Welcome to our dedicated page for Frontdoor news (Ticker: FTDR), a resource for investors and traders seeking the latest updates and insights on Frontdoor stock.
Frontdoor, Inc. (symbol: FTDR) is a forward-thinking company dedicated to simplifying home ownership. With over 50 years of unparalleled expertise as the nation's largest provider of home service plans, Frontdoor is transforming the home services industry. The company’s mission is to take the hassle out of home repairs and maintenance, offering peace of mind to homeowners across the United States.
Frontdoor owns several well-known home service brands, including American Home Shield, HSA, OneGuard, and Landmark. These brands provide comprehensive home service plans that help customers protect their homes from unexpected and costly breakdowns of essential systems and appliances. In the past year alone, Frontdoor responded to more than four million service requests, showcasing their reliability and commitment to customer satisfaction.
The company prides itself on a dynamic culture and innovative approach. With a leadership team experienced in disrupting industries and enhancing customer experiences, Frontdoor is continuously looking for new ways to improve their services. They leverage leading digital platforms to ensure a seamless and world-class customer experience.
Frontdoor's recent achievements include expanding its digital capabilities and strengthening its service network. Their innovative solutions and dedication to excellence have positioned them as a trusted partner for homeowners nationwide.
- Core Business: Providing home service plans to maintain and protect home systems and appliances.
- Recent Achievements: Digital platform enhancements and service network expansion.
- Partnerships: Collaboration with top service providers to ensure quality repairs and maintenance.
- Financial Condition: Robust financial performance driven by a growing customer base and operational efficiencies.
Frontdoor, Inc. (NASDAQ: FTDR) announced significant advancements in customer service through its Streem® technology, which has led to a 70% reduction in truck rolls reported by contractors. This innovative technology enables remote service calls using augmented reality and video collaboration, improving diagnosis speed and accuracy while minimizing environmental impact. CEO Bill Cobb emphasized that Streem will play a crucial role in their upcoming service offerings. Frontdoor, serving 2.2 million customers via 17,000 contractors, plans to present further integrations of Streem technology on Investor Day, March 2, 2023.
Frontdoor (NASDAQ: FTDR) will unveil its fourth-quarter and full-year 2022 financial results after market close on March 1, 2023. The following day, March 2, 2023, company leadership will discuss the results and future strategies during Investor Day in New York at 9:00 a.m. ET. A live webcast will be accessible for the public at the investor relations home page. Frontdoor is a leading provider of home service plans in the U.S., serving 2.2 million customers with a network of approximately 17,000 contractors.
Frontdoor, Inc. (NASDAQ: FTDR) has announced a limited-time offer from January 25-27, 2023, providing new members with a $150 discount on any annual home service warranty plan. According to CMO Kathy Collins, this promotion aims to enhance value and budget protection for homeowners. The service plans cover repair and replacement costs of home systems and appliances due to normal wear and tear, complementing homeowner's insurance. The offer requires the use of promotion code COZY150 and is exclusive to new members, with restrictions on certain locations and properties.
Frontdoor, Inc. (NASDAQ: FTDR) has appointed Kerri Jones as Senior Vice President and Chief People Officer, effective December 31, 2022. Jones is recognized for her extensive HR and operations experience, which is expected to significantly contribute to the company's transformation strategy. Previously, she managed a $1.7 billion acquisition at Waddell & Reed, demonstrating her ability to lead complex projects. Jones's focus will be on acquiring talent that aligns with Frontdoor's strategic vision for change.
Frontdoor, Inc. (NASDAQ: FTDR) announces a special promotional offer for new members of American Home Shield, providing $150 off any annual home service warranty plan from
Frontdoor, Inc. (NASDAQ: FTDR) has appointed Jessica P. Ross as Senior Vice President and Chief Financial Officer, effective December 30, 2022, succeeding Brian Turcotte, who will continue as an advisor until March 31, 2023. Ross brings over 20 years of experience from Salesforce, where she held executive finance roles. Her previous experience includes leadership at Stitch Fix during its IPO. Frontdoor aims for growth in the home services sector, serving 2.2 million customers and operating through 17,000 contractor firms.
Frontdoor, Inc. (NASDAQ: FTDR) has announced a special Black Friday and Cyber Monday offer for new members, providing $150 off any annual home service warranty plan from November 25 to 28, 2022. This promotion highlights the company's leading position in the home service market, aiming to attract new customers during the holiday shopping season. The plans offered, including ShieldSilver, ShieldGold, and ShieldPlatinum, cater to various budgets and help cover repair costs for home systems and appliances. The offer is exclusive to new members and cannot be combined with other promotions.
Frontdoor, Inc. (NASDAQ: FTDR) reported that its flagship brand, American Home Shield, has paid over $4 billion in member claims from
Frontdoor, Inc. (NASDAQ: FTDR) reported a 3% increase in Q3 2022 revenue to $484 million, driven by pricing and customer mix changes, despite a 3% decline in volume. However, gross profit fell by 17% to $210 million due to inflation-related costs, impacting net income, which dropped 63% to $28 million. The company has implemented cost-cutting measures, including a 7% workforce reduction, in response to economic challenges. Full-year revenue guidance is raised to $1.65-$1.66 billion, with adjusted EBITDA projected at $185-$195 million. The company anticipates a decline in real estate channel revenue.
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