secwatch.observer — SEC 8-K summary
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Issuer:     Frontdoor, Inc. (FTDR)
CIK:        0001727263
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0000950170-24-051594
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1727263/000095017024051594/0000950170-24-051594-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1727263/000095017024051594/ftdr-20240502.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-051594

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer