财务数据和关键指标变化 - 第一季度收入增长3%至3.78亿美元 [8] - 毛利润增长14%至1.95亿美元,毛利率提升510个基点至51% [22] - 净收入增长56%至3400万美元,调整后EBITDA增长33%至7100万美元,均创下第一季度历史新高 [21][22] 各条业务线数据和关键指标变化 - 续保渠道收入中单位数增长中个位数,占比提升 [13] - 房地产渠道收入下降约50%,占比大幅下降 [9][10] - 直销渠道收入下降约8%,占比有所下降 [11][12] - 新HVAC销售项目2023年贡献收入超5000万美元 [14] 各个市场数据和关键指标变化 - 公司主要在阳光地带和微笑之州市场占有较高份额,未来将着力拓展北方市场 [71] 公司战略和发展方向及行业竞争 - 公司正在进行美国家庭保护品牌的全面重塑,包括推出新广告宣传、新标识、新代言人等,以突破行业同质化 [16][17][18] - 公司正在拓展基于Frontdoor应用的增值服务,如远程视频咨询、维修保养等,以构建更全面的生态系统 [15] - 公司认为行业整体需求受到宏观环境影响而下滑,但作为行业领导者有责任扭转行业增长轨迹 [11][12][19] 管理层对经营环境和未来前景的评论 - 管理层认为房地产市场环境仍然较为疲软,但相信终将会好转 [9][10] - 管理层对公司重塑品牌和拓展新业务的举措表示乐观,预计将在未来一年内逐步显现成效 [19] - 管理层表示公司财务状况和现金流表现出色,有信心继续投资于增长和回购股票 [29][30] 问答环节重要的提问和回答 问题1 **Jeff Schmitt 提问** 考虑到公司毛利率较高,是否可以通过降价来刺激需求增长 [39][40] **William Cobb 回答** 公司正在采取折扣优惠和品牌重塑等措施来提振直销渠道需求,预计随着这些措施的逐步见效,直销渠道将在未来几个季度逐步好转 [40][41] 问题2 **Cory Carpente 提问** Frontdoor应用下载量近200万,是否主要来自有机需求,公司在转化优化方面有何进展 [45][46] **William Cobb 回答** Frontdoor应用作为公司提供综合家居服务的入口,公司正在不断完善功能和体验,以提高用户粘性和转化率,而非单纯追求下载量 [46] 问题3 **Ian Zaffino 提问** 公司是否考虑通过调整价格来刺激直销渠道需求增长,同时请分析一下各类成本要素的涨幅情况 [50][51] **William Cobb 回答** 公司正在采取折扣优惠和品牌重塑等综合措施来提振直销渠道,而不仅仅依赖于价格调整 [50] **Jessica Ross 回答** 公司整体的通胀压力已有所缓解,从原材料、人工到监管等各方面都在逐步好转 [51]

业绩总结 - 公司2024年第一季度营收为3.78亿美元，同比增长3%[25] - 毛利率扩大至51%，增长510个基点[10] - 调整后的EBITDA增长33%，达到7,100万美元[10] - 2024年第一季度净利润增长56%[16] - 2024年第一季度自由现金流为7300万美元[20] 用户数据 - 美国家庭保障市场潜力巨大，超过130万家庭[13] - 美国家庭保障市场增长潜力高达4%以上[13] 新产品和新技术研发 - 房地产销售表现不佳，库存紧张，市场偏向卖方[12] 市场扩张和并购 - 2024年第一季度，公司营收为3.78亿美元，同比增长3%[25] - 毛利润为1.95亿美元，占营收的51.5%[25] - 调整后的EBITDA为7.1亿美元，较去年同期增长18%[26] - 自由现金流为7.3亿美元，较去年同期增长40%[28] - 公司净债务为3.83亿美元，净债务与调整后的EBITDA比率为1.05[29]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________________________ FORM 10-Q ________________________________________________ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 o r TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38617 ______________________________________ ...

For the quarter ended March 2024, Frontdoor (FTDR) reported revenue of $378 million, up 3% over the same period last year. EPS came in at $0.43, compared to $0.29 in the year-ago quarter. The reported revenue represents a surprise of +0.44% over the Zacks Consensus Estimate of $376.36 million. With the consensus EPS estimate being $0.20, the EPS surprise was +115.00%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expec ...

Frontdoor (FTDR) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.29 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 115%. A quarter ago, it was expected that this home services provider would post earnings of $0.02 per share when it actually produced earnings of $0.20, delivering a surprise of 900%. Over the last four quarters, the ...

Exhibit 99.1 Frontdoor Announces First-Quarter 2024 Revenue Increased 3% to $378 Million; Gross Profit Margin Expanded 510 bps to 51%; Net Income of $34 Million and Adjusted EBITDA(1) of $71 Million; Raising Full-Year 2024 Gross Profit Margin and Adjusted EBITDA(2) Outlook; Relaunched the American Home Shield Brand in April MEMPHIS, TENN. — May 2, 2024 — Frontdoor, Inc. (NASDAQ: FTDR), the nation’s leading provider of home warranties, today announced its first-quarter 2024 results. Financial Results Three M ...

The Zacks Construction sector has been seeing a positive earnings picture this time around. The sector has witnessed improved demand trends across the markets despite adverse weather conditions in early 2024. Per the latest Earnings Trends report, the first-quarter earnings season has seen releases from approximately 53.8% of the total construction companies on the S&P 500 Index, capturing a total market cap of 57.6%. Of them, total earnings are up 15.1% from the year-ago period on 7.9% higher revenues, wit ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Frontdoor (FTDR) , which belongs to the Zacks Building Products - Miscellaneous industry. When looking at the last two reports, this home services provider has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 487.04%, on average, in the last two quarters. For the last reported quarter, Frontdoor came out with earn ...

Frontdoor (FTDR) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Since a chan ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics ...