Frontdoor(FTDR) - 2023 Q4 - Annual Results

Exhibit 99.1 Frontdoor Announces Full-Year 2023 Revenue Increased 7% to $1.78 Billion; Gross Profit Margin Rebounded 700 bps to 50% in 2023; Record Net Income of$ 171 Million and Adjusted EBITDA(1) of $346 Million;$ 120 Million Utilized to Repurchase 3.6 Million Shares; Targeting Higher Revenue and Adjusted EBITDA(1) in 2024 MEMPHIS, TENN. — February 28, 2024 — Frontdoor, Inc. (NASDAQ: FTDR), the nation's leading provider of home warranties, today announced fourth-quarter and full-year 2023 results. | Finan ...