FrontDoor

Frontdoor Announces Full-Year 2022 Revenue Increased 4% to $1.66 Billion

Retrieved on: 
Wednesday, March 1, 2023

Free Cash Flow was $102 million for the 12 months ended December 31, 2022.

Key Points: 
  • Free Cash Flow was $102 million for the 12 months ended December 31, 2022.
  • Cash as of December 31, 2022 was $292 million and was comprised of $145 million of restricted net assets and $147 million of Unrestricted Cash.
  • Revenue of $1.70 billion to $1.74 billion, or approximately 4% higher than the prior year.
  • Some of the key revenue assumptions include:
    Approximately 10% revenue growth in the renewals channel.

Frontdoor Streem Technology Reimagines the Future of Home Services While Helping the Environment

Retrieved on: 
Thursday, February 23, 2023

“Streem has also helped us reimagine how home service plans can work better to appeal to and serve more consumers.

Key Points: 
  • “Streem has also helped us reimagine how home service plans can work better to appeal to and serve more consumers.
  • Streem technology leverages augmented reality, video collaboration tools with robust data capture and storage to facilitate remote service calls and reduce the need for in-home visits.
  • With over two dozen patents approved or pending and more on the way, Streem is a proven technology with wide application.
  • Frontdoor will discuss how it is further integrating Streem technology into upcoming service launches during its Investor Day on March 2, 2023.

Frontdoor Releases its 2022 Corporate Sustainability Report

Retrieved on: 
Tuesday, January 10, 2023

Frontdoor, Inc. (NASDAQ: FTDR), the nation’s leading provider of home service plans, published its 2022 corporate sustainability report.

Key Points: 
  • Frontdoor, Inc. (NASDAQ: FTDR), the nation’s leading provider of home service plans, published its 2022 corporate sustainability report.
  • The report details the company’s sustainability efforts and ongoing commitment to strengthen its environmental, social and governance (ESG) initiatives as a service provider and global corporate citizen.
  • “We take our role in helping protect the well-being of our employees and the communities we serve very seriously,” said Bill Cobb, Chairman and CEO of Frontdoor.
  • The report incorporates disclosures under both the Sustainability Accounting Standards Board (SASB) and Task Force for Climate-related Financial Disclosure (TCFD) frameworks.

Frontdoor Appoints Kerri Jones as Chief People Officer

Retrieved on: 
Thursday, January 5, 2023

Frontdoor, Inc. (NASDAQ: FTDR), the nation’s leading provider of home service plans, announced that it has appointed Kerri Jones as Senior Vice President and Chief People Officer, effective December 31, 2022.

Key Points: 
  • Frontdoor, Inc. (NASDAQ: FTDR), the nation’s leading provider of home service plans, announced that it has appointed Kerri Jones as Senior Vice President and Chief People Officer, effective December 31, 2022.
  • View the full release here: https://www.businesswire.com/news/home/20230103005095/en/
    “Kerri Jones is a highly accomplished HR and operations executive.
  • She has a proven track record of leading teams through change that drives improved planning and execution,” said Bill Cobb, Frontdoor Chairman and CEO.
  • “I was attracted to Frontdoor because of its leadership, culture and the opportunity to help drive transformational change,” Jones said.

Frontdoor Names Jessica Ross as New CFO

Retrieved on: 
Monday, December 5, 2022

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20221205005194/en/
    Frontdoor names Jessica Ross as new CFO (Photo: Business Wire)
    We thank Brian for his dedicated service over the past 10 years with Frontdoor and our former parent, ServiceMaster.
  • We are thrilled to have Jessica joining the Frontdoor team at a pivotal moment in our transformation, said Bill Cobb, Frontdoor Chairman and CEO.
  • I am incredibly inspired by Frontdoors vision for the future of home services, Ross said.
  • Ross brings over two decades of cross-industry finance and digital transformation experience scaling companies across multiple stages of growth.

American Home Shield Offering $150 Off Annual Plan

Retrieved on: 
Tuesday, November 22, 2022

From November 25 28, 2022, new members can receive $150 off any annual home service warranty plan.

Key Points: 
  • From November 25 28, 2022, new members can receive $150 off any annual home service warranty plan.
  • American Home Shield products are consistently rated as among the best home service plans and provide homeowners with tremendous value and protection against unexpected hits to their budget.
  • American Home Shield offers home service plans to fit any budget.
  • Offer not valid in conjunction with a real estate transaction, or to active American Home Shield members.

More Than $4 Billion in Claims Paid Out to American Home Shield Members

Retrieved on: 
Wednesday, November 16, 2022

While this is a huge number, it also underscores our deep commitment to honoring our members covered claims, said Raj Midha, senior vice president and general manager for American Home Shield .

Key Points: 
  • While this is a huge number, it also underscores our deep commitment to honoring our members covered claims, said Raj Midha, senior vice president and general manager for American Home Shield .
  • An article in MarketWatch said American Home Shield earned its spot as our top choice due to its extensive coverage options and excellent customer service.
  • We awarded American Home Shield 4.6 out of 5 stars in our rating system the highest rating of the home warranty companies we researched and compared.
  • For more information about how American Home Shield can help protect your wallet from unplanned home expenses, please visit www.ahs.com .

Frontdoor, Inc. to Announce Third-Quarter 2022 Results

Retrieved on: 
Monday, September 26, 2022

Frontdoor, Inc. (NASDAQ: FTDR), the nations leading provider of home service plans, today announced it will release its third-quarter 2022 financial results and hold a conference call on Thursday, November 3, 2022 at 7:30 a.m. Central time (8:30 a.m. Eastern time).

Key Points: 
  • Frontdoor, Inc. (NASDAQ: FTDR), the nations leading provider of home service plans, today announced it will release its third-quarter 2022 financial results and hold a conference call on Thursday, November 3, 2022 at 7:30 a.m. Central time (8:30 a.m. Eastern time).
  • Participants may join this conference call by dialing 1-844-200-6205 (or international participants, 1-929-526-1599) and entering conference ID 780482.
  • Additionally, the conference call will be available via webcast which will include a slide presentation highlighting the companys results.
  • Readers are cautioned not to put undue reliance on such forward-looking statements because actual results may vary materially from those expressed or implied.

Frontdoor, Inc. to Announce Second-Quarter 2022 Results

Retrieved on: 
Thursday, July 7, 2022

Frontdoor, Inc. (NASDAQ: FTDR), the nations leading provider of home service plans, today announced it will release its second-quarter 2022 financial results and hold a conference call on Thursday, August 4, 2022 at 7:30 a.m. Central time (8:30 a.m. Eastern time).

Key Points: 
  • Frontdoor, Inc. (NASDAQ: FTDR), the nations leading provider of home service plans, today announced it will release its second-quarter 2022 financial results and hold a conference call on Thursday, August 4, 2022 at 7:30 a.m. Central time (8:30 a.m. Eastern time).
  • Participants may join this conference call by dialing 1-844-200-6205 (or international participants, 1-929-526-1599) and entering conference ID 108939.
  • Additionally, the conference call will be available via webcast which will include a slide presentation highlighting the companys results.
  • Readers are cautioned not to put undue reliance on such forward-looking statements because actual results may vary materially from those expressed or implied.

Frontdoor Extends Support for the National SkillsUSA Leadership and Skills Conference

Retrieved on: 
Monday, June 27, 2022

Frontdoor, Inc. (NASDAQ: FTDR), the nations leading provider of home service plans, attended the SkillsUSA annual National Leadership & Skills Conference as part of its ongoing effort to empower the next generation of skilled tradespeople and fuel a pipeline of talent.

Key Points: 
  • Frontdoor, Inc. (NASDAQ: FTDR), the nations leading provider of home service plans, attended the SkillsUSA annual National Leadership & Skills Conference as part of its ongoing effort to empower the next generation of skilled tradespeople and fuel a pipeline of talent.
  • Partnering with SkillsUSA is one of the many strategies Frontdoor is actively engaged in to help attract talent and close the growing labor gap.
  • To learn more about how Frontdoor and American Home Shield are fueling the next generation of skilled tradespeople, visit www.AHS.com/skilledtrades .
  • Frontdoor serves 2.2 million customers across the U.S. through a network of approximately 17,000 pre-qualified contractor firms that employ an estimated 60,000 technicians.