Frontdoor reports Q4 EPS 27c, consensus 11c

Reports Q4 revenue $ $383.00M , consensus $367.91M. “2024 was truly an exceptional year for Frontdoor (FTDR) as we delivered record financial results, our operations performed better than ever and we completed the acquisition of 2-10,” said Chairman and Chief Executive Officer Bill Cobb. “This year, we are taking decisive actions to drive long-term growth in home warranty membership, expanding non-warranty services and optimizing the 2-10 integration. These actions will further differentiate us and create long-term shareholder value.” “I am extremely pleased with our record 2024 financial performance, which was driven by higher realized price, lower incidence rates and continued process improvement initiatives,” said Chief Financial Officer Jessica Ross. “Looking ahead, our outlook is strong and reflects the addition of 2-10, normal price increases and mid-single digit cost inflation. Our margins remain well above historical averages and we remain committed to deploying capital to repurchase shares.”