Frontdoor, Inc. (NASDAQ:FTDR) Q3 2022 Earnings Conference Call November 3, 2022 8:30 AM ET

Company Participants

Matthew Davis - VP, IR & Treasurer

William Cobb - CEO & Chairman

Brian Turcotte - SVP & CFO

Conference Call Participants

Isaac Sellhausen - Oppenheimer

Aaron Kessler - Raymond James & Associates

Jeffrey Schmitt - William Blair & Company

Cory Carpenter - JPMorgan Chase & Co.

Eric Sheridan - Goldman Sachs

Brian Fitzgerald - Wells Fargo Securities

Justin Patterson - KeyBanc Capital Markets

Operator

Ladies and gentlemen, welcome to Frontdoor's Third Quarter 2022 Earnings Call. Today's call is being recorded and broadcast on the Internet.

Beginning today's call is Matt Davis, Vice President of Investor Relations and Treasurer and he will introduce the other speakers that are on the call.

At this time, we'll begin today's call. Please go ahead, Mr. Davis.

Matthew Davis

Thank you, operator. Good morning, everyone, and thank you for joining Frontdoor's Third Quarter 2022 Earnings Conference Call.

Joining me today are Frontdoor's Chairman and Chief Executive Officer, Bill Cobb, and Frontdoor's Chief Financial Officer, Brian Turcotte. The press release and slide presentation that will be used during today's call can be found on the Investor Relations section of Frontdoor's website, which is located at investors.frontdoorhome.com.

As stated on Slide 3 of the presentation, I'd like to remind you, this call and webcast may contain forward-looking statements. These statements are subject to various risks and uncertainties, which could cause actual results to differ materially from those discussed here today.

These risk factors are explained in detail in the company's filings with the SEC. Please refer to the Risk Factors section in our filings for a more detailed discussion of our forward-looking statements and the risks and uncertainties related to such statements.

All forward-looking statements are made as of today, November 3, and except as required by law, the company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

We will also reference certain non-GAAP financial measures throughout today's call. We have included definitions of these terms and reconciliations of these non-GAAP financial measures to their most comparable GAAP financial measures in our press release and the appendix to the presentation in order to better assist you in understanding our financial performance.

I will now turn the call over to Bill Cobb for opening comments. Bill?

William Cobb

Thanks, Matt, and good morning, everyone. Since taking over the CEO role in June, my leadership team and I have taken quick and decisive action to tackle 1 of the most challenging macroeconomic environments in the company's history, and we are delivering on the initiatives outlined on our last earnings call.