15] - Free Cash Flow is defined as net cash from operating activities less property additions, providing insight into liquidity[28] - Cash and cash equivalents increased to $506 million as of March 31, 2025, from $421 million at the end of 2024[40] - Cash and cash equivalents at the end of the period were $506 million, up from $378 million at the end of Q1 2024, reflecting a 33.9% increase[42] - Net cash provided from operating activities was $124 million, compared to $84 million in the same quarter of the previous year, a 47.6% increase[47] Member and Customer Metrics - Direct-to-consumer ending member count increased 15% to 310,000, including 4% organic growth[5] - The number of home warranties increased to 2.10 million, representing a 7% growth from 1.96 million in the previous year[50] - Customer retention rate improved to 79.9%, up from 76.3% year-over-year, indicating enhanced customer loyalty[50] Future Outlook - Full-year revenue outlook increased to a range of $2.03 billion to $2.05 billion[24] - Adjusted EBITDA range for the full year increased to $500 million to $520 million[24] Shareholder Actions - Share repurchases totaled $105 million year-to-date through April 2025, with a target increase to at least $200 million for the year[16] - The company repurchased $71 million in common stock during the quarter, compared to $13 million in the same period last year[42] Balance Sheet Highlights - Total assets as of March 31, 2025, were $2,121 million, a slight increase from $2,107 million as of December 31, 2024[40] - Current liabilities increased to $414 million as of March 31, 2025, compared to $369 million at the end of 2024[40] - The company recorded a deferred revenue of $61 million, an increase from $57 million in the previous year, indicating growth in future revenue streams[42] Risk Management - The company is focused on managing risks related to supply chain challenges, interest rates, and competition in the market[25]

Company Overview - Frontdoor, Inc. (NASDAQ: FTDR) is a leading provider of home warranty plans in the United States, primarily generating revenue through its subsidiary, American Home Shield (AHS), which is the largest home warranty provider in the country [1]. Investment Strategy - The company is positioned as a value investment opportunity, focusing on long-term growth potential at reasonable prices. It is particularly attractive for investors looking for companies undergoing strategic changes that can correct stock prices back to their intrinsic value [1]. Competitive Advantages - The analysis emphasizes the importance of understanding company strategies and competitive advantages, which are crucial for assessing future prospects and potential returns for investors [1].

Core Insights - Frontdoor, Inc. held its Investor Day and announced its Q4 and full-year 2024 earnings results on February 27, 2025 [1] - The earnings press release and 10-K filing were made available before market opening on the same day [3] Company Overview - Key participants in the conference included executives such as Bill Cobb (CEO), Jessica Ross (SVP & CFO), and other senior leaders [1] - The Investor Day presentation included forward-looking statements that are subject to various risks and uncertainties [3][4] Financial Performance - The company provided insights into its financial results for Q4 and the full year of 2024 during the presentation [3] - Detailed financial data and performance metrics were likely discussed, although specific figures were not included in the provided text [3]