FSV

FirstService's (FSV.TO) board of directors declared a second-quarter cash dividend of US$0.305 per s

TORONTO, May 06, 2026 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX: FSV; NASDAQ: FSV) ("FirstService") announced today that its Board of Directors has declared a quarterly cash dividend on the outstanding Common Shares of US$0.305 per Common Share. The dividend is payable on July 7, 2026 to holders of Common Shares of record at the close of business on June 30, 2026. The dividend on Common Shares is an "eligible dividend" for Canadian income tax purposes. About FirstService Corporation FirstService Corporation is a North American leader in the property services sector, serving its customers through two industry-leading service platforms: FirstService Residential, North America's largest manager of residential communities; and FirstService Brands, one of North America's largest providers of essential property services delivered through individually branded company-owned operations and franchise systems. FirstService generates more than $5.5 billion in annual revenues and has approximately 30,000 employees across North America. With significant insider ownership and an experienced management team, FirstService has a long-term track record of creating value and superior returns for shareholders. The Common Shares of FirstService trade on the NASDAQ and the Toronto Stock Exchange under the symbol "FSV", and are included in the S&P/TSX 60 Index. More information is available at www.firstservice.com. Forward-looking Statements This press release includes or may include forward-looking statements. Much of this information can be identified by words such as “expect to,” “expected,” “will,” “estimated” or similar expressions suggesting future outcomes or events. FirstService believes the expectations reflected in such forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results to be materially different from any future results, performance or achievements contemplated in the forward-looking statements. Such factors include: (i) general economic and business conditions, which will, among other things, impact demand for FirstService’s services and the cost of providing services; (ii) the ability of FirstService to implem...

Stifel Canada is slightly positive on FirstService (FSV.TO, FSV) after it reported first-quarter res

Image source: The Motley Fool. Thursday, April 23, 2026 at 11 a.m. ET Chief Executive Officer — D. Scott Patterson Chief Financial Officer — Jeremy Rakusin D. Scott Patterson: Thank you for joining our Q1 conference call. We reported solid results this morning that were generally in line with expectation. I will provide a high-level review, touch on some highlights, and then pass to Jeremy Rakusin for a more in-depth discussion of the results. Total revenues were up 5% over the prior year, with organic growth accounting for over half of the increase. EBITDA for the quarter was up 2%, reflecting a modest and expected decline in our consolidated margin. Jeremy will walk through the detail in a few minutes. And finally, our earnings per share for the quarter were $0.95, up 3% over the prior year. Looking at our divisional results, FirstService Residential revenues were up 4% in the seasonally weak first quarter. All of the growth was organic. We had a solid quarter of contract wins and renewals in our core management business at the upper end of expectation, and as we discussed in our year-end call, divisional growth was tempered by modest declines in ancillary services, including pool construction and renovation, and contracted labor for commercial maintenance. Looking forward at FirstService Residential, we expect similar or slightly better organic growth in Q2 and some sequential improvement for Q3 and Q4. Moving on to FirstService Brands. Revenues for the quarter were up 6%, balanced between organic growth and tuck-under acquisition. Organic growth was again this quarter driven by increases at Century Fire. Organic revenues within restoration, roofing, and home services were all approximately flat with the prior year. Looking more closely at our segments, our restoration brands, First Onsite and Paul Davis together were up mid-single digit over the prior year and, as I said, flat organically. We are pleased with the performance in Q1 after entering the quarter with a soft pipeline relative to prior year due to the mild weather we experienced in Q4. We saw increased activity from winter storm work that benefited both our brands. The work was primarily quick-turn water mitigation and very little carried into Q2. As a result, our overall restoration backlogs at quarter-end are at similar levels to year-end, and down modestly from the prior year. Based on curre...

This article first appeared on GuruFocus. Total Revenue: $1.32 billion, up 5% from $1.25 billion last year. Adjusted EBITDA: $106 million, up 2% year-over-year with an 8% margin. Adjusted EPS: $0.95, a 3% increase over the prior year. FirstService Residential Revenue: $546 million, up 4% over last year's first quarter. FirstService Residential EBITDA: $46 million, a 10% growth rate over the prior year. FirstService Residential EBITDA Margin: 8.4%, a 50 basis points increase over the prior year. FirstService Brands Revenue: $771 million, up 6% over last year's Q1. FirstService Brands EBITDA: $64 million, a 5.5% decline versus the prior year quarter. FirstService Brands EBITDA Margin: 8.3%, down 100 basis points compared to last year. Operating Cash Flow: $88 million, more than double compared to Q1 2025. Capital Expenditures: $28 million, slightly below prior year. Net Debt to EBITDA: 1.5 times, down from 1.6 times at prior year-end. Liquidity: Exceeds $1 billion, the highest level in the company's history. Warning! GuruFocus has detected 4 Warning Signs with FSV. Is FSV fairly valued? Test your thesis with our free DCF calculator. Release Date: April 23, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Total revenues increased by 5% over the prior year, with organic growth accounting for over half of the increase. FirstService Residential achieved a 4% revenue growth, driven entirely by organic growth and strong contract wins. Century Fire reported over 10% revenue growth, with high single-digit organic growth, supported by strong performance in repair, service, and inspection revenues. The company generated $88 million in operating cash flow during the first quarter, more than double compared to Q1 2025. FirstService Corp (NASDAQ:FSV) has a strong liquidity position, with cash and undrawn credit facility balances exceeding $1 billion, the highest in the company's history. EBITDA margin for the quarter declined by 30 basis points to 8%, reflecting margin pressures in the roofing and home services segments. Organic revenues within restoration, roofing, and home services were flat compared to the prior year, indicating challenges in these areas. The home services segment experienced a decline in lead flow and activity levels, attributed to macroeconomic uncertainties and geopolitical tensions. The roofin...

FirstService reported Q1 revenue of $1.32 billion (up 5% YoY), adjusted EBITDA of $106 million (up 2%) and EPS of $0.95 (up 3%), but consolidated adjusted EBITDA margin fell to 8.0% as the Brands segment faced margin pressure—primarily in roofing and home services. FirstService Residential showed organic growth and margin expansion with revenue of $546 million and EBITDA of $46 million (up 10%), as margins improved to 8.4% from 7.9%; management expects similar or slightly better organic growth in Q2 and continued near‑term margin gains. Operating cash flow was a strong $88 million, net debt/EBITDA improved to 1.5x and liquidity exceeds $1 billion; management favors deploying capital toward tuck‑in acquisitions over buybacks and expects mid‑single‑digit revenue growth and flat‑to‑slightly‑up EBITDA in Q2. Interested in FirstService Corporation? Here are five stocks we like better. FirstService (NASDAQ:FSV) reported first-quarter results that executives described as “solid” and generally in line with expectations, driven by organic revenue growth and margin improvement at its Residential division, partially offset by margin pressure in the Brands segment tied to roofing and home services. CEO Scott Patterson said total revenue increased 5% year over year, with “organic growth accounting for over half of the increase.” He added that EBITDA rose 2% as the company experienced a “modest and expected decline in our consolidated margin,” while earnings per share were $0.95, up 3%. → Credo Stock Flashes Strong Bullish Signal—Upswing Just Starting CFO Jeremy Rakusin provided additional detail, reporting consolidated revenue of $1.32 billion compared with $1.25 billion in the prior-year quarter. Adjusted EBITDA was $106 million, up 2%, and adjusted EBITDA margin was 8.0%, down 30 basis points from 8.3% in Q1 2025. Rakusin said the company’s adjustments to arrive at adjusted EBITDA and adjusted EPS were consistent with prior periods. At FirstService Residential, Patterson said revenue increased 4% in what he called the seasonally weak first quarter, and that “all of the growth was organic.” He noted a “solid quarter of contract wins and renewals” in the core management business, though overall growth was tempered by “modest declines in ancillary services,” including pool construction and renovation and contracted labor for commercial maintenance. → Allbirds Exits Shoes,...

Performance was driven by solid organic growth in FirstService Residential and Century Fire, though overall results were tempered by soft demand in Home Services and Roofing. FirstService Residential margin expansion of 50 basis points resulted from broad-based labor cost efficiencies, including client accounting offshoring and AI-driven portfolio management. Home Services experienced a sharp decline in lead flow starting in February, attributed to geopolitical instability in the Middle East and deteriorating consumer sentiment. Management strategically increased promotional and marketing spend in Home Services to maintain capacity utilization and capture market share despite the tough environment. The Roofing segment faced margin pressure due to a highly competitive reroofing market and a continued depression in commercial new construction outside of data centers. Restoration results were impacted by a soft pipeline entering the quarter due to mild weather in late 2024, with Q1 activity primarily limited to quick-turn water mitigation. Century Fire continues to outperform, driven by a strategic focus on recurring service, repair, and inspection revenues rather than just installation contracts. Q2 consolidated guidance assumes mid-single-digit revenue growth with EBITDA performance expected to be flat to slightly up compared to the prior year. Management expects FirstService Residential to maintain margin expansion in Q2 before flattening out in the second half of the year as efficiency initiatives annualize. The outlook for Home Services remains cautious, with expectations to match prior-year revenues in Q2 through continued promotional investment until consumer sentiment stabilizes. Roofing and Restoration backlogs are currently down modestly, leading to expectations of flat to slightly down organic revenue in these segments for the upcoming quarter. Management anticipates a potential 'pop' in activity later in the year, contingent on geopolitical stability and reduced concerns regarding inflation and interest rates. Liquidity reached a record $1 billion, providing significant flexibility for the acquisition pipeline despite high market valuations. The company selectively acquired two large franchises in the Paul Davis and California Closets brands to drive incremental growth via company-owned operations. Management noted emerging distress in the roofing i...

TORONTO (AP) — TORONTO (AP) — FirstService Corp. (FSV) on Thursday reported first-quarter earnings of $20 million. The Toronto-based company said it had net income of 44 cents per share. Earnings, adjusted for one-time gains and costs, were 95 cents per share. The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share. The property services provider posted revenue of $1.32 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $1.3 billion. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FSV at https://www.zacks.com/ap/FSV

FirstService (FSV) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.9 per share. This compares to earnings of $0.92 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +6.15%. A quarter ago, it was expected that this property services provider would post earnings of $1.32 per share when it actually produced earnings of $1.37, delivering a surprise of +3.79%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. FirstService, which belongs to the Zacks Real Estate - Operations industry, posted revenues of $1.32 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 1.41%. This compares to year-ago revenues of $1.25 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. FirstService shares have lost about 3.8% since the beginning of the year versus the S&P 500's gain of 4.3%. While FirstService has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for FirstService was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks...

FirstService Residential Operating Performance Contributes to Earnings Growth Operating highlights: TORONTO, April 23, 2026 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX: FSV; NASDAQ: FSV) today reported operating and financial results for its first quarter ended March 31, 2026. All amounts are in US dollars. Consolidated revenues for the first quarter were $1.32 billion, up 5% relative to the same quarter in the prior year. Adjusted EBITDA (note 1) increased 2% to $105.7 million, and Adjusted EPS (note 2) was $0.95, reflecting 3% growth over the prior year quarter. GAAP Operating Earnings were $46.7 million, relative to $39.3 million in the prior year period. GAAP diluted earnings per share was $0.44 per share in the quarter, versus $0.06 in the same quarter a year ago. “We are pleased with our results to start the year, which were largely in-line with internal expectations across all of our brands,” said Scott Patterson, Chief Executive Officer of FirstService. “Our businesses remain focused on driving market share gains and building growth momentum for the balance of 2026,” he concluded. About FirstService Corporation FirstService Corporation is a North American leader in the essential outsourced property services sector, serving its customers through two industry-leading service platforms: FirstService Residential - North America’s largest manager of residential communities; and FirstService Brands - one of North America’s largest providers of essential property services delivered through individually branded company-owned operations and franchised systems. FirstService generates more than US$5.5 billion in annual revenues and has approximately 30,000 employees across North America. With significant insider ownership and an experienced management team, FirstService has a long-term track record of creating value and superior returns for shareholders. The Common Shares of FirstService trade on the NASDAQ and the Toronto Stock Exchange under the symbol “FSV”, and are included in the S&P/TSX 60 Index. More information is available at www.firstservice.com. Segmented Quarterly Results FirstService Residential revenues were $545.7 million for the first quarter, an increase of 4% versus the prior year, fully driven by organic growth (note 1). Top-line performance was comprised of new property management contract wins and expanded sited labour services. Adjust...

FirstService (FSV.TO) adjusted earnings and revenue for the first quarter both advanced, beating est

FirstService Corp (FSV) reported Q1 adjusted earnings Thursday of $0.95 per diluted share, compared