Tranche Update on Frontdoor, Inc.'s Equity Buyback Plan announced on September 7, 2021.
August 02, 2023 at 08:03 am EDT
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From April 1, 2023 to June 30, 2023, the company has repurchased 1,073,859 shares, representing 1.31% for $33.75 million. With this, the company has completed the repurchase of 5,552,053 shares, representing 6.63% for $195.25 million under the buyback announced on September 7, 2021.
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. 
