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Member growth is expected to return in 2026 after stopping since 2020, driven by improving real estate activity, continued direct-to-consumer gains and strong renewal rates.
Frontdoor's non-warranty HVAC replacement business is projected to reach nearly $170 million this year, up from about $13 million five years ago, while its 2-10 acquisition has generated nearly twice its targeted cost synergies.
The company raised its long-term adjusted EBITDA margin target to the mid-20% range, supported by its renewal base, dynamic pricing, contractor efficiencies and SG&A discipline.
Frontdoor (NASDAQ:FTDR) Chief Financial Officer Jason Bailey said the home warranty provider expects member growth to return this year for the first time since 2020, supported by improving real estate-channel conditions, continued direct-to-consumer growth and strong renewal rates.
#since #improving
Member growth is expected to return in 2026 after stopping since 2020, driven by improving real estate activity, continued direct-to-consumer gains and strong renewal rates.
Frontdoor's non-warranty HVAC replacement business is projected to reach nearly $170 million this year, up from about $13 million five years ago, while its 2-10 acquisition has generated nearly twice its targeted cost synergies.
The company raised its long-term adjusted EBITDA margin target to the mid-20% range, supported by its renewal base, dynamic pricing, contractor efficiencies and SG&A discipline.
Frontdoor (NASDAQ:FTDR) Chief Financial Officer Jason Bailey said the home warranty provider expects member growth to return this year for the first time since 2020, supported by improving real estate-channel conditions, continued direct-to-consumer growth and strong renewal rates.
#since #improving
6 days ago
