Frontdoor Empowers Next Gen Contractors

Rhea-AI Summary

Frontdoor, Inc. (NASDAQ: FTDR) has strengthened its commitment to the skilled trade industry by awarding scholarships to students at Moore Tech College of Technology and Erwin Technical College. This initiative aims to empower future contractors and technicians, providing financial aid and networking opportunities through Frontdoor’s contractor network. Over 24 students have received support, reflecting Frontdoor's mission to enhance job creation and community strength. The company emphasizes that skilled trades offer lucrative careers, fostering a pipeline of talent essential for its operations.

Positive

• Awarding scholarships to over 24 students supports the skilled trade industry.
• Provides networking opportunities through Frontdoor's contractor network.
• Strengthens Frontdoor's commitment to job creation and community development.

Negative

• None.

The company reinforces its commitment to strengthen the skilled trade industry by awarding student scholarships

MEMPHIS, Tenn.--(BUSINESS WIRE)-- Frontdoor, Inc. (NASDAQ: FTDR), the nation’s leading provider of home service plans, today reinforced its commitment to strengthen the Skilled Trade industry by awarding scholarships to students pursuing a career in the field in partnership with Moore Tech College of Technology in Memphis and Erwin Technical College in Tampa.

These scholarships are one component of Frontdoor’s efforts to highlight career opportunities in skilled trade fields and empower the next generation of contractors, plumbers, electricians, and more. This commitment furthers Frontdoor’s mission to create jobs and build stronger communities, while supporting an industry that is essential to Frontdoor’s operations.

The company has provided more than two dozen students with financial aid and valuable training and skills to help them open the door to a respected and rewarding career path. In addition to tuition funding, program recipients will have special access to networking through Frontdoor’s extensive qualified contractor network.

“Highly skilled trade and technical workers are the lifeblood of our contractor network, and this new program demonstrates our commitment to supporting new opportunities for students who are interested in pursuing trade careers,” said Dave Quandt, vice president of field operations.

The company’s ability to enhance homeowners’ lives and help them protect and maintain their homes depends on growing the talent pipeline and creating and maintaining strong partnerships with experts in the trades.

Quandt notes that Frontdoor’s commitment extends far beyond these scholarships. He says the company is committed to reinforcing the narrative that these career paths are a stable and lucrative career path.

“Many of these jobs are highly technical in nature, can provide a very comfortable living and open a pathway to entrepreneurship,” Quandt added. “Today’s trade schools provide the technical skills people need to succeed, as well as the financial and management skills to help run their own business someday.”

Frontdoor is committed to working with its network of more than 17,500 contractors, as well as trade groups and trade schools, to encourage more people to begin a career in this indispensable and in-demand industry.

About Frontdoor

Frontdoor is a company that’s obsessed with taking the hassle out of owning a home. With services powered by people and enabled by technology, it is the parent company of four home service plan brands: American Home Shield, HSA, Landmark and OneGuard, as well as ProConnect, an on-demand membership service for home repairs and maintenance, and Streem, a technology company that enables businesses to serve customers through an enhanced augmented reality, computer vision and machine learning platform. Frontdoor serves 2.2 million customers across the U.S. through a network of approximately 17,500 pre-qualified contractor firms that employ an estimated 62,000 technicians. The company’s customizable home service plans help customers protect and maintain their homes from costly and unexpected breakdowns of essential home systems and appliances. With 50 years of home services experience, the company responds to over four million service requests annually. For details, visit frontdoorhome.com.

Forward Looking Statements

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current expectations and beliefs, as well as a number of assumptions concerning future events. These statements are subject to risks, uncertainties, assumptions and other important factors. Readers are cautioned not to put undue reliance on such forward-looking statements because actual results may vary materially from those expressed or implied. The reports filed by Frontdoor pursuant to United States securities laws contain discussions of these risks and uncertainties. Frontdoor assumes no obligation to, and expressly disclaims any obligation to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are advised to review Frontdoor's filings with the United States Securities and Exchange Commission (which are available on the SEC's EDGAR database at www.sec.gov and via Frontdoor’s website at investors.frontdoorhome.com).

FTDR-Company

View source version on businesswire.com: https://www.businesswire.com/news/home/20211004005957/en/

Investor Relations

Matt Davis

901-701-5199

IR@frontdoorhome.com



Media

Alison Bishop

901-701-5198

MediaCenter@frontdoorhome.com

Source: Frontdoor, Inc.

FAQ

What scholarships has Frontdoor, Inc. (FTDR) recently awarded?

Frontdoor, Inc. has awarded scholarships to students at Moore Tech College of Technology and Erwin Technical College to support careers in the skilled trades.

How many students did Frontdoor, Inc. (FTDR) award scholarships to?

Over 24 students received scholarships from Frontdoor, Inc.

What is Frontdoor's commitment to the skilled trade industry?

Frontdoor is committed to strengthening the skilled trade industry by providing scholarships and emphasizing job opportunities in this field.

Where are the colleges that Frontdoor, Inc. (FTDR) partnered with for scholarships?

Frontdoor partnered with Moore Tech College of Technology in Memphis and Erwin Technical College in Tampa for its scholarship program.