Latest news with #2-10HomeBuyersWarranty
Yahoo
29-05-2025
- Business
- Yahoo
2-10 Home Buyers Warranty Kicks Off National Homeownership Month
Leading new home warranty company continues to enhance the home builder and buyer experience DENVER, May 29, 2025--(BUSINESS WIRE)--2-10 Home Buyers Warranty — a Frontdoor, Inc. (NASDAQ: FTDR) company and a leading administrator of builder warranties — is celebrating June's National Homeownership Month by continuing to support home builders and home buyers with high-quality warranty services that enhance their experience. "National Homeownership Month is a perfect time to highlight how adding 2-10 to the Frontdoor portfolio is a huge win for home builders and home buyers who work with us," said Frontdoor's Chief Revenue Officer Kathy Collins. "Our members can now take advantage of a unique combination — 2-10's 40-plus years of expertise in the new home structural warranty space and Frontdoor's industry-leading suite of home warranties and on-demand services." National Homeownership Month has been an industry-wide celebration since June 2002. In this spirit, 2-10 continues to enhance its New Home Warranty program, post-closing customer-care support and home service plan offerings. "We are laser-focused on supporting our customers," said Libby Snead, VP and General Manager of the 2-10 New Home Team at Frontdoor. "In speaking with builders specifically, the challenge they're facing is how to provide outstanding customer care after the home sale. 2-10 is ready to support them with unmatched expertise." "Moving forward, we anticipate adding more enhancements to our New Home products and services, specifically in terms of warranty administration support," Snead said. For more information about 2-10, please visit About 2-10 Founded and based near Denver, the 2-10 family of companies has products covering over 6 million homes with their complete line of builder warranties and home service plans. Since 1980, 2-10 has been a market leader in helping builders, real estate agents and homeowners protect their businesses and budgets against the unexpected. 2-10 continues to work with thousands of the nation's finest real estate professionals, home builders and service contractors. For more information about 2-10, please visit About Frontdoor, Inc. Frontdoor is the industry leader in home warranties and new home structural warranties, and a leading provider of on-demand home repair and maintenance services. As the parent company of two leading brands — American Home Shield and 2-10 Home Buyers Warranty — totaling more than two million members – we bring over 50 years of experience in the home warranty category, a cultivated national network of independent service contractors, and a reputation for delivering quality service and product innovation. American Home Shield, the leader in home warranties, gives homeowners peace of mind, budget protection and convenience, covering up to 23 home systems and appliances from costly and unexpected breakdowns. 2-10 Home Buyers Warranty is the leader in new home structural warranties, providing home builders with coverage for structural failures. These two brands, together with Frontdoor's cutting-edge on-demand services, provide an unbeatable combination that meets the full suite of homeowner repair and maintenance needs. For more information about Frontdoor, Inc., please visit Forward Looking Statements This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current expectations and beliefs, as well as a number of assumptions concerning future events. These statements are subject to risks, uncertainties, assumptions, and other important factors. Readers are cautioned not to put undue reliance on such forward-looking statements, because actual results may vary materially from those expressed or implied. The reports filed by Frontdoor pursuant to United States securities laws contain discussions of these risks and uncertainties. Frontdoor assumes no obligation to, and expressly disclaims any obligation to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are advised to review Frontdoor's filings with the United States Securities and Exchange Commission (which are available on the SEC's EDGAR database at and via Frontdoor's website at View source version on Contacts Alison Bishop901.701.5198mediacenter@ Tom Collins901.701.5198
Business Wire
29-05-2025
- Business
- Business Wire
2-10 Home Buyers Warranty Kicks Off National Homeownership Month
DENVER--(BUSINESS WIRE)-- 2-10 Home Buyers Warranty — a Frontdoor, Inc. (NASDAQ: FTDR) company and a leading administrator of builder warranties — is celebrating June's National Homeownership Month by continuing to support home builders and home buyers with high-quality warranty services that enhance their experience. 'National Homeownership Month is a perfect time to highlight how adding 2-10 to the Frontdoor portfolio is a huge win for home builders and home buyers who work with us,' said Frontdoor's Chief Revenue Officer Kathy Collins. 'Our members can now take advantage of a unique combination — 2-10's 40-plus years of expertise in the new home structural warranty space and Frontdoor's industry-leading suite of home warranties and on-demand services.' National Homeownership Month has been an industry-wide celebration since June 2002. In this spirit, 2-10 continues to enhance its New Home Warranty program, post-closing customer-care support and home service plan offerings. 'We are laser-focused on supporting our customers,' said Libby Snead, VP and General Manager of the 2-10 New Home Team at Frontdoor. 'In speaking with builders specifically, the challenge they're facing is how to provide outstanding customer care after the home sale. 2-10 is ready to support them with unmatched expertise.' 'Moving forward, we anticipate adding more enhancements to our New Home products and services, specifically in terms of warranty administration support,' Snead said. For more information about 2-10, please visit About 2-10 Founded and based near Denver, the 2-10 family of companies has products covering over 6 million homes with their complete line of builder warranties and home service plans. Since 1980, 2-10 has been a market leader in helping builders, real estate agents and homeowners protect their businesses and budgets against the unexpected. 2-10 continues to work with thousands of the nation's finest real estate professionals, home builders and service contractors. For more information about 2-10, please visit About Frontdoor, Inc. Frontdoor is the industry leader in home warranties and new home structural warranties, and a leading provider of on-demand home repair and maintenance services. As the parent company of two leading brands — American Home Shield and 2-10 Home Buyers Warranty — totaling more than two million members – we bring over 50 years of experience in the home warranty category, a cultivated national network of independent service contractors, and a reputation for delivering quality service and product innovation. American Home Shield, the leader in home warranties, gives homeowners peace of mind, budget protection and convenience, covering up to 23 home systems and appliances from costly and unexpected breakdowns. 2-10 Home Buyers Warranty is the leader in new home structural warranties, providing home builders with coverage for structural failures. These two brands, together with Frontdoor's cutting-edge on-demand services, provide an unbeatable combination that meets the full suite of homeowner repair and maintenance needs. For more information about Frontdoor, Inc., please visit Forward Looking Statements This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current expectations and beliefs, as well as a number of assumptions concerning future events. These statements are subject to risks, uncertainties, assumptions, and other important factors. Readers are cautioned not to put undue reliance on such forward-looking statements, because actual results may vary materially from those expressed or implied. The reports filed by Frontdoor pursuant to United States securities laws contain discussions of these risks and uncertainties. Frontdoor assumes no obligation to, and expressly disclaims any obligation to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are advised to review Frontdoor's filings with the United States Securities and Exchange Commission (which are available on the SEC's EDGAR database at and via Frontdoor's website at ).
Yahoo
15-05-2025
- Business
- Yahoo
FTDR Q1 Earnings Call: Membership Growth and Product Expansion Drive Results, Guidance Raised
Home warranty company Frontdoor (NASDAQ:FTDR) reported revenue ahead of Wall Street's expectations in Q1 CY2025, with sales up 12.7% year on year to $426 million. The company expects next quarter's revenue to be around $602.5 million, close to analysts' estimates. Its non-GAAP profit of $0.64 per share was 70.1% above analysts' consensus estimates. Is now the time to buy FTDR? Find out in our full research report (it's free). Revenue: $426 million vs analyst estimates of $417.2 million (12.7% year-on-year growth, 2.1% beat) Adjusted EPS: $0.64 vs analyst estimates of $0.38 (70.1% beat) Adjusted EBITDA: $100 million vs analyst estimates of $76.22 million (23.5% margin, 31.2% beat) The company slightly lifted its revenue guidance for the full year to $2.04 billion at the midpoint from $2.02 billion EBITDA guidance for the full year is $510 million at the midpoint, above analyst estimates of $458.8 million Operating Margin: 14.1%, in line with the same quarter last year Free Cash Flow Margin: 27.5%, up from 19.3% in the same quarter last year Home Service Plans: 2.1 million, up 140,000 year on year Market Capitalization: $3.98 billion Frontdoor's first quarter results reflected significant momentum in both financial performance and membership growth, driven by the integration of the 2-10 Home Buyers Warranty acquisition and strategic marketing initiatives. Management attributed the quarter's outcome to higher direct-to-consumer (DTC) unit growth, improved member retention, and ongoing expansion of non-warranty revenue streams such as HVAC replacement programs and new partnerships. CEO Bill Cobb highlighted targeted marketing and digital upgrades, stating, "Our actions are working to drive organic unit growth. Demand is up, conversion is up, and as a result, our DTC member count is up." Looking ahead, Frontdoor's leadership raised its full-year revenue and adjusted EBITDA guidance, citing favorable cost controls, sustained member growth, and the scaling of new business lines. CFO Jessica Ross warned that macroeconomic uncertainty and potential tariff impacts have been factored into guidance, but emphasized that the company's proactive margin management and dynamic pricing provide flexibility. Management expects the combination of higher renewal rates, contribution from acquired businesses, and increased marketing spend to support continued growth. Frontdoor's first quarter performance was shaped by robust DTC growth, successful execution in non-warranty offerings, and disciplined cost management despite macroeconomic uncertainty. DTC Channel Growth: Direct-to-consumer membership rose 15% from last year, benefiting from improved marketing effectiveness, targeted digital advertising, and a revised promotional strategy focused on shorter, high-impact campaigns. This approach prioritized member count growth over immediate revenue per unit. 2-10 Integration Progress: The integration of the 2-10 Home Buyers Warranty acquisition continued to support both volume and retention gains. Management credited the addition for a stronger real estate channel and noted that process improvements and expanded service offerings are on track as planned. Retention Initiatives: Retention reached nearly 80%, aided by expanded onboarding engagement, an enhanced calling program to reduce cancellations, and increased use of preferred contractors for service calls. Management also pointed to product differentiation, including mobile app features and video chat with experts, as retention drivers. Non-Warranty Revenue Expansion: New programs such as the HVAC replacement offering and expanded partnerships, including Moen for smart water shutoff valves, contributed to the growing non-warranty revenue base. Management raised expectations for these initiatives as adoption grew and contractor participation increased. Margin Management Amid Inflation: Despite supplier price pressures and tariffs, cost inflation remained flat in the quarter. Improved supply chain management, preferred contractor usage, and dynamic pricing strategies allowed Frontdoor to offset inflation and maintain stable margins. Management's outlook for the remainder of the year centers on sustaining membership growth, expanding non-warranty offerings, and carefully managing cost pressures to deliver improved profitability. Membership Growth Focus: Continued investment in marketing and digital engagement aims to drive further organic DTC growth, with management emphasizing member count as a top strategic priority. Non-Warranty Expansion: The scaling of programs like HVAC replacement and structural warranties is expected to diversify revenue, while new partnerships are projected to add incremental growth. Cost and Tariff Uncertainty: Management cautioned that supplier pricing, tariffs, and macroeconomic volatility remain risks. However, proactive supply chain and pricing strategies are in place to protect margins if inflation accelerates. Mark Hughes (Truist Securities): Asked about tariff impacts and HVAC equipment costs; management responded that inflation was flat in Q1 but is monitoring suppliers closely and has accounted for tariff uncertainty in guidance. Jeffrey Schmitt (William Blair): Inquired about the sustainability of promotional pricing in the DTC channel; CEO Bill Cobb explained the shift to shorter, pulsed promotions and affirmed confidence in sustaining current strategies to prioritize member growth. Sergio Segura (KeyBanc): Questioned the drivers of outperformance and how supplier price increases are being managed; CFO Jessica Ross cited non-warranty revenue strength, favorable claims costs, and supply chain relationships as key factors. Daniel Pfeiffer (JPMorgan): Asked about the confidence behind the raised gross margin outlook and how tariff risk is incorporated; management stated that favorable Q1 performance is flowing through to full-year guidance with built-in caution for possible inflation. Isaac Sellhausen (Oppenheimer): Sought clarity on real estate channel growth despite a slow housing market and on retention rate drivers; management pointed to the 2-10 integration and ongoing retention initiatives, including enhanced member engagement and new digital features. In coming quarters, the StockStory team will be watching (1) whether DTC membership growth continues amid changing promotional tactics and macroeconomic headwinds, (2) the pace of non-warranty revenue expansion through HVAC and new partnerships, and (3) Frontdoor's ability to maintain or improve margins despite potential supplier price increases and tariffs. Progress on integration of acquired businesses and retention initiatives will also be important milestones for tracking execution. Frontdoor currently trades at a forward P/E ratio of 17.7×. At this valuation, is it a buy or sell post earnings? The answer lies in our free research report. 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