earnings
confidence high
sentiment positive
materiality 0.75
Frontdoor Q3 revenue $471M (+7% YoY); net income $76M; adjusted EBITDA $122M; launches $400M buyback
Frontdoor, Inc.
2021-Q3 EPS reported
$1.42
revenue$1,263,000,000
- Revenue $471M (+7% YoY); gross margin 54%, highest in over 15 years; net income $76M, diluted EPS $0.89.
- Adjusted EBITDA $122M (+34% YoY); adjusted diluted EPS $0.91 (+55% YoY).
- Launched 3-year, $400M share repurchase program; repurchased $25M in September 2021.
- Full-year 2021 outlook: revenue $1.59-1.60B, gross margin ~50%, adjusted EBITDA $310-315M.
- Q4 2021 outlook: revenue $330-340M, adjusted EBITDA $40-45M.