secwatch.observer — SEC 8-K summary
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Issuer:     Frontdoor, Inc. (FTDR)
CIK:        0001727263
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001193125-23-267754
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Frontdoor Q3 revenue up 8% to $524M; net income more than doubles; raises FY outlook
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- Net income $71M ($0.89 diluted EPS) vs $28M ($0.34) YoY; adjusted EPS $0.94.
- Gross profit margin expanded 760 bps to 51% on higher price and cost improvements.
- Adjusted EBITDA rose 61% to $128M; raised full-year adjusted EBITDA outlook to $320M-$330M.
- Renewal revenue up 14% to $406M; real estate and direct-to-consumer declined 23% and 16%.
- Raising FY 2023 share repurchase target to ~$125M; Q4 EBITDA guidance $20M-$30M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1727263/000119312523267754/0001193125-23-267754-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1727263/000119312523267754/d558490d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-267754

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