earnings
confidence high
sentiment neutral
materiality 0.70
Frontdoor full-year 2021 revenue +9% to $1.602B; FY2022 EBITDA guidance below 2021
Frontdoor, Inc.
2021-FY EPS reported
$1.50
revenue$1,602,000,000
- Full-year net income $128M, +14% YoY; diluted EPS $1.50 vs $1.31.
- FY2021 adjusted EBITDA $300M, +11%; FY2022 guidance $265M-$295M, implying decline.
- Repaid ~$350M of debt and repurchased $103M of stock in 2021.
- FY2022 revenue guidance $1.70B-$1.73B, +6-8%; gross margin 46.5%-47.5% vs 49% in 2021.
- Q4 revenue $340M, +5%; net income $7M; adjusted EBITDA $28M, down from $32M.