Frontdoor Completes Acquisition of 2-10 Home Buyers Warranty

Zacks12-20

Frontdoor, Inc. FTDR has completed the acquisition of 2-10 Home Buyers Warranty (“2-10 HBW”). The company received all regulatory approvals and satisfied the closing conditions required for the deal....

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The company received all regulatory approvals and satisfied the closing conditions required for the deal....</p>\n\n<a href=\"https://finance.yahoo.com/news/frontdoor-completes-acquisition-2-10-132100396.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Frontdoor Completes Acquisition of 2-10 Home Buyers Warranty</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFrontdoor Completes Acquisition of 2-10 Home Buyers Warranty\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-20 21:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/frontdoor-completes-acquisition-2-10-132100396.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Frontdoor, Inc. FTDR has completed the acquisition of 2-10 Home Buyers Warranty (“2-10 HBW”). The company received all regulatory approvals and satisfied the closing conditions required for the deal....</p>\n\n<a href=\"https://finance.yahoo.com/news/frontdoor-completes-acquisition-2-10-132100396.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4195","symbol_name":"互助储蓄与抵押信贷金融服务","start_time":0,"source_url":"https://finance.yahoo.com/news/frontdoor-completes-acquisition-2-10-132100396.html","article_id":"2492440314","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/7bOkYZmQLpnlUDqr7d8vyA--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/b2183dcc198e0002ea8155b9db5f66cc"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492440314","pubTimestamp":1734700860,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Frontdoor, Inc. FTDR has completed the acquisition of 2-10 Home Buyers Warranty . The company received all regulatory approvals and satisfied the closing conditions required for the deal.The all-cash transaction was valued at $585 million. The final purchase price is subject to adjustments based on factors such as cash, debt, transaction expenses, working capital and regulatory capital at closing.Shares of FTDR lost 0.6% during the trading session and 1.9% in the after-hour trading session yesterday.Frontdoor currently sports a Zacks Rank #1 .Here are some other top-ranked stocks from the Construction sector.Sterling Infrastructure, Inc. STRL presently sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.It delivered a trailing four-quarter earnings surprise of 21.5%, on average. Shares of STRL have gained 50.3% in the past six months. 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FTDR has completed the acquisition of 2-10 Home Buyers Warranty (“2-10 HBW”). The company received all regulatory approvals and satisfied the closing conditions required for the deal.The all-cash transaction was valued at $585 million. The final purchase price is subject to adjustments based on factors such as cash, debt, transaction expenses, working capital and regulatory capital at closing.Shares of FTDR lost 0.6% during the trading session and 1.9% in the after-hour trading session yesterday.\nFTDR Expands Portfolio With 2-10 HBW Acquisition\nThe acquisition of 2-10 HBW enhances FTDR’s customer base, revenue and earnings. The company now owns a complementary business that aligns with its growth strategy.2-10 HBW’s New Home Structural Warranty diversifies FTDR's product portfolio and customer base. It also opens up cross-selling opportunities for FTDR’s home warranties and on-demand services.\nFTDR's Credit Facility to Support Strategic Initiatives\nFTDR announced the successful pricing of its $1.47 billion credit facility. The facility consists of a $418 million Term Loan A, an $800 million Term Loan B and a $250 million revolving credit line.The proceeds have been used to retire Term Loan A and Term Loan B debt, maturing in 2026 and 2028, respectively. A portion of the funds supported the 2-10 HBW acquisition, with the remaining amount allocated for share repurchases or general corporate purposes.\nFTDR’s 3-Month Price Performance\nThe leading provider of home warranties in the United States has been making notable strides in the market. FTDR’s shares have gained 56.1% in the past six months, significantly outperforming the Zacks Building Products - Miscellaneous industry and the S&P 500's growth of 6.9% and 7.7%, respectively.\nImage Source: Zacks Investment Research\nFrontdoor is well-positioned for growth and success in the home warranty sector, driven by strong customer retention, expanded brand awareness and acquisitions. The company’s ongoing efforts to improve customer engagement, solid financial position and commitment to shareholder returns support its long-term growth trajectory.The Zacks Consensus Estimate for FTDR’s 2025 earnings per share (EPS) has moved up 6.5% in the past 60 days. The upward revision in earnings estimates indicates analysts’ increasing confidence in the stock.\nFTDR’s Zacks Rank & Other Key Picks\nFrontdoor currently sports a Zacks Rank #1 (Strong Buy).Here are some other top-ranked stocks from the Construction sector.Sterling Infrastructure, Inc. STRL presently sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.It delivered a trailing four-quarter earnings surprise of 21.5%, on average. Shares of STRL have gained 50.3% in the past six months. The Zacks Consensus Estimate for STRL’s 2025 sales and EPS implies an increase of 7.3% and 8.1%, respectively, from the prior-year levels.Comfort Systems USA, Inc. FIX currently sports a Zacks Rank of 1. FIX delivered a trailing four-quarter earnings surprise of 14.7%, on average. The stock has gained 37.6% in the past six months.The consensus estimate for FIX’s 2025 sales and EPS indicates an increase of 7.9% and 20.8%, respectively, from a year ago.MasTec, Inc. MTZ presently sports a Zacks Rank of 1. MTZ delivered a trailing four-quarter earnings surprise of 40.2%, on average. The stock has gained 18.3% in the past six months.The Zacks Consensus Estimate for MTZ’s 2025 sales and EPS indicates an increase of 8.6% and 45.5%, respectively, from a year ago.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nComfort Systems USA, Inc. (FIX) : Free Stock Analysis Report\nSterling Infrastructure, Inc. (STRL) : Free Stock Analysis Report\nMasTec, Inc. (MTZ) : Free Stock Analysis Report\nFrontdoor Inc. (FTDR) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492440314"}