earnings
confidence high
sentiment positive
materiality 0.75
Frontdoor Q2 revenue up 4% to $542M, net income up 32%, raises FY adjusted EBITDA guidance
Frontdoor, Inc.
2024-Q2 EPS reported
$1.60
revenue$920,000,000
- Q2 revenue $542M (+4% YoY); gross margin 56% (record); diluted EPS $1.18 vs $0.86 YoY.
- Adjusted EBITDA $158M (+31% YoY); raised FY2024 adjusted EBITDA range to $385-395M.
- Board approved new 3-year $650M share repurchase authorization (63% increase).
- Acquisition of 2-10 on track to close in Q4 2024; expects ~$15M transaction costs.
- FY revenue outlook maintained at $1.81-1.84B; gross margin raised to slightly above 51%.