secwatch.observer — SEC 8-K summary
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Issuer:     Frontdoor, Inc. (FTDR)
CIK:        0001727263
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0001193125-22-211853
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Frontdoor Q2 revenue up 5% to $487M but adj. EBITDA down 32%; cuts full-year outlook on inflation
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- Q2 adjusted diluted EPS $0.53 vs $0.76 YoY; net income $33M vs $40M.
- Gross margin fell to 43% from 52% as cost per service request rose ~23% YoY.
- Real estate channel revenue declined 26% YoY due to low home inventory.
- FY2022 adj. EBITDA guidance cut to $170-190M from prior; revenue range $1.63-1.65B.
- Completed $19M in share repurchases during Q2; $59M in H1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1727263/000119312522211853/0001193125-22-211853-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1727263/000119312522211853/d395732d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-211853

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