secwatch.observer — SEC 8-K summary
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Issuer:     Frontdoor, Inc. (FTDR)
CIK:        0001727263
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0000950170-24-120284
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Frontdoor Q3 revenue $540M (+3% YoY), adj. EBITDA $165M (+29%); raises FY guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1727263/000095017024120284/0000950170-24-120284-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1727263/000095017024120284/ftdr-20241104.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-120284

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