{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-22-276426","form_type":"8-K","ticker":"FTDR","cik":"0001727263","company_name":"Frontdoor, Inc.","filed_at":"2022-11-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.902122+00:00","generated_at":"2026-06-22T09:31:40.071607+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Frontdoor Q3 revenue $484M (+3% YoY); adj EBITDA $79M (-35%); workforce cut 7%; raises FY22 EBITDA guidance to $185-195M","bullets":["Net income $28M (down 63%), GAAP EPS $0.34, adjusted EPS $0.56; includes $14M Streem impairment and $5M restructuring.","Revenue rose 3% to $484M: Renewals +8% to $356M, Real Estate -30% to $51M, DTC +8% to $64M.","Gross margin 43% vs prior 54%; higher contractor costs and parts inflation drove $58M increase in contract claims costs.","Full-year 2022 guidance raised: revenue $1.65-1.66B, adj EBITDA $185-195M; Q4 adj EBITDA guided $4-14M.","Company reduced workforce 7% in September; expects $45M SG&A reduction from original 2022 outlook."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-22-276426","json":"https://secwatch.observer/filing/0001193125-22-276426.json","markdown":"https://secwatch.observer/filing/0001193125-22-276426.md","text":"https://secwatch.observer/filing/0001193125-22-276426.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1727263/000119312522276426/0001193125-22-276426-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1727263/000119312522276426/d410150d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T09:31:40.071607+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"94bcda630bf1d6e9486f44148b5664c4536832ea","claim":"Frontdoor, Inc. reported Three Months Ended September 30, 2022 results: revenue $484 million, net income $28 million, EPS $0.34.","evidence_excerpt":"be expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Frontdoor Announces Third-Quarter 2022 Revenue Increased 3% to $484 Million; Broadened Cost Reduction Initiatives and Reduced Annual SG&A Spend; Improving Execution and Advancing Business Transformation Initiatives; Raising Full-Year 2022 Revenue and","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1727263/000119312522276426/0001193125-22-276426-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Three Months Ended September 30, 2022"},{"label":"Revenue","value":"$484 million"},{"label":"Net income","value":"$28 million"},{"label":"EPS","value":"$0.34"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}