Frontdoor, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 02, 2023 at 08:03 am EDT
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Frontdoor, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 523 million compared to USD 487 million a year ago. Net income was USD 70 million compared to USD 33 million a year ago. Basic earnings per share from continuing operations was USD 0.86 compared to USD 0.4 a year ago. Diluted earnings per share from continuing operations was USD 0.85 compared to USD 0.4 a year ago.
For the six months, sales was USD 890 million compared to USD 838 million a year ago. Net income was USD 91 million compared to USD 35 million a year ago. Basic earnings per share from continuing operations was USD 1.12 compared to USD 0.42 a year ago. Diluted earnings per share from continuing operations was USD 1.12 compared to USD 0.42 a year ago.
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. 
