Earnings Call Summary | Frontdoor(FTDR.US) Q1 2024 Earnings Conference
Earnings Call Summary | Frontdoor(FTDR.US) Q1 2024 Earnings Conference
The following is a summary of the Frontdoor, Inc. (FTDR) Q1 2024 Earnings Call Transcript:
以下是Frontdoor, Inc.（FTDR）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Frontdoor achieved Q1 2024 revenue of $378 million with a 3% growth and a surge in net income by 56% up to $34 million.
The quarter set a record with a 33% jump in adjusted EBITDA, which registered at an all-time first quarter high of $71 million.
The company managed to hike its gross margin by 510 basis points to stand at 51%, reflecting a healthier financial state.
On account of its strong Q1 performance, the company revised its full-year 2024 adjusted EBITDA outlook upwards.
Frontdoor在2024年第一季度實現了3.78億美元的收入，增長了3％，淨收入增長了56％，達到3,400萬美元。
該季度創下紀錄，調整後的息稅折舊攤銷前利潤增長了33％，第一季度創下了7100萬美元的歷史新高。
該公司設法將毛利率提高了510個點子，達到51％，這反映了更健康的財務狀況。
由於其強勁的第一季度業績，該公司向上修訂了2024年全年調整後的息稅折舊攤銷前利潤展望。
Business Progress:
業務進展：
Despite encountering a downfall in home warranties demand due to difficult market scenarios, significant milestones were reached including a brand relaunch for American Home Shield and a rise in the Q1 2024 retention rate to 76.3%.
Key product developments include the Frontdoor app surpassing 2 million downloads, the establishment of successful HVAC sales program, and a continuous drive towards expanding on-demand services.
The robust strategic plans for 2024 include a 2-3% revenue growth, a price increase of 11%, and venturing into organic growth, opportunistic M&A, and share buyback strategy.
Frontdoor has high expectations of its new HVAC program to serve as a significant growth vector, banking on favorable environmental regulatory changes and contractor relations.
儘管由於困難的市場情景導致房屋保修需求下降，但還是達到了重要的里程碑，包括American Home Shield的品牌重啓以及2024年第一季度留存率上升至76.3％。
主要產品開發包括Frontdoor應用程序的下載量超過200萬次，成功的暖通空調銷售計劃的建立以及不斷擴大按需服務。
2024年強勁的戰略計劃包括收入增長2-3％，價格上漲11％，以及冒險進行有機增長、機會主義併購和股票回購策略。
憑藉有利的環境監管變化和承包商關係，Frontdoor對其新的暖通空調計劃寄予厚望，該計劃將成爲重要的增長載體。
More details: Frontdoor IR
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譯文內容由第三人軟體翻譯。