secwatch.observer — SEC 8-K summary
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Issuer:     Frontdoor, Inc. (FTDR)
CIK:        0001727263
Form:       8-K
Filed at:   2021-10-28T23:59:59+00:00
Accession:  0001193125-21-311279
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Frontdoor Q3 revenue $471M (+7% YoY); net income $76M; adjusted EBITDA $122M; launches $400M buyback
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1727263/000119312521311279/0001193125-21-311279-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1727263/000119312521311279/d289575d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-311279

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