secwatch.observer — SEC 8-K summary
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Issuer:     Frontdoor, Inc. (FTDR)
CIK:        0001727263
Form:       8-K
Filed at:   2021-08-04T23:59:59+00:00
Accession:  0001193125-21-236275
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Frontdoor Q2 2021 revenue $462M (+11% YoY); net income falls 17% on $30M debt extinguishment
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- Revenue $462M (+11% YoY); renewal revenue +9%, direct-to-consumer +12%, real estate +4%.
- Net income $40M ($0.47 diluted EPS) vs $49M ($0.57) prior year; includes $30M debt extinguishment cost.
- Adjusted EBITDA $114M (+14% YoY); driven by lower service request volume and cost management.
- Full-year 2021 guidance: revenue $1.60-$1.62B, adjusted EBITDA $280-$300M, gross margin 48-49%.
- Debt refinancing reduced gross debt ~$350M; expects ~$30M annual interest savings vs 2020.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1727263/000119312521236275/0001193125-21-236275-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1727263/000119312521236275/d60785d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-236275

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