{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-049249","form_type":"8-K","ticker":"FTDR","cik":"0001727263","company_name":"Frontdoor, Inc.","filed_at":"2024-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.279617+00:00","generated_at":"2026-06-05T09:07:42.067646+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Frontdoor FY23 revenue $1.78B, Adj EBITDA record $346M; FY24 outlook calls for $1.81B-$1.84B revenue","bullets":["FY2023 revenue $1.78B (+7% YoY); gross margin 50% (+700 bps); net income record $171M (+141%).","Adjusted EBITDA $346M (record, +62% YoY); free cash flow $170M; repurchased $120M in shares (3.6M shares).","FY2024 guidance: revenue $1.81B-$1.84B; gross margin 48.5%-49.5%; Adj EBITDA $350M-$360M; share repurchases target ~$100M.","Q4 2023: revenue $366M (+8% YoY); Adj EBITDA $45M (+35% YoY); net income $9M (diluted EPS $0.11).","CEO Bill Cobb cites 'exceptional turnaround' with margins at highest in nearly 10 years; expects modest revenue growth in 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-049249","json":"https://secwatch.observer/filing/0001193125-24-049249.json","markdown":"https://secwatch.observer/filing/0001193125-24-049249.md","text":"https://secwatch.observer/filing/0001193125-24-049249.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1727263/000119312524049249/0001193125-24-049249-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1727263/000119312524049249/d724198d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T09:07:42.067646+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":"201dea3074e39ca7db3e36c6a314afa157ac5866","claim":"Frontdoor, Inc. reported its fiscal quarter and year ended December 31, 2023 results: revenue $ 1,780 $ 1,662 7 %, net income 171 71 141 %, EPS 2.12 0.87 144 %. Guidance initiated.","evidence_excerpt":"as shall be expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Frontdoor Announces Full-Year 2023 Revenue Increased 7% to $1.78 Billion; Gross Profit Margin Rebounded 700 bps to 50% in 2023; Record Net Income of $171 Million and Adjusted EBITDA (1) of $346 Million; $120 Million Utilized to","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1727263/000119312524049249/0001193125-24-049249-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"its fiscal quarter and year ended December 31, 2023"},{"label":"Revenue","value":"$ 1,780 $ 1,662 7 %"},{"label":"Net income","value":"171 71 141 %"},{"label":"EPS","value":"2.12 0.87 144 %"},{"label":"Guidance","value":"initiated"},{"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"}