secwatch.observer — SEC 8-K summary
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Issuer:     Frontdoor, Inc. (FTDR)
CIK:        0001727263
Form:       8-K
Filed at:   2022-02-24T23:59:59+00:00
Accession:  0001193125-22-052076
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Frontdoor full-year 2021 revenue +9% to $1.602B; FY2022 EBITDA guidance below 2021
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1727263/000119312522052076/0001193125-22-052076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1727263/000119312522052076/d285561d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-052076

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