Frontdoor Announces Full-Year 2019 Revenue Increase of 8 Percent to $1.36 Billion; Net Income Improved 23 Percent to $153 Million

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[{"type":"text","content":" MEMPHIS, Tenn.--(BUSINESS WIRE)--\nFrontdoor, Inc. (NASDAQ: FTDR), the nation’s leading provider of home service plans, today announced fourth-quarter and full-year 2019 results.\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nFinancial Results\n\n\n\n\n\n \n\n\n\n \n\n\n\nThree Months Ended\n\n\n\n \n\n\n\nYear Ended\n\n\n\n\n\n \n\n\n\n \n\n\n\nDecember 31,\n\n\n\n \n\n\n\nDecember 31,\n\n\n\n\n\n$ millions (except as noted)\n\n\n\n \n\n\n\n2019\n\n\n\n \n\n\n\n2018\n\n\n\n \n\n\n\nChange\n\n\n\n \n\n\n\n2019\n\n\n\n \n\n\n\n2018\n\n\n\n \n\n\n\nChange\n\n\n\n\n\nRevenue\n\n\n\n \n\n\n\n$\n\n\n\n300\n\n\n\n \n\n\n\n$\n\n\n\n279\n\n\n\n \n\n\n\n7\n\n\n\n%\n\n\n\n \n\n\n\n$\n\n\n\n1,365\n\n\n\n \n\n\n\n$\n\n\n\n1,258\n\n\n\n \n\n\n\n8\n\n\n\n%\n\n\n\n\n\nGross Profit\n\n\n\n \n\n\n\n \n\n\n\n139\n\n\n\n \n\n\n\n \n\n\n\n125\n\n\n\n \n\n\n\n11\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n678\n\n\n\n \n\n\n\n \n\n\n\n572\n\n\n\n \n\n\n\n18\n\n\n\n%\n\n\n\n\n\nNet Income\n\n\n\n \n\n\n\n \n\n\n\n19\n\n\n\n \n\n\n\n \n\n\n\n17\n\n\n\n \n\n\n\n11\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n153\n\n\n\n \n\n\n\n \n\n\n\n125\n\n\n\n \n\n\n\n23\n\n\n\n%\n\n\n\n\n\nDiluted Earnings per Share\n\n\n\n \n\n\n\n \n\n\n\n0.22\n\n\n\n \n\n\n\n \n\n\n\n0.20\n\n\n\n \n\n\n\n10\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n1.80\n\n\n\n \n\n\n\n \n\n\n\n1.47\n\n\n\n \n\n\n\n22\n\n\n\n%\n\n\n\n\n\nAdjusted Net Income(1)\n\n\n\n \n\n\n\n \n\n\n\n21\n\n\n\n \n\n\n\n \n\n\n\n19\n\n\n\n \n\n\n\n11\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n162\n\n\n\n \n\n\n\n \n\n\n\n150\n\n\n\n \n\n\n\n8\n\n\n\n%\n\n\n\n\n\nAdjusted Diluted Earnings per Share(1)\n\n\n\n \n\n\n\n \n\n\n\n0.25\n\n\n\n \n\n\n\n \n\n\n\n0.23\n\n\n\n \n\n\n\n10\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n1.90\n\n\n\n \n\n\n\n \n\n\n\n1.77\n\n\n\n \n\n\n\n7\n\n\n\n%\n\n\n\n\n\nAdjusted EBITDA(1)\n\n\n\n \n\n\n\n \n\n\n\n48\n\n\n\n \n\n\n\n \n\n\n\n47\n\n\n\n \n\n\n\n3\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n303\n\n\n\n \n\n\n\n \n\n\n\n238\n\n\n\n \n\n\n\n27\n\n\n\n%\n\n\n\n\n\nHome Service Plans (number in millions)\n\n\n\n \n\n\n\n \n\n\n\...

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