Revenue Growth
Revenue increased 14% period-over-period to $618 million.
Gross Profit and Margin Improvement
Gross profit grew 16% to $353 million, with gross profit margin expanding by 60 basis points to 57%.
Net Income and Adjusted EBITDA Growth
Net income grew 5% to $106 million and adjusted EBITDA grew 18% to $195 million.
Member Growth
First year organic DTC ending member count grew 8% and real estate member count grew sequentially, a milestone not seen for 5 years.
Nonwarranty Revenue Expansion
Nonwarranty revenue, driven by new HVAC sales, increased 73% year-over-year, with plans to expand into new categories like appliances.
Strong Retention Rates
Customer retention rate was 79.4%, with technology improvements like the AHS App and video chat contributing to higher satisfaction.
Share Repurchase
Used strong cash flows to repurchase shares totaling $215 million through October 31.