earnings
confidence high
sentiment positive
materiality 0.75
Frontdoor posts record FY2024 revenue $1.84B (+4%), net income $235M (+37%); guides FY2025 rev $2.0-2.04B
Frontdoor, Inc.
2024-FY EPS reported
$3.01
revenue$1,843,000,000
- Full-year 2024 revenue $1.84B (+4% YoY), gross profit margin 54% (+410 bps), net income $235M (+37%).
- Adjusted diluted EPS $3.35 (+45% YoY); adjusted EBITDA $443M (+28% YoY).
- Completed acquisition of 2-10 Home Buyers Warranty on Dec 19, 2024; issued $1.47B credit facility.
- Repurchased ~4M shares for $160M in 2024; net cash from ops $270M.
- FY2025 outlook: revenue $2.0-2.04B, adjusted EBITDA $450-475M, gross margin 51.5-53%.