Frontdoor Q1 revenue $378M (+3%), net income $34M, raises FY2024 EBITDA guidance

Frontdoor, Inc.

2024-Q1 EPS reported $0.43 revenue$378,000,000

Q1 diluted EPS $0.43 vs $0.27 YoY; adjusted diluted EPS $0.44 vs $0.29.
Gross profit margin expanded 510 bps to 51%; adjusted EBITDA rose 33% to $71M.
FY2024 adjusted EBITDA guidance raised to $360-370M; gross profit margin ~50%.
Renewal revenue up 7% on price; real estate and DTC channels declined 17% and 19%.
Repurchased $33M of shares in March and April; $400M authorization remains.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Frontdoor, Inc. reported fiscal quarter ended March 31, 2024 results: revenue $378 million, net income $34 million, EPS $0.43 per diluted share. Guidance raised.

Period: fiscal quarter ended March 31, 2024
Revenue: $378 million
Net income: $34 million
EPS: $0.43 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

be expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Frontdoor Announces First-Quarter 2024 Revenue Increased 3% to $378 Million; Gross Profit Margin Expanded 510 bps to 51%; Net Income of $34 Million and Adjusted EBITDA (1) of $71 Million; Raising Full-Year 2024 Gross Profit Margin and Adjusted EBITDA (2)

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Frontdoor, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-051594

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