Frontdoor, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2023
November 01, 2023 at 08:05 am EDT
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Frontdoor, Inc. provided earnings guidance for the fourth quarter and full year of 2023. For the quarter, the company expects revenue of $350 million to $360 million.
For the full year, the company raised revenue outlook to $1.765 billion to $1.775 billion, or approximately 6% higher than prior year.
Frontdoor, Inc. is a provider of home warranties in the United States. The Companyâs customizable home warranties help customers protect and maintain their homes, typically their assets, from costly and unplanned breakdowns of essential home systems and appliances. The Company operates under the brands American Home Shield, HSA, OneGuard and Landmark Home Warranty. Its annual service subscribe plan covers the repair or replacement of major components of more than 20 home systems and appliances, including electrical, plumbing, heating, ventilation, and air conditioning (HVAC) systems, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as optional coverages for electronics, pools, spas, and pumps. Its operations also include its Streem, a technology platform that uses augmented reality, computer vision and machine learning to, among other things, help home service professionals more quickly and accurately diagnose breakdowns and complete repairs.
FRONTDOOR, INC. 
