Frontdoor, Inc. (NASDAQ: FTDR)

Frontdoor is the leading provider of home warranties and new home builder warranties in the United States, operating under the American Home Shield, HSA, OneGuard, Landmark and 2-10 HBW brands.

The company generates revenue primarily from the sale of home warranty service contracts, new home builder warranty contracts, and non warranty services such as HVAC upgrades, smart water shut off installations, home maintenance offerings, and virtual expert support.

The company operates through the following segments.

• The Home Warranty segment provides customizable service contracts that cover repair or replacement of home systems and appliances, supported by a nationwide network of approximately 17,000 independent professional contractor firms and brands including American Home Shield, HSA, OneGuard and Landmark.

• The New Home Builder Warranty segment offers builder backed and insurance backed warranty options covering workmanship, distribution systems and structural components, along with service request management and claims administration for builders.

• The Non Warranty Services segment includes the New HVAC upgrade program, Moen smart water shut off device installation, home maintenance offerings such as HVAC tune ups and re key services, and Virtual Experts video support, marketed to existing warranty customers.

Frontdoor holds a leading position in the U. S. home warranty market as the largest provider by revenue, benefiting from a large scale contractor network, strong brand awareness, a technology enabled platform, and a recurring revenue base driven by high renewal rates.

The company serves homeowners of single family residences and home builders across the United States.