Frontdoor, Inc. announces an Equity Buyback for $400 million worth of its shares.
September 07, 2021 at 08:37 am EDT
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Frontdoor, Inc. (NasdaqGS:FTDR) ) announces a share repurchase program. Under the program, the company will repurchase up to $400 million worth of common stock. The program will be funded using cash on hand and cash generated from operations. The program is valid till September 3, 2024.
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. 
