earnings
confidence high
sentiment positive
materiality 0.75
Frontdoor Q3 revenue $540M (+3% YoY), adj. EBITDA $165M (+29%); raises FY guidance
Frontdoor, Inc.
2024-Q3 EPS reported
$2.90
revenue$1,461,000,000
- Net income $100M (+40% YoY); diluted EPS $1.30 (up 47%). Adj. EPS $1.38 (up 46%).
- Gross margin expanded 550 bps to 57% on higher pricing and lower service requests per customer.
- Record 9-month operating cash flow $212M; free cash flow $181M, up 56% YoY.
- Completed $400M share buyback; new 3-year $650M authorization authorized Sept 2024.
- FY2024 guidance raised: revenue ~$1.83B, adj. EBITDA ~$430M (from $390M). 2-10 acquisition on track for Q4.