Frontdoor, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023 at 08:05 am EDT
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Frontdoor, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 524 million compared to USD 484 million a year ago. Net income was USD 71 million compared to USD 28 million a year ago. Basic earnings per share from continuing operations was USD 0.89 compared to USD 0.34 a year ago. Diluted earnings per share from continuing operations was USD 0.89 compared to USD 0.34 a year ago.
For the nine months, sales was USD 1,414 million compared to USD 1,322 million a year ago. Net income was USD 163 million compared to USD 63 million a year ago. Basic earnings per share from continuing operations was USD 2.01 compared to USD 0.77 a year ago. Diluted earnings per share from continuing operations was USD 2 compared to USD 0.77 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. 
