Quarterly ResultApr 30, 2026, 04:19 PM
FTDR Q1 Revenue +5.9% to $451M; Net Income +10.8% to $41M
AI Summary
Frontdoor, Inc. reported a strong first quarter with revenue increasing by 5.9% to $451 million and net income rising 10.8% to $41 million. Diluted EPS grew 16.3% to $0.57. The company continued its share repurchase program, buying back $61 million in common stock during the quarter.
Key Highlights
- Revenue increased 5.9% to $451 million from $426 million year-over-year.
- Net income rose 10.8% to $41 million from $37 million year-over-year.
- Diluted earnings per share grew 16.3% to $0.57 from $0.49 year-over-year.
- Cash and cash equivalents increased to $603 million from $566 million.
- Repurchased $61 million of common stock during the quarter.
- Renewal revenue increased 5.7% to $352 million.
- Non-warranty and other revenue surged 24.2% to $41 million.
- Effective tax rate decreased to 19.3% from 22.3% year-over-year.
Price Impact
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