Gross Profit Margin Expanded 760 bps to 51%; Net Income Increased to $71 Million;
Adjusted EBITDA Increased $48 Million to $128 Million;
Repurchased $75 Million of Stock in 2023;
Raising Full-Year.
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Operator: Ladies and gentlemen, welcome to Frontdoor s Second Quarter 2023 Earnings Call. Today s call is being recorded and broadcast on the internet.
Frontdoor Announces Second-Quarter 2023 Revenue Increased 7% to $523 Million; Gross Profit Increased 840 Basis Points to 52%; Net Income More than Doubled to $70.