NASDAQ:FTDR

Frontdoor, Inc. to Acquire 2-10 Home Buyers Warranty for $585 Million in Cash

Retrieved on: 
Tuesday, June 4, 2024
Residential Building & Real Estate, Construction & Property, Professional Services, Landscape, Interior Design, Building Systems, Architecture, Retail, Insurance, Home Goods, Other Construction & Property, Ropes & Gray, Webcast, EDT, Simpson Thacher & Bartlett, HBW, Chase Bank, Wells Fargo, National Association, BofA Securities, Acceleration, JPMorgan Chase, Acquisition

Frontdoor, Inc. (NASDAQ: FTDR), the nation’s leading provider of home warranties, today announced it has entered into an agreement to acquire 2-10 Home Buyers Warranty (2-10 HBW) in an all cash transaction valued at $585 million.

Key Points: 
  • Frontdoor, Inc. (NASDAQ: FTDR), the nation’s leading provider of home warranties, today announced it has entered into an agreement to acquire 2-10 Home Buyers Warranty (2-10 HBW) in an all cash transaction valued at $585 million.
  • Founded in Denver in 1980, 2-10 HBW is a leading provider of new home structural warranty protection plans.
  • Approximately one in five new homes built in the U.S. are covered by a 2-10 new home structural warranty.
  • Evercore is acting as financial advisor to 2-10 Home Buyers Warranty and Ropes & Gray is acting as legal counsel.

Frontdoor to Present at the William Blair's 44th Annual Growth Stock Conference

Retrieved on: 
Thursday, May 30, 2024
Retail, Apps, Applications, Technology, Other Construction & Property, Home Goods, Residential Building & Real Estate, Construction & Property, Conference, CFO

Frontdoor, Inc. (NASDAQ: FTDR), the nation’s leading provider of home warranties, today announced its CEO and CFO will attend and present at the William Blair's 44th Annual Growth Stock Conference.

Key Points: 
  • Frontdoor, Inc. (NASDAQ: FTDR), the nation’s leading provider of home warranties, today announced its CEO and CFO will attend and present at the William Blair's 44th Annual Growth Stock Conference.
  • Bill Cobb, Chairman and Chief Executive Officer, will also make a presentation on June 5, 2024.
  • A replay will be available on the company’s website at https://investors.frontdoorhome.com for 90 days following the event.

American Home Shield Offers Memorial Day Savings of 25% Off

Retrieved on: 
Friday, May 24, 2024
Residential Building & Real Estate, Construction & Property, Professional Services, Insurance, HVAC, Air conditioning, American Home Shield

American Home Shield , a Frontdoor, Inc. (NASDAQ: FTDR) company and the nation’s leading provider of home warranty plans, is offering 25% off home warranty plans for new members from now through May 28, 2024.

Key Points: 
  • American Home Shield , a Frontdoor, Inc. (NASDAQ: FTDR) company and the nation’s leading provider of home warranty plans, is offering 25% off home warranty plans for new members from now through May 28, 2024.
  • “We know when it comes to the items in your home that you depend on daily, you want to know you’re protected when inevitable breakdowns occur,” said Kathy Collins, Frontdoor’s chief revenue officer.
  • Plans cover the repair and replacement costs when parts of covered systems and appliances break down due to normal wear and tear.
  • For more information about this offer, please visit www.ahs.com , or for coverage details, including fees, limits, and limitations and exclusions, please visit www.ahs.com/contracts .

Frontdoor to Present at the J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference

Retrieved on: 
Thursday, May 16, 2024
Residential Building & Real Estate, Technology, Manufacturing, Construction & Property, Professional Services, Building Systems, HVAC, Apps, Applications, Retail, Insurance, Home Goods, Conference, CFO

Frontdoor, Inc. (NASDAQ: FTDR), the nation’s leading provider of home warranties, today announced its CEO and CFO will attend and present at the J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference.

Key Points: 
  • Frontdoor, Inc. (NASDAQ: FTDR), the nation’s leading provider of home warranties, today announced its CEO and CFO will attend and present at the J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference.
  • Bill Cobb, Chairman and Chief Executive Officer, and Jessica Ross, Chief Financial Officer, will participate in a fireside chat on May 21, 2024.
  • A replay will be available on the company’s website at https://investors.frontdoorhome.com for 30 days following the event.

Frontdoor Offering Big Savings on New Heating & Air Conditioning Systems

Retrieved on: 
Monday, May 6, 2024
HVAC, Apps, Applications, Technology, Residential Building & Real Estate, Manufacturing, Construction & Property, Building Systems, AHS, Air conditioning, Pro, Federation, Environment, AC, Government, American Home Shield

This program provides exclusive pricing on new, name-brand HVAC systems for American Home Shield members and Frontdoor app users.

Key Points: 
  • This program provides exclusive pricing on new, name-brand HVAC systems for American Home Shield members and Frontdoor app users.
  • HVAC system upgrades are offered by Frontdoor Pro and performed by a Frontdoor Pro independent service contractor.
  • **Financing provided by an independent financing company not affiliated with Frontdoor, Inc. or Frontdoor Pro.
  • †Energy savings are blended AHS and Frontdoor markets and were obtained via a third-party cost calculator ( www.seerenergysavings.com ).

Frontdoor Announces First-Quarter 2024 Revenue Increased 3% to $378 Million

Retrieved on: 
Thursday, May 2, 2024
Residential Building & Real Estate, Technology, Manufacturing, Construction & Property, Professional Services, Building Systems, HVAC, Apps, Applications, Retail, Insurance, Home Goods, Public expenditure, FrontDoor, Webcast, Tax, Capital expenditure, Cryptocurrency

Net cash used for financing activities was $21 million for the three months ended March 31, 2024 and was primarily comprised of $13 million (including taxes and fees) to repurchase 0.4 million shares and $4 million of scheduled debt payments.

Key Points: 
  • Net cash used for financing activities was $21 million for the three months ended March 31, 2024 and was primarily comprised of $13 million (including taxes and fees) to repurchase 0.4 million shares and $4 million of scheduled debt payments.
  • Free Cash Flow(1) was $73 million for the three months ended March 31, 2024.
  • Cash as of March 31, 2024 was $378 million and was comprised of $165 million of restricted net assets and $213 million of Unrestricted Cash.
  • Revenue of $530 million to $540 million, a 2% increase over the prior-year period.

Wow! Frontdoor Surpasses Two Million Downloads!

Retrieved on: 
Tuesday, April 30, 2024
Apps, Applications, Technology, Construction & Property, Electronic Commerce, Specialty, Home Goods, Internet, Retail, Residential Building & Real Estate, HVAC, IPhone, Android, Mobile phone

Frontdoor, Inc. (NASDAQ: FTDR) announced today that the Frontdoor app has been downloaded over two million times since it was launched April 11 of last year.

Key Points: 
  • Frontdoor, Inc. (NASDAQ: FTDR) announced today that the Frontdoor app has been downloaded over two million times since it was launched April 11 of last year.
  • “Homeowners clearly see the value and how easy it is to pick up their phone, open the Frontdoor app and video chat with our Experts for their home repair and maintenance needs.”
    Try Frontdoor with one free video chat.
  • The Frontdoor app is available for download on iPhone and Android .
  • $1 promotional code expires 6/30/2024 and can only be used by new Frontdoor Unlimited members.

Gift a Frontdoor Unlimited Membership for $25 and Get Another One for Just $1!

Retrieved on: 
Thursday, April 11, 2024
Home Goods, Residential Building & Real Estate, Retail, Construction & Property, Technology, Apps, Applications, Other Consumer, Women, Men, Electronic Commerce, Other Technology, Specialty, Family, Consumer, Internet, Child, Grandparent, Atmosphere, HVAC, Parent

“Frontdoor Unlimited is the perfect gift for an adult child moving out on their own, parents or grandparents, new parents or single parents, and busy working adults,” said Kathy Collins, Frontdoor’s chief revenue officer.

Key Points: 
  • “Frontdoor Unlimited is the perfect gift for an adult child moving out on their own, parents or grandparents, new parents or single parents, and busy working adults,” said Kathy Collins, Frontdoor’s chief revenue officer.
  • Help with projects big or small: Frontdoor is a one-stop app for help with leaky faucets to air conditioning repairs and so much more.
  • To give the gift of Frontdoor Unlimited, go to www.frontdoor.com/gifting .
  • $1 promotional code expires May 31, 2024, and can only be used by new Frontdoor Unlimited members.

Frontdoor, Inc. to Announce First-Quarter 2024 Results

Retrieved on: 
Monday, April 8, 2024
Residential Building & Real Estate, Technology, Manufacturing, Construction & Property, Professional Services, Building Systems, HVAC, Apps, Applications, Retail, Insurance, Home Goods, Webcast

Frontdoor, Inc. (NASDAQ: FTDR), the nation’s leading provider of home warranty plans, today announced it will release its first-quarter 2024 financial results and hold a conference call on Thursday, May 2, 2024 at 7:30 a.m. Central time (8:30 a.m. Eastern time).

Key Points: 
  • Frontdoor, Inc. (NASDAQ: FTDR), the nation’s leading provider of home warranty plans, today announced it will release its first-quarter 2024 financial results and hold a conference call on Thursday, May 2, 2024 at 7:30 a.m. Central time (8:30 a.m. Eastern time).
  • Participants may join this conference call by dialing 1-833-470-1428 (or international participants, 1-929-526-1599) and entering conference ID 300812.
  • Additionally, the conference call will be available via webcast which will include a slide presentation highlighting the company’s results.
  • To access the replay of this call, please call 1-866-813-9403 and enter conference ID 139025 (international participants: +44-204-525-0658, conference ID 139025).

Frontdoor Announces 2024 National Contractor Award Winners

Retrieved on: 
Thursday, April 4, 2024
Residential Building & Real Estate, Commercial Building & Real Estate, Manufacturing, Construction & Property, Professional Services, Landscape, Building Systems, Architecture, HVAC, Insurance, Other Construction & Property, Lite, AHS, Service, Plaque, American Home, Multimedia, American Home Shield, Prosper, Heat

Frontdoor, Inc. (NASDAQ: FTDR), the nation’s leading provider of home service warranties and parent company of American Home Shield, today announced the winners of the American Home Shield 2024 Pinnacle Award for Service Excellence.

Key Points: 
  • Frontdoor, Inc. (NASDAQ: FTDR), the nation’s leading provider of home service warranties and parent company of American Home Shield, today announced the winners of the American Home Shield 2024 Pinnacle Award for Service Excellence.
  • All are preferred contractors, a designation Frontdoor places on the highest quality contractors.
  • Each recipient received a check for $25,000, an engraved plaque and certificate recognizing their achievement, and a truck magnet.
  • To learn more about becoming a contractor for American Home Shield or Frontdoor, please visit https://www.frontdoor.com/pro/join .