First Onsite expands its presence in New England with key hirings
- GREENWOOD VILLAGE, Colo., Oct. 21, 2024 (GLOBE NEWSWIRE) -- First Onsite Property Restoration (First Onsite), one of North America's largest disaster recovery and restoration providers for commercial enterprises announced it has expanded its presence in New England by hiring a team of seasoned and long-established commercial restoration professionals in Massachusetts.
- 10/21/2024
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FirstService (FSV) Reports Next Week: Wall Street Expects Earnings Growth
- FirstService (FSV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 10/17/2024
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FirstService to Announce Third Quarter Results on October 24, 2024
- TORONTO, Oct. 03, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that it will release its financial results for the third quarter ended September 30, 2024 by press release on Thursday, October 24, 2024 at approximately 7:30 am ET.
- 10/03/2024
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APOLLO and FirstService Residential Partner to Offer Digital Insurance to Residents
- TORONTO--(BUSINESS WIRE)--APOLLO Insurance, a Canadian digital insurance provider and leading innovator in the emerging embedded finance sector, has partnered with FirstService Residential, North America's largest residential property management company, to provide instant digital insurance solutions specifically designed for tenants across Alberta. APOLLO's digital platform launched in 2019 and began serving Canadian consumers with fully digital insurance products. Since then, APOLLO has partn.
- 10/01/2024
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First Onsite Presents Live Burn and Education Seminar in Freeport, Il
- Training burn of a structure and vehicles designed for fire and safety awareness Illinois Live Burn And Education event Picture shows a training burn in Twins Lakes, WI. in June for fire safety awareness.
- 09/23/2024
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FirstService Declares Quarterly Cash Dividend on Common Shares
- TORONTO, Sept. 10, 2024 (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$0.25 per Common Share. The dividend is payable on October 7, 2024 to holders of Common Shares of record at the close of business on September 30, 2024. The dividend on Common Shares is an "eligible dividend" for Canadian income tax purposes.
- 09/10/2024
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FirstService Announces Normal Course Issuer Bid
- TORONTO, Aug. 21, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that the Toronto Stock Exchange (the “TSX”) has accepted a notice filed by FirstService of its intention to make a normal course issuer bid (the “NCIB”) with respect to its outstanding common shares.
- 08/21/2024
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Colliers International Group Inc. (CIGI) Q2 2024 Earnings Call Transcript
- Colliers International Group Inc. (NASDAQ:CIGI ) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET Company Participants Christian Mayer – CFO Chris McLernon – CEO, Real Estate Services Jay Hennick – Global Chairman and CEO Conference Call Participants Stephen MacLeod - BMO Capital Markets Stephen Sheldon - William Blair Khing Shan - RBC Capital Markets Himanshu Gupta - Scotiabank Frederic Bastien - Raymond James Daryl Young - Stifel Nicolaus Operator Welcome to the Colliers International Second Quarter Investors Conference Call. Legal Counsel requires us to advise that the discussion scheduled to take place today may contain forward-looking statements that involve known and unknown risks and uncertainties.
- 08/03/2024
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Century Fire Protection Acquires Citadel Fire Sprinkler and Sentry Fire Protection
- Tuck-Under Acquisitions Add Scale and Broaden Footprint in Existing Markets Tuck-Under Acquisitions Add Scale and Broaden Footprint in Existing Markets
- 07/30/2024
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FirstService: Q2 Results Highlight Further Growth Ahead For This Compounder
- FirstService is a real estate services company specializing in property management and maintenance. The company reported positive Q2'24 results, with revenues up 15.9% and adjusted EBITDA up 11.9%. With dominant market positions in several industries operating recognizable brands with geographical reach, the company has a scale advantage that enables it to achieve both organic and inorganic growth.
- 07/29/2024
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FirstService Corporation (FSV) Q2 2024 Earnings Call Transcript
- FirstService Corporation (NASDAQ:FSV ) Q2 2024 Earnings Conference Call July 25, 2024 11:00 AM ET Company Participants Scott Patterson – Chief Executive Officer Jeremy Rakusin – Chief Financial Officer Conference Call Participants Stephen MacLeod – BMO Capital Markets Frederic Bastien – Raymond James Tom Callaghan – RBC Capital Markets Stephen Sheldon – William Blair Tim James – TD Securities Himanshu Gupta – Scotiabank Daryl Young – Stifel Operator Good day and thank you for standing by. Welcome to the FirstService Corporation Second Quarter 2024 Earnings Conference Call.
- 07/25/2024
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FirstService (FSV) Tops Q2 Earnings and Revenue Estimates
- FirstService (FSV) came out with quarterly earnings of $1.36 per share, beating the Zacks Consensus Estimate of $1.26 per share. This compares to earnings of $1.46 per share a year ago.
- 07/25/2024
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FirstService Reports Second Quarter 2024 Results
- Operating highlights: Three months ended Six months ended June 30 June 30 2024 2023 2024 2023 Revenues (millions) $ 1,297.5 $ 1,119.7 $ 2,455.5 $ 2,138.2 Adjusted EBITDA (millions) (note 1) 132.5 118.4 215.9 200.4 Adjusted EPS (note 2) 1.36 1.46 2.03 2.31 GAAP Operating Earnings 83.9 82.3 122.0 123.3 GAAP EPS 0.78 1.01 0.92 1.37 TORONTO, July 25, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX: FSV; NASDAQ: FSV) today reported results for its second quarter ended June 30, 2024. All amounts are in US dollars.
- 07/25/2024
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FirstService to Announce Second Quarter Results on July 25, 2024
- TORONTO, July 09, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that it will release its financial results for the second quarter ended June 30, 2024 by press release on Thursday, July 25, 2024 at approximately 7:30 am ET.
- 07/09/2024
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FirstService Residential Further Enhances Market Leadership Position in California
- TORONTO, June 24, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that FirstService Residential, the North American residential property management leader, has acquired San Francisco-based CitiScape Property Management Group, LLC (“CitiScape”). CitiScape's existing executive team will continue to lead day-to-day operations.
- 06/24/2024
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First Onsite expands in Virginia with new branch in Roanoke
- Branch offers water, fire, storm, and mold mitigation/remediation, with focus on healthcare industry Branch offers water, fire, storm, and mold mitigation/remediation, with focus on healthcare industry
- 06/18/2024
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First Onsite Presents Live Burn and Education Seminar
- Training burn of a structure and vehicles designed for fire and safety awareness Training burn of a structure and vehicles designed for fire and safety awareness
- 06/17/2024
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First Onsite expands in Virginia with new branch in Richmond
- Branch offers water, fire, storm, and mold mitigation/remediation and disaster recovery GREENWOOD VILLAGE, Col., June 11, 2024 (GLOBE NEWSWIRE) -- First Onsite Property Restoration (First Onsite), one of North America's largest disaster recovery and restoration providers for commercial enterprises announced it has expanded operations and opened a new branch in Richmond, Virginia to serve the city and the surrounding area.
- 06/11/2024
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FirstService Expands Commercial Roofing Platform
- Roofing Corp of America Acquires Florida-Based Crowther Roofing and Hamilton Roofing Roofing Corp of America Acquires Florida-Based Crowther Roofing and Hamilton Roofing
- 06/06/2024
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FirstService Declares Quarterly Cash Dividend on Common Shares
- TORONTO, May 07, 2024 (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$0.25 per Common Share. The dividend is payable on July 5, 2024 to holders of Common Shares of record at the close of business on Friday, June 28, 2024. The dividend on Common Shares is an "eligible dividend" for Canadian income tax purposes.
- 05/07/2024
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Colliers International Group Inc. (CIGI) Q1 2024 Earnings Call Transcript
- Colliers International Group Inc. (NASDAQ:CIGI ) Q1 2024 Results Conference Call May 2, 2024 11:00 AM ET Company Participants Jay Hennick - Global Chairman and Chief Executive Officer Chris McLernon - Chief Executive Officer, Real Estate Services Christian Mayer - Chief Financial Officer Conference Call Participants Stephen MacLeod - BMO Capital Markets Daryl Young - Stifel Stephen Sheldon - William Blair Himanshu Gupta - Scotiabank Jimmy Shan - RBC Frederic Bastien - Raymond James Operator Welcome to the Colliers International First Quarter Investors Conference Call. Today's call is being recorded.
- 05/04/2024
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FirstService (FSV) Q1 Earnings and Revenues Surpass Estimates
- FirstService (FSV) came out with quarterly earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $0.85 per share a year ago.
- 04/24/2024
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FirstService Reports First Quarter Results
- Operating highlights: Three months ended March 31 2024 2023 Revenues (millions) $ 1,158.0 $ 1,018.4 Adjusted EBITDA (millions) (note 1) 83.4 82.1 Adjusted EPS (note 2) 0.67 0.85 GAAP Operating Earnings (millions) 38.1 41.0 GAAP EPS 0.14 0.36 TORONTO, April 24, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX: FSV; NASDAQ: FSV) today reported operating and financial results for its first quarter ended March 31, 2024. All amounts are in US dollars.
- 04/24/2024
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First Onsite Restoration Enhances Geographic Footprint in Growing Southeast U.S. Region
- TORONTO, April 10, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that its subsidiary, First Onsite Property Restoration (“First Onsite”), has recently acquired All Restoration Solutions, LLC (“ARS” or the “Company”). The executive leaders of ARS will continue to hold a minority equity stake and oversee day-to-day operations.
- 04/10/2024
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FirstService Announces Election of Directors
- TORONTO, April 03, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX: FSV) (NASDAQ: FSV) (“FirstService”) today announced that at its annual meeting of shareholders, held virtually earlier today, the eight director nominees listed in FirstService's management information circular dated February 23, 2024 (the “Circular”) were elected as directors of FirstService. Directors have been elected to serve until the close of the next annual meeting of shareholders. The detailed results of the vote are set out below.
- 04/03/2024
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20 Upcoming Dividend Increases To Finish Q1
- 20 new dividend increases with an average increase of 8.5% and a median of 8% are shared.
- 03/21/2024
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FirstService Corporation Announces Upcoming Meeting and Financial Reporting Dates
- Annual Meeting of Shareholders on April 3, 2024 Release of First Quarter 2024 Results on April 24, 2024 TORONTO, March 21, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that it will hold its Annual Meeting of Shareholders on Wednesday, April 3, 2024 at 11:00 a.m. ET. The meeting will be webcast live and can be either accessed via FirstService's website at www.firstservice.com in the “Investors” section under the “Newsroom” tab prior to the meeting or by accessing the LUMI AGM platform directly at https://web.lumiagm.com/440146718.
- 03/21/2024
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FirstService Residential Further Enhances Market Leadership Position in Florida
- TORONTO, Feb. 27, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that FirstService Residential, the North American property management leader, has recently acquired a controlling interest in Rizzetta & Company (“Rizzetta” or the “Company”). William “Bill” Rizzetta, Founder and President, will retain a significant equity stake in the Company and will continue to lead its operations.
- 02/27/2024
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Colliers International Group Inc. (CIGI) Q4 2023 Earnings Call Transcript
- Colliers International Group Inc. (CIGI) Q4 2023 Earnings Call Transcript
- 02/08/2024
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FirstService Corporation (FSV) Q4 2023 Earnings Call Transcript
- FirstService Corporation (FSV) Q4 2023 Earnings Call Transcript
- 02/06/2024
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FirstService (FSV) Lags Q4 Earnings Estimates
- FirstService (FSV) came out with quarterly earnings of $1.11 per share, missing the Zacks Consensus Estimate of $1.14 per share. This compares to earnings of $1.22 per share a year ago.
- 02/06/2024
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FirstService Reports Fourth Quarter and Full Year Results
- Double-Digit Annual Revenue and Operating Earnings Growth Operating highlights: Three months ended Year ended December 31 December 31 2023 2022 2023 2022 Revenues (millions) $ 1,079.3 $ 1,020.1 $ 4,334.5 $ 3,745.8 Adjusted EBITDA (millions) (note 1) 103.3 102.5 415.7 351.7 Adjusted EPS (note 2) 1.11 1.22 4.66 4.24 GAAP Operating Earnings 48.1 67.5 244.9 219.0 GAAP EPS 0.14 0.86 2.24 2.72 TORONTO, Feb. 06, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX: FSV; NASDAQ: FSV) today announced fourth quarter and full year results for the year ended December 31, 2023. All amounts are in US dollars.
- 02/06/2024
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FirstService Declares 11% Increase To Quarterly Cash Dividend
- TORONTO, Feb. 05, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX: FSV; NASDAQ: FSV) ("FirstService") announced today that its Board of Directors has approved an 11% increase in the quarterly cash dividend on the outstanding Common Shares of the Company over the previous US$0.225 per Common Share and declared a quarterly dividend of US$0.25 per Common Share. The dividend is payable on April 5, 2024 to holders of Common Shares of record at the close of business on March 29, 2024.
- 02/05/2024
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Earnings Preview: FirstService (FSV) Q4 Earnings Expected to Decline
- FirstService (FSV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 01/30/2024
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All You Need to Know About FirstService (FSV) Rating Upgrade to Strong Buy
- FirstService (FSV) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
- 01/25/2024
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2 Real Estate Operations Stocks to Bet On Despite Industry Challenges
- Even amid constrained credit availability, elevated debt costs and a wary market, Zacks Real Estate Operations industry players, including Z and FSV, are in focus due to the growing trend of outsourcing real estate services, increased tech investments and other emerging industry trends.
- 01/19/2024
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Hennick & Company Acquires Generational Real Estate in Manhattan
- TORONTO, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Hennick & Company, Inc. (“Hennick&Co”), a private investment firm founded by the Hennick Family, announced today that it has acquired the Bridge Tower Place Retail located at 401 East 60th Street, a significant real estate asset in Manhattan, New York for USD $153 million (the “Property”). The Hennick Family is the founding and largest shareholder of two public companies, Colliers International Group Inc. (NASAQ: CIGI) and FirstService Corporation (NASAQ: FSV).
- 01/11/2024
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FirstService Adds Restoration Tuck-Under Acquisitions
- TORONTO, Jan. 10, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) today announced that it has recently completed three restoration tuck-under acquisitions. Terms of the transactions were not disclosed.
- 01/10/2024
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FirstService to Announce Fourth Quarter and Annual Results for 2023 on February 6, 2024
- TORONTO, Jan. 09, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that it will release its financial results for the fourth quarter ended December 31, 2023 by press release on Tuesday, February 6, 2024 at approximately 7:30 am ET.
- 01/09/2024
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FirstService: This Underfollowed Gem Has Been Outperforming For Years
- FirstService is a market leader in outsourced property services, specializing in property management, maintenance, and related services. With dominant market positions in several industries operating recognizable brands with geographical reach, the company has a scale advantage that enables it to achieve both organic and inorganic growth. FirstService has a long-term track record of growth, with a 19% CAGR in revenues since 1995 and a 17% CAGR over the last five years.
- 12/23/2023
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Colliers International Group Inc. (CIGI) Q3 2023 Earnings Call Transcript
- Colliers International Group Inc. (NASDAQ:CIGI ) Q3 2023 Earnings Conference Call November 2, 2023 11:00 AM ET Company Participants Jay Hennick - Global Chairman & Chief Executive Officer Chris McLernon - Chief Executive Officer, Real Estate Services Christian Mayer - Chief Financial Officer Conference Call Participants Michael Doumet - Scotiabank Stephen Sheldon - William Blair Stephen MacLeod - BMO Capital Markets Frederic Bastien - Raymond James Jimmy Shan - RBC Capital Markets Andrew Rosivach - Wolfe Research Maxim Sytchev - National Bank Financial Operator Welcome to the Colliers International Third Quarter Investor Conference Call. Today's call is being recorded.
- 11/05/2023
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FirstService (FSV) Q3 Earnings Miss Estimates
- FirstService (FSV) came out with quarterly earnings of $1.25 per share, missing the Zacks Consensus Estimate of $1.29 per share. This compares to earnings of $1.17 per share a year ago.
- 10/26/2023
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3 Real Estate Operations Stocks to Consider Despite Industry Woes
- Despite limited credit availability, higher debt costs and a cautious market, Zacks Real Estate Operations industry players, including FSV, CIGI and KW, are in focus due to the growing trend of outsourcing real estate services, increased tech investments and other emerging industry trends.
- 10/18/2023
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FirstService To Announce Third Quarter Results On October 26, 2023
- TORONTO, Oct. 05, 2023 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that it will release its financial results for the third quarter ended September 30, 2023 by press release on Thursday, October 26, 2023 at approximately 7:30 am ET.
- 10/05/2023
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3 of the Top Franchise Stocks to Buy Now: 2023 Edition Top Franchise Stocks
- Faced with finding three top franchise stocks to buy for 2024 and beyond, I want to keep the restaurant names to a minimum. That's especially true, given I've only got three spots available.
- 09/30/2023
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Colliers International Group Inc. (CIGI) Q2 2023 Earnings Call Transcript
- Colliers International Group Inc. (NASDAQ:CIGI ) Q2 2023 Earnings Call Transcript August 2, 2023 11:00 AM ET Company Participants Jay Hennick - Global Chairman & CEO Chris McLernon - CEO, Real Estate Services Christian Mayer - CFO Conference Call Participants Steve MacLeod - BMO Capital Markets Stephen Sheldon - William Blair Frederic Bastien - Raymond James Jimmy Shan - RBC Capital Markets Maxim Sytchev - National Bank Financial Operator Welcome to the Colliers International Second Quarter Investors Conference Call. Today's call is being recorded.
- 08/02/2023
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FirstService to Announce Second Quarter Results on July 27, 2023
- TORONTO, July 11, 2023 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that it will release its financial results for the second quarter ended June 30, 2023 by press release on Thursday, July 27, 2023 at approximately 7:30 am ET.
- 07/11/2023
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18 Upcoming Dividend Increases To Finish Q1
- All these stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. They have an average increase of 11.0% and a median increase of 8.4%.
- 03/24/2023
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3 Real Estate Operations Stocks Poised to Escape Industry Woes
- Despite reduced credit availability, more expensive debt and a cautious stance amid rising interest rates and inflation, Zacks Real Estate Operations industry stocks like CBRE, FSV and CIGI are in focus as outsourcing of real estate needs, tech investments and other trends gain pace.
- 03/10/2023
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CBRE Retains Top Spot in Global Investment Sales Activity in 2022
- CBRE benefits from the diversification across asset types, business lines, client types and geographies, and the expansion of its resilient business in recent years.
- 03/08/2023
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3 Reasons Growth Investors Will Love FirstService (FSV)
- FirstService (FSV) is well positioned to outperform the market, as it exhibits above-average growth in financials.
- 03/01/2023
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Here is Why Growth Investors Should Buy FirstService (FSV) Now
- FirstService (FSV) could produce exceptional returns because of its solid growth attributes.
- 02/13/2023
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Colliers International Group, Inc. (CIGI) Q4 2022 Earnings Call Transcript
- Colliers International Group, Inc. (NASDAQ:CIGI ) Q4 2022 Earnings Conference Call February 9, 2023 11:00 AM ET Company Participants Jay Hennick - Chairman & CEO Christian Mayer - CFO Conference Call Participants Michael Doumet - Scotia Capital Stephen Sheldon - William Blair and Company Stephen MacLeod - BMO Capital Daryl Young - TD Securities Chandni Luthra - Goldman Sachs Frederic Bastien - Raymond James Operator Welcome to the Colliers International Fourth Quarter Investors Conference Call. Today's call is being recorded.
- 02/09/2023
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FirstService Corporation (FSV) Q4 2022 Earnings Call Transcript
- FirstService Corporation (NASDAQ:FSV ) Q4 2022 Results Conference Call February 7, 2023 11:00 AM ET Company Participants Scott Patterson - CEO Jeremy Rakusin - CFO Conference Call Participants Stephen MacLeod - BMO Capital Stephen Sheldon - William Blair Daryl Young - TD Securities Frederic Bastien - Raymond James Operator Good day, ladies and gentlemen, and thank you for standing-by. Welcome to the FirstService Corporation Fourth Quarter 2022, Earning Conference Call.
- 02/07/2023
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Dividend Champion, Contender, And Challenger Highlights: Week Of January 1
- A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends.
- 01/01/2023
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3 Real Estate Operations Stocks Poised to Escape Industry Woes
- Despite reduced credit availability, more expensive debt and a cautious stance amid rising interest rates and inflation, Zacks Real Estate Operations industry stocks like KW, FSV and RMR are in focus as outsourcing of real estate needs, tech investments and other trends gain pace.
- 12/01/2022
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Colliers International Group, Inc. (CIGI) Q3 2022 Earnings Call Transcript
- Colliers International Group, Inc. (NASDAQ:CIGI ) Q3 2022 Earnings Conference Call November 1, 2022 11:00 AM ET Company Participants Jay Hennick - Global Chairman & CEO Christian Mayer - CFO Conference Call Participants Chandni Luthra - Goldman Sachs Michael Doumet - Scotiabank Stephen Sheldon - William Blair Stephen MacLeod - BMO Capital Markets Daryl Young - TD Securities Frederic Bastien - Raymond James Operator Good day, and thank you for standing by. Welcome to the Colliers International's Group Third Quarter 2022 Investor Conference Call.
- 11/01/2022
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FirstService (FSV) CEO Scott Patterson on Q3 2022 Results - Earnings Call Transcript
- FirstService, Corp. (NASDAQ:FSV ) Q3 2022 Earnings Conference Call October 26, 2022 11:00 AM ET Company Participants Scott Patterson - CEO Jeremy Rakusin - CFO Conference Call Participants Michael Doumet - Scotiabank Stephen MacLeod - BMO Capital Faiza Alwy - Deutsche Bank Daryl Young - TD Securities Stephen Sheldon - William Blair Frederic Bastien - Raymond James Operator Welcome to the Third Quarter Investors Conference Call. Today's call is being recorded.
- 10/26/2022
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FirstService (FSV) Misses Q3 Earnings Estimates
- FirstService (FSV) delivered earnings and revenue surprises of -1.68% and 2.02%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
- 10/26/2022
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FirstService to Announce Third Quarter Results on October 26, 2022
- TORONTO, Oct. 12, 2022 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that it will release its financial results for the third quarter ended September 30, 2022 by press release on Wednesday, October 26, 2022 at approximately 7:30 am ET.
- 10/12/2022
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3 Real Estate Operations Stocks Set to Escape Industry Blues
- Despite the cautious stance of clients due to rising interest rates and inflation, the Zacks Real Estate Operations industry stocks like CBRE, FSV and CIGI are in focus as outsourcing of real estate needs and some other trends gain momentum.
- 09/01/2022
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FirstService Corporation's (FSV) CEO Scott Patterson on Q2 2022 Results - Earnings Call Transcript
- FirstService Corporation (NASDAQ:FSV ) Q2 2022 Earnings Conference Call July 27, 2022 11:00 AM ET Company Participants Scott Patterson – Chief Executive Officer Jeremy Rakusin – Chief Financial Officer Conference Call Participants George Doumet – Scotiabank Frederic Bastien – Raymond James Stephen Sheldon – William Blair Stephen MacLeod – BMO Capital Faiza Alwy – Deutsche Bank Daryl Young – TD Securities Operator Welcome to the Second Quarter Investors Conference Call. Today's call is being recorded.
- 07/27/2022
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FirstService (FSV) Q2 Earnings Lag Estimates
- FirstService (FSV) delivered earnings and revenue surprises of -4.27% and 1.07%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
- 07/27/2022
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FirstService to Announce Second Quarter Results on July 27, 2022
- TORONTO, July 15, 2022 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that it will release its financial results for the second quarter ended June 30, 2022 by press release on Wednesday July 27, 2022 at approximately 7:30 am ET.
- 07/15/2022
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FirstService Corporation (FSV) CEO Scott Patterson on Q1 2022 Results - Earnings Call Transcript
- FirstService Corporation (NASDAQ:FSV ) Q1 2022 Earnings Conference Call April 27, 2022 11:00 AM ET Company Participants Scott Patterson - CEO Jeremy Rakusin - CFO Conference Call Participants George Doumet - Scotiabank Stephen MacLeod - BMO Capital Markets Faiza Alwy - Deutsche Bank Scott Fromson - CIBC Stephen Sheldon - William Blair Daryl Young - TD Securities Operator Welcome to the First Quarter Investors' Conference Call. Today's call is being recorded.
- 04/27/2022
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FirstService (FSV) Beats Q1 Earnings and Revenue Estimates
- FirstService (FSV) delivered earnings and revenue surprises of 7.35% and 5.16%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
- 04/27/2022
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RVT: 8% Dividend Yield With Upside To Valuation
- RVT: 8% Dividend Yield With Upside To Valuation
- 04/04/2022
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Down 11.6% in 4 Weeks, Here's Why You Should You Buy the Dip in FirstService (FSV)
- FirstService (FSV) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
- 02/18/2022
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FirstService Corporation (FSV) CEO Scott Patterson on Q4 2021 Results - Earnings Call Transcript
- FirstService Corporation (FSV) CEO Scott Patterson on Q4 2021 Results - Earnings Call Transcript
- 02/15/2022
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Here's Why FirstService (FSV) is Poised for a Turnaround After Losing 18.6% in 4 Weeks
- The heavy selling pressure might have exhausted for FirstService (FSV) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
- 01/27/2022
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FirstService to Announce Fourth Quarter and Annual Results for 2021 on February 15, 2022
- TORONTO, Jan. 19, 2022 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that it will release its financial results for the fourth quarter ended December 31, 2021 by press release on Tuesday, February 15, 2022 at approximately 7:30 am ET.
- 01/19/2022
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3 Companies Growing Earnings Fast
- The S&P 500 saw the trailing 12-month real earnings per share of its member companies increase by a compound annual growth rate of 10.13% over the past five years. The index, which stood at 4,796.56 as of Monday, has climbed more than 110% over the past five years.
- 01/04/2022
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FirstService Corporation (FSV) CEO Scott Patterson on Q3 2021 Results - Earnings Call Transcript
- FirstService Corporation (FSV) CEO Scott Patterson on Q3 2021 Results - Earnings Call Transcript
- 10/26/2021
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FirstService (FSV) Q3 Earnings and Revenues Surpass Estimates
- FirstService (FSV) delivered earnings and revenue surprises of 27.12% and 5.05%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
- 10/26/2021
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FirstService (FSV) Hits 52-Week High, Can the Run Continue?
- FirstService (FSV) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 10/20/2021
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Looking for a Growth Stock? 3 Reasons Why FirstService (FSV) is a Solid Choice
- FirstService (FSV) possesses solid growth attributes, which could help it handily outperform the market.
- 10/15/2021
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FirstService to Announce Third Quarter Results on October 26, 2021
- TORONTO, Oct. 13, 2021 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that it will release its financial results for the third quarter ended September 30, 2021 by press release on Tuesday October 26, 2021 at approximately 7:30 am ET.
- 10/13/2021
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FirstService Residential Extends Market Leadership Position in Florida
- Acquires Atlantic Pacific Association Management Acquires Atlantic Pacific Association Management
- 09/29/2021
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FirstService (FSV) Surges 5.4%: Is This an Indication of Further Gains?
- FirstService (FSV) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
- 09/16/2021
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FirstService Declares Quarterly Cash Dividend On Common Shares
- TORONTO, Sept. 15, 2021 (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$0.1825 per Common Share. The dividend is payable on October 7, 2021 to holders of Common Shares of record at the close of business on September 30, 2021. The dividend on Common Shares is an "eligible dividend" for Canadian income tax purposes.
- 09/15/2021
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First Onsite Expands Presence Within Key Tri-State Region
- Adds New Jersey-Based Insurance Restoration Specialists Adds New Jersey-Based Insurance Restoration Specialists
- 09/14/2021
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First Onsite Property Restoration Further Broadens Geographic Footprint
- Acquires Complete DKI and Moore Restoration Acquires Complete DKI and Moore Restoration
- 08/19/2021
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FirstService Announces Normal Course Issuer Bid
- TORONTO, Aug. 17, 2021 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that the Toronto Stock Exchange (the “TSX”) has accepted a notice filed by FirstService of its intention to make a normal course issuer bid (the “NCIB”) with respect to its outstanding common shares.
- 08/17/2021
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FirstService Corporation (FSV) CEO Scott Patterson on Q2 2021 Results - Earnings Call Transcript
- FirstService Corporation (FSV) CEO Scott Patterson on Q2 2021 Results - Earnings Call Transcript
- 07/27/2021
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FirstService Reports Very Strong Second Quarter Results
- Performance driven by Robust Organic Growth across all Operations Performance driven by Robust Organic Growth across all Operations
- 07/27/2021
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Earnings Preview For FirstService
- On Tuesday, July 27, FirstService (NASDAQ:FSV) will release its latest earnings report. Check out Benzinga's preview to understand the implications.
- 07/26/2021
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FirstService (FSV) Hits Fresh High: Is There Still Room to Run?
- FirstService (FSV) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 07/22/2021
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FirstService to Announce Second Quarter Results on July 27, 2021
- TORONTO, July 12, 2021 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that it will release its financial results for the second quarter ended June 30, 2021 by press release on Tuesday July 27, 2021 at approximately 7:30 am ET.
- 07/12/2021
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FirstService Appoints Steve Grimshaw to its Board of Directors
- TORONTO, May 11, 2021 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX: FSV; NASDAQ: FSV) today announced the appointment of Steve H. Grimshaw to its Board of Directors. Mr. Grimshaw's appointment expands the Board to nine directors, seven of whom are independent directors.
- 05/11/2021
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FirstService Declares Quarterly Cash Dividend on Common Shares
- TORONTO, May 11, 2021 (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$0.1825 per Common Share. The dividend is payable on July 7, 2021 to holders of Common Shares of record at the close of business on June 30, 2021. The dividend on Common Shares is an "eligible dividend" for Canadian income tax purposes.
- 05/11/2021
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FirstService's (FSV) CEO Scott Patterson on Q1 2021 Results - Earnings Call Transcript
- FirstService's (FSV) CEO Scott Patterson on Q1 2021 Results - Earnings Call Transcript
- 04/28/2021
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FirstService (FSV) Q1 Earnings and Revenues Top Estimates
- FirstService (FSV) delivered earnings and revenue surprises of 32.00% and 6.59%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
- 04/27/2021
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Recap: FirstService Q1 Earnings
- Shares of FirstService (NASDAQ:FSV) remained unaffected after the company reported Q1 results. Quarterly Results Earnings per share were up 78.38% year over year to $0.66, which beat the estimate of $0.46.
- 04/27/2021
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FirstService Reports Strong First Quarter Results
- Organic Growth and Increased Operating Margins Drive Strong Profitability
- 04/27/2021
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FirstService Announces Election of Directors
- TORONTO, April 07, 2021 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX: FSV) (NASDAQ: FSV) (“FirstService”) today announced that at its annual and special meeting of shareholders, held in Toronto yesterday, the eight director nominees listed in FirstService's management information circular dated February 19, 2021 (the “Circular”) were elected as directors of FirstService. Directors have been elected to serve until the close of the next annual meeting of shareholders. The detailed results of the vote are set out below.
- 04/07/2021
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15 Upcoming Dividend Increases Including 7 REITs
- All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. An average increase of 10.3% and a median increase of 8%.
- 03/26/2021
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FirstService Announces Information Regarding Upcoming Shareholders' Meeting
- TORONTO, March 25, 2021 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that it will hold its Annual and Special Meeting of Shareholders on Tuesday, April 6, 2021 at 4:00 p.m. (Toronto time).
- 03/25/2021
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FirstService Adds to California Closets Company-Owned Operations
- Acquires California Closets Minneapolis Acquires California Closets Minneapolis
- 03/09/2021
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Global Restoration Completes Two Acquisitions
- Adds Spectrum Restoration and Trilink Restoration Adds Spectrum Restoration and Trilink Restoration
- 03/04/2021
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Hennick & Company and RATIO Design Complete Strategic Partnership
- RATIO Leadership to Remain Significant Long-Term Equity Partners; Firm Poised for Sustained Growth and Success RATIO Leadership to Remain Significant Long-Term Equity Partners; Firm Poised for Sustained Growth and Success
- 02/23/2021
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FirstService's (FSV) CEO Scott Patterson on Q4 2020 Results - Earnings Call Transcript
- FirstService's (FSV) CEO Scott Patterson on Q4 2020 Results - Earnings Call Transcript
- 02/09/2021
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FirstService: Q4 Earnings Insights
- Shares of FirstService (NASDAQ:FSV) decreased 3.6% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share were up 54.55% over the past year to $1.02, which may not compare to the estimate of $0.25.
- 02/09/2021
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FirstService Reports Very Strong Fourth Quarter Results
- Strong Organic Growth Supported by Robust Restoration Activity
- 02/09/2021
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FirstService Declares 11% Increase to Quarterly Cash Dividend
- TORONTO, Feb. 08, 2021 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX: FSV; NASDAQ: FSV) ("FirstService") announced today that its Board of Directors has approved an 11% increase in the quarterly cash dividend on the outstanding Common Shares of the Company over the previous US$0.165 per Common Share and declared a quarterly dividend of US$0.1825 per Common Share. The dividend is payable on April 7, 2021 to holders of Common Shares of record at the close of business on March 31, 2021.
- 02/08/2021
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FirstService to Announce Fourth Quarter and Annual Results for 2020 on February 9, 2021
- TORONTO, Jan. 19, 2021 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that it will release its financial results for the fourth quarter ended December 31, 2020 by press release on Tuesday February 9, 2021 at approximately 7:30 am ET.
- 01/19/2021
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FirstService Residential Extends Market Leadership Position in New York City
- Acquires Midboro Management, LLC Acquires Midboro Management, LLC
- 01/14/2021
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7 Canadian Stocks That Are the Feather in America's Hat
- If you're looking for Canadian stocks that benefit from American commerce, you should consider a position in one of these seven excellent long-term investments. The post 7 Canadian Stocks That Are the Feather in America's Hat appeared first on InvestorPlace.
- 12/18/2020
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Century Fire Protection Broadens Geographic Footprint
- Acquires Aegis Fire Protection and Cornet, Inc. Acquires Aegis Fire Protection and Cornet, Inc.
- 12/09/2020
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FirstService Declares Quarterly Cash Dividend on Common Shares
- TORONTO, Dec. 02, 2020 (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$0.165 per Common Share. The dividend is payable on January 7, 2021 to holders of Common Shares of record at the close of business on December 31, 2020. The dividend on Common Shares is an "eligible dividend" for Canadian income tax purposes.
- 12/02/2020
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FirstService Corporation (FSV) CEO Scott Patterson on Q3 2020 Results - Earnings Call Transcript
- FirstService Corporation (FSV) CEO Scott Patterson on Q3 2020 Results - Earnings Call Transcript
- 10/28/2020
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FirstService Reports Strong Third Quarter Results
- Growth in Restoration Offsets Continued COVID-19 Headwinds Growth in Restoration Offsets Continued COVID-19 Headwinds
- 10/28/2020
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FirstService Announces Normal Course Issuer Bid
- TORONTO, Aug. 14, 2020 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that the Toronto Stock Exchange (the “TSX”) has accepted a notice filed by FirstService of its intention to make a normal course issuer bid (the “NCIB”) with respect to its outstanding common shares. The notice provides that FirstService may, during the 12 month period commencing August 26, 2020 and ending no later than August 25, 2021, purchase through the facilities of the TSX, alternative Canadian Trading Systems or The NASDAQ Stock Market (“NASDAQ”) up to 3,100,000 common shares in total, being 9.7% of the “public float” of common shares as of August 13, 2020. Purchases of common shares through NASDAQ will be made in the normal course and will not, during the 12 month period ending August 25, 2021 exceed, in the aggregate, 5% of the outstanding common shares as at the commencement of the NCIB. The price which FirstService will pay for any common shares will be the market price at the time of acquisition. During the period of this NCIB, FirstService may make purchases under the NCIB by means of open market transactions or otherwise as permitted by the TSX and/or NASDAQ. In the event that FirstService acquires common shares by other means as may be permitted by the TSX and/or NASDAQ, such as pre-arranged crosses, exempt offers and private agreements, the purchase price of the common shares may be different than the market price of same at the time of acquisition. The actual number of common shares which may be purchased pursuant to the NCIB and the timing of any such purchases will be determined by senior management of FirstService. The average daily trading volume from February 1 to July 31, 2020 was 66,605 common shares. Daily purchases under the NCIB will be limited to 16,651 common shares, other than block purchases. All shares purchased by FirstService under the NCIB will be cancelled.As of August 13, 2020, there were 43,466,716 common shares of FirstService outstanding, and the public float was 31,758,291 common shares.FirstService may purchase its common shares, from time to time, if it believes that the market price of its common shares is attractive and that the purchase would be an appropriate use of corporate funds and in the best interests of FirstService. FirstService may also purchase its common shares in order to mitigate the dilutive effect of stock options issued under its stock option plan.Pursuant to a previous notice of intention to conduct a NCIB, under which FirstService sought and received approval from the TSX to purchase up to 2,500,000 common shares for the period of August 26, 2019 to August 25, 2020, FirstService has not purchased for cancellation, as of August 13, 2020, any common shares. FirstService’s previous NCIB expires on August 25, 2020.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 franchise systems and company-owned operations.FirstService generates US$2.4 billion in annual revenues and has approximately 24,000 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”. More information is available at www.firstservice.com.Forward-Looking Statements This press release contains statements that constitute “forward-looking statements” within the meaning of applicable securities legislation, including, but not limited to, statements relating to future purchases of common shares under the NCIB. 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.Forward-looking statements are based on current information and expectations that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those anticipated. These risks include, but are not limited to, risks associated with the impact of the COVID-19 pandemic, FirstService’s financial condition and prospects; the stability of general economic and market conditions; currency exchange rates and interest rates; the availability of cash for repurchases of outstanding common shares under the NCIB; the existence of alternative uses for FirstService’s cash resources which may be superior to effecting repurchases under the NCIB; compliance by third parties with their contractual obligations; compliance with applicable laws and regulations pertaining to the NCIB; and other risks related to FirstService’s business, including those identified in FirstService’s annual information form for the year ended December 31, 2019 under the heading “Risk factors” (a copy of which may be obtained at www.sedar.com) and Annual Report on Form 40-F filed with the United States Securities and Exchange Commission (a copy of which may be obtained at www.sec.gov), and subsequent filings. Forward-looking statements contained in this press release are made as of the date hereof and are subject to change. All forward-looking statements in this press release are qualified by these cautionary statements. Unless otherwise required by applicable securities laws, we do not intend, nor do we undertake any obligation, to update or revise any forward-looking statements contained in this press release to reflect subsequent information, events, results or circumstances or otherwise.COMPANY CONTACTS:D. Scott Patterson CEO (416) 960-9566Jeremy Rakusin CFO (416) 960-9566
- 08/14/2020
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Green Brick Partners Earns Membership In 95-Plus Composite Rating Club
- Green Brick Partners saw its IBD SmartSelect Composite Rating jump to 97 Thursday, up from 94 the day before.
- 08/06/2020
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FirstService's Shares March Higher, Can It Continue?
- As of late, it has definitely been a great time to be an investor in FirstService.
- 07/29/2020
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FirstService Corporation (FSV) Q2 2020 Earnings Call Transcript
- Jeremy Rakusin is on the line with me today. There are a number of factors involved, and Jeremy and I will walk you through them. Organic revenue declined by 9% year-over-year, but this was more than offset by acquisition growth, primarily relating to Global Restoration and several tuck-unders over the last 12 months.
- 07/24/2020
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FirstService Corporation (FSV) CEO Scott Patterson on Q2 2020 Results - Earnings Call Transcript
- FirstService Corporation (NASDAQ:FSV) Q2 2020 Earnings Conference Call July 23, 2020 11:00 AM ET Company Participants Scott Patterson - President, CEO & Non-Independent Director Jeremy Rakusin - CFO Conference Call Participants George Doumet - Scotiabank Frederic Bastien - Raymond James Stephen MacLeod - BMO Capital Markets Stephen Sheldon - William Blair Stephanie Price - CIBC Daryl Young - TD Securities Marc Riddick - Sidoti Matt Logan - RBC Presentation Operator Welcome to the Second Quarter Investors Conference Call.
- 07/23/2020
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FirstService (FSV) Beats Q2 Earnings and Revenue Estimates
- FirstService (FSV) delivered earnings and revenue surprises of 177.42% and 14.29%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
- 07/23/2020
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FirstService: Q2 Earnings Insights
- Shares of FirstService (NASDAQ:FSV) were unchanged after the company reported Q2 results.Quarterly Results Earnings per share were down 23.21% year over year to $0.86, which may not compare to the estimate of $0.25.Revenue of $621,597,000 up by 8.31% year over year, which beat the estimate of $401,830,000.Guidance Earnings guidance hasn't been issued by the company for now.Revenue guidance hasn't been issued by the company for now.How To Listen To The Conference Call Date: Jul 23, 2020View more earnings on FSVTime: 11:00 AMET Webcast URL: https://www.firstservice.com/investors/upcoming_events.htmlRecent Stock Performance 52-week high: $114.87Company's 52-week low was at $57.38Price action over last quarter: Up 30.36%Company Profile FirstService Corp operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high-, medium-, and low-rise condominiums and co-operatives, and generates most of the company's revenue. FirstService Brands provides property services to residential and commercial customers through the following brands: California Closets; Paul Davis Restoration; CertPro Painters; Pillar to Post; Floor Coverings International; College Pro Painters; and Service America. The company earns the majority of its revenue in the United States, with the remaining revenue generated in Canada.See more from Benzinga * Earnings Scheduled For July 23, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/23/2020
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FirstService Reports Solid Second Quarter Operating Results
- Growth Tempered By COVID-19 Pandemic Operating highlights: Three months ended Six months ended June 30 June 30 2020 2019 2020 2019 Revenues (millions)$621.6 $573.9 $1,255.4 $1,059.6 Adjusted EBITDA (millions) (note 1) 71.2 65.0 115.1 94.2 Adjusted EPS (note 2) 0.86 1.12 1.23 1.45 GAAP Operating Earnings 44.9 (268.5)(1) 60.9 (255.5)(1) GAAP EPS 0.64 (7.48)(1) 0.77 (7.69)(1) (1) Includes $314.4 million settlement of long-term incentive arrangement with FirstService's Founder and Chairman. TORONTO, July 23, 2020 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX: FSV; NASDAQ: FSV) today reported results for its second quarter ended June 30, 2020. All amounts are in US dollars. Revenues for the second quarter were $621.6 million, an 8% increase relative to the same quarter in the prior year, Adjusted EBITDA (note 1) increased 10% to $71.2 million, and Adjusted EPS (note 2) was $0.86, versus $1.12 in the prior year quarter. During the second quarter, FirstService reported GAAP Operating Earnings of $44.9 million, versus an operating loss of $268.5 million in the prior year period, reflecting the 2019 settlement of the long-term incentive arrangement (“LTIA”) with its Founder and Chairman in the amount of $314.4 million. The GAAP earnings per share was $0.64 in the quarter, compared to a loss per share of $7.48 for the same quarter a year ago.For the six months ended June 30, 2020, revenues were $1.26 billion, an 18% increase relative to the comparable prior year period, Adjusted EBITDA was $115.1 million, up 22%, and Adjusted EPS was $1.23, versus $1.45 in the prior year period. FirstService’s GAAP Operating Earnings was $60.9 million in the current year period, versus an Operating Loss of $255.5 million in the prior year period. The GAAP earnings per share for the six months year-to-date was $0.77, compared to GAAP loss per share of $7.69 in the prior year period.“We are pleased to report a solid quarter in the face of significant COVID-19 headwinds. Our financial results exceeded expectations and highlight the resiliency and diversification of our business model,” said Scott Patterson, Chief Executive Officer of FirstService. “We maintain a positive yet cautious outlook for the remainder of the year as we navigate around the ongoing pandemic uncertainty,” 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 franchise systems and company-owned operations.FirstService generates US$2.4 billion in annual revenues and has approximately 24,000 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 under the symbol “FSV” and on the Toronto Stock Exchange under the symbol “FSV”. More information is available at www.firstservice.com.Segmented Quarterly Results FirstService Residential revenues were $338.2 million for the second quarter, down 9% versus the prior year quarter. The revenue decline was primarily attributable to client facility closures that negatively impacted the delivery of our amenity management services, stemming from the COVID-19 pandemic. Adjusted EBITDA for the quarter was $37.2 million, versus $39.2 million in the prior year period. GAAP Operating Earnings were $32.0 million, versus $32.3 million for the second quarter of last year. Margins expanded during the quarter from a combination of aggressive cost reduction initiatives and lower than expected decline in higher margin ancillary revenue.FirstService Brands revenues during the second quarter grew to $283.4 million, up 39% relative to the prior year period. The division recorded a 10% decline in revenues on an organic basis, which was more than offset by the contribution from the large Global Restoration transaction and other tuck-under acquisitions not reflected in last year’s second quarter. The decrease in organic revenue resulted from the various government-mandated “stay at home” measures which negatively impacted activity levels in our service lines tied to home improvement. Adjusted EBITDA for the second quarter was $35.8 million, versus $28.4 million in the prior year period. The year-over-year margin decline was principally driven by acquisition mix, with the addition of Global Restoration yielding lower margins than the overall division. GAAP Operating Earnings were $17.4 million, versus $20.7 million in the prior year quarter, with the decrease due to increased amortization of intangible assets arising from the Global Restoration transaction.Corporate costs, as presented in Adjusted EBITDA, were $1.9 million in the second quarter, relative to $2.6 million in the prior year period. On a GAAP basis, corporate costs for the quarter were $4.4 million, relative to $321.5 million in the prior year period, with the decrease primarily attributable to the settlement of the LTIA.Conference Call FirstService will be holding a conference call on Thursday, July 23, 2020 at 11:00 a.m. Eastern Time to discuss the quarter’s results. The numbers to use for this call are 1) toll-free 1-888-241-0551; or 2) for international callers, 647-427-3415. The call will be simultaneously webcast and can be accessed live or after the call at www.firstservice.com in the “Investors / Newsroom” section.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 implement its business strategy, including FirstService’s ability to acquire suitable acquisition candidates on acceptable terms and successfully integrate newly acquired businesses with its existing businesses; (iii) changes in or the failure to comply with government regulations; and (iv) other factors which are described in FirstService’s annual information form for the year ended December 31, 2019 under the heading “Risk factors” (a copy of which may be obtained at www.sedar.com) and Annual Report on Form 40-F filed with the United States Securities and Exchange Commission (a copy of which may be obtained at www.sec.gov), and subsequent filings (which factors are adopted herein). Forward-looking statements contained in this press release are made as of the date hereof and are subject to change. All forward-looking statements in this press release are qualified by these cautionary statements. Unless otherwise required by applicable securities laws, we do not intend, nor do we undertake any obligation, to update or revise any forward-looking statements contained in this press release to reflect subsequent information, events, results or circumstances or otherwise.Summary financial information is provided in this press release. This press release should be read in conjunction with the Company's consolidated financial statements and MD&A to be made available on SEDAR at www.sedar.com.Notes 1\. Reconciliation of net earnings to adjusted EBITDA:Adjusted EBITDA is defined as net earnings, adjusted to exclude: (i) income tax; (ii) other expense (income); (iii) interest expense; (iv) depreciation and amortization; (v) acquisition-related items; (vi) stock-based compensation expense; and (vii) settlement of the LTIA. We use adjusted EBITDA to evaluate our own operating performance and our ability to service debt, as well as an integral part of our planning and reporting systems. Additionally, we use this measure in conjunction with discounted cash flow models to determine the Company’s overall enterprise valuation and to evaluate acquisition targets. We present adjusted EBITDA as a supplemental measure because we believe such measure is useful to investors as a reasonable indicator of operating performance because of the low capital intensity of the Company’s service operations. We believe this measure is a financial metric used by many investors to compare companies, especially in the services industry. This measure is not a recognized measure of financial performance under GAAP in the United States, and should not be considered as a substitute for operating earnings, net earnings or cash flow from operating activities, as determined in accordance with GAAP. Our method of calculating adjusted EBITDA may differ from other issuers and accordingly, this measure may not be comparable to measures used by other issuers. A reconciliation of net earnings to adjusted EBITDA appears below.
- 07/23/2020
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What Kind Of Investors Own Most Of FirstService Corporation (TSE:FSV)?
- The big shareholder groups in FirstService Corporation (TSE:FSV) have power over the company. Generally speaking, as a...
- 07/17/2020
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Analysts Estimate FirstService (FSV) to Report a Decline in Earnings: What to Look Out for
- FirstService (FSV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/16/2020
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Argosy Investors Q2 2020 Letter
- Positive performance from a differentiated portfolio in a turbulent market. 44% cash position.
- 07/16/2020
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FirstService to Announce Second Quarter Results on July 23, 2020
- TORONTO, July 13, 2020 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that it will release its financial results for the second quarter ended June 30, 2020 by press release on Thursday July 23, 2020 at approximately 7:30 am ET. The conference call to review these financial results will take place at 11:00 am ET on Thursday July 23, 2020, and will be hosted by D. Scott Patterson, CEO, and Jeremy Rakusin, CFO. The numbers to use for this call are 1) toll-free 1-888-241-0551; or 2) for international callers, 647-427-3415. The conference call will also be accessible on our website at www.firstservice.com in the “Investors” section under the tab “Newsroom”.For anyone unable to listen to the scheduled call, the rebroadcast number will be 1-855-859-2056 with the conference ID number 1259979. The rebroadcast and archive recording of the conference call will be available at the above-noted web address for 90 days following the call. 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 franchise systems and company-owned operations.FirstService generates US$2.4 billion in annual revenues and has approximately 24,000 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". For the latest news from FirstService Corporation, visit Firstservice.com.COMPANY CONTACTS: D. Scott Patterson Chief Executive Officer (416) 960-9566Jeremy Rakusin Chief Financial Officer (416) 960-9566
- 07/13/2020
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Is FirstService Corporation (FSV) A Good Stock To Buy?
- The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. Now, we are […]
- 07/05/2020
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Dividend Challenger Highlights: Week Of July 5
- A weekly summary of dividend activity for Dividend Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates. Companies wi
- 07/05/2020
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Interstate Restoration Acquires Rolyn Companies, Expands Nationwide Disaster Recovery, Decontamination and Infection Control Services for Commercial and Healthcare Clients
- Interstate Restoration, one of the largest independent emergency response, decontamination, restoration and reconstruction services providers for commercial enterprises in North America, has acquired Rolyn, one of the largest privately-owned, full-service restoration companies in the United States. This acquisition expands Interstate's geographic reach and enhances its service capabilities by adding Rolyn's nine operations centers and more than 150 highly-skilled experienced employees to Interstate's North American operations.
- 07/02/2020
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FirstService Expands Large Loss And Commercial Restoration Platform
- FirstService Corporation (TSX and NASDAQ: FSV) announced today that its subsidiary, Global Restoration Holdings (“Global” or the “Company”), has acquired Rolyn Companies, Inc. (“Rolyn”), a leading commercial and large loss restoration services provider in the Mid-Atlantic region of the United States. FirstService generates $2.4 billion in annual revenues and has approximately 24,000 employees across North America.
- 07/02/2020
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Dividend Challenger Highlights: Week Of June 21
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FirstService Declares Quarterly Cash Dividend on Common Shares
- 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$0.165 per Common Share. The dividend is payable on July 7, 2020 to holders of Common Shares of record at the close of business on June 30, 2020.
- 06/17/2020
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FirstService Corporation Completes US$150 Million Private Placement of Common Shares
- FirstService Corporation (TSX: FSV; NASDAQ: FSV) (“FirstService”) is pleased to report that today it completed the sale, on a private placement basis, of a total of 1,797,359 common shares (the “Common Shares”) of FirstService, at a price of US$83.46 per share, to Durable Capital Partners LP (“Durable Capital”), for proceeds of approximately US$150 million (the “Private Placement”). In connection with the Private Placement, FirstService granted customary registration rights to Durable Capital for the future resale of the Common Shares purchased in the Private Placement.
- 05/22/2020
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The FirstService (TSE:FSV) Share Price Has Gained 41% And Shareholders Are Hoping For More
- While FirstService Corporation (TSE:FSV) shareholders are probably generally happy, the stock hasn't had particularly...
- 05/11/2020
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Comparing FirstService (NASDAQ:FSV) & Tejon Ranch (NASDAQ:TRC)
- FirstService (NASDAQ:FSV) and Tejon Ranch (NYSE:TRC) are both finance companies, but which is the superior business? We will contrast the two businesses based on the strength of their institutional ownership, analyst recommendations, profitability, valuation, earnings, dividends and risk. Volatility and Risk FirstService has a beta of 0.94, indicating that its stock price is 6% less […]
- 04/30/2020
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Royce Value Trust (NYSE: RVT) as of Mar 31, 2020
- Oldest and largest small-cap closed-end fund
- 04/27/2020
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's Top Upgrades, Downgrades For April 24, 2020
- Upgrades
For Host Hotels & Resorts Inc (NYSE: HST), BTIG upgraded the stock from Neutral to Buy. Host Hotels & Resorts earned $0.33 in the fourth quarter,...
- 04/24/2020
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Edited Transcript of FSV.TO earnings conference call or presentation 23-Apr-20 3:00pm GMT
- Q1 2020 FirstService Corp Earnings Call
- 04/24/2020
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FirstService (FSV) Q1 Earnings Surpass Estimates
- FirstService (FSV) delivered earnings and revenue surprises of 2.78% and -0.93%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
- 04/23/2020
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FirstService Corp. to Host Earnings Call
- NEW YORK, NY / ACCESSWIRE / April 23, 2020 / FirstService Corp. (NASDAQ:FSV) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on April 23, 2020 at 11:00 AM ...
- 04/23/2020
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FirstService Reports First Quarter Results and COVID-19 Update
- Solid Organic Growth and Global Restoration Acquisition Drive Strong Q1 PerformanceMild COVID-19 Impact Absorbed in First QuarterExpected Adverse Impact to Second Quarter.
- 04/23/2020
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FirstService (FSV) Earnings Expected to Grow: Should You Buy?
- FirstService (FSV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/16/2020
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Liberty All-Star Growth Fund, Inc. March 2020 Monthly Update
- Below is the March 2020 Monthly Update for the Liberty All-Star Growth Fund, Inc. (NYSE: ASG)
- 04/15/2020
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FirstService to Announce First Quarter Results on April 23, 2020
- TORONTO, April 09, 2020 -- FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that it will release its financial results for the first quarter.
- 04/09/2020
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FirstService Announces Election of Directors
- TORONTO, April 09, 2020 -- FirstService Corporation (TSX: FSV) (NASDAQ: FSV) (“FirstService”) today announced that at its annual meeting of shareholders, held in Toronto.
- 04/09/2020
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Dividend Challenger Highlights: Week Of April 5
- A weekly summary of dividend activity for Dividend Challengers. Companies which declared increased dividends. Companies with upcoming ex-dividend dates. Compani
- 04/04/2020
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FIRSTSERVICE ANNOUNCES INFORMATION REGARDING UPCOMING SHAREHOLDERS’ MEETING
- TORONTO, March 31, 2020 -- FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that it will hold its Annual Meeting of Shareholders on Wednesday,.
- 03/31/2020
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Royce Value Trust (NYSE: RVT) as of Feb 29, 2020
- Oldest and largest small-cap closed-end fund
- 03/30/2020
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Hedge Funds Were Buying ICU Medical, Inc. (ICUI) Before The Coronavirus
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 03/27/2020
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Hedge Funds Have Never Been This Bullish On Wright Medical Group N.V. (WMGI)
- Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
- 03/27/2020
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Hedge Funds Have Never Been This Bullish On Schneider National, Inc. (SNDR)
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 03/27/2020
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Hedge Funds Have Never Been This Bullish On New Relic Inc (NEWR)
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 03/27/2020
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Hedge Funds Were Dumping FirstService Corporation (FSV) Before The Coronavirus
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 03/27/2020
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21 Upcoming Dividend Increases
- All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. 21 increases for next week (up from 3 last
- 03/26/2020
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Insider Buying: The FirstService Corporation (TSE:FSV) Independent Director Just Bought US$862k Worth Of Shares
- Those following along with FirstService Corporation (TSE:FSV) will no doubt be intrigued by the recent purchase of...
- 03/26/2020
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Dividend Challenger Highlights: Week Of March 22
- A weekly summary of dividend activity for Dividend Challengers. Companies which declared increased dividends. Companies with upcoming ex-dividend dates. Compani
- 03/21/2020
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Liberty All-Star Growth Fund, Inc. February 2020 Monthly Update
- Below is the February 2020 Monthly Update for the Liberty All-Star Growth Fund, Inc. (NYSE: ASG)
- 03/13/2020
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How Should Investors Feel About FirstService Corporation's (TSE:FSV) CEO Pay?
- D. Patterson has been the CEO of FirstService Corporation (TSE:FSV) since 2015. This analysis aims first to contrast...
- 03/10/2020
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Royce Value Trust (NYSE: RVT) as of Jan 31, 2020
- Oldest and largest small-cap closed-end fund
- 02/26/2020
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Liberty All-Star Growth Fund, Inc. January 2020 Monthly Update
- Below is the January 2020 Monthly Update for the Liberty All-Star Growth Fund, Inc. (NYSE: ASG)
- 02/14/2020
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Dividend Increases: February 1-7, 2020 (Part 2)
- This article series provides a weekly summary of dividend increase announcements. A summary table provides relevant data and key statistics. Part 2 covers the D
- 02/10/2020
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Argosy Investors Q4 2019 Letter
- 20.6% performance; 46% of account in cash. Discussion of PINS, MOD, TRRSF, FSV. Open for new investment.
- 02/06/2020
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FirstService Reports Strong Fourth Quarter Results
- Strong Organic Growth and Acquisition Activity Drive Revenue and Profitability Operating highlights: Three months ended Year ended December 31 December.
- 02/05/2020
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FirstService Declares 10% Increase to Quarterly Cash Dividend
- FirstService Corporation (TSX: FSV; NASDAQ: FSV) ("FirstService") announced today that its Board of Directors has approved a 10% increase in the quarterly cash dividend on the outstanding Common Shares of the Company over the previous US$0.15 per Common Share and declared a quarterly dividend of US$0.165 per Common Share. The dividend is payable on April 7, 2020 to holders of Common Shares of record at the close of business on March 31, 2020.
- 02/04/2020
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10 of the Top Franchise Stocks to Buy Now
- Entrepreneur magazine’s 2020 Franchise 500 was released in mid-January. Here are the 10 franchise stocks to buy now.
- 01/30/2020
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Zacks.com featured highlights include: Carrols, Braskem, FirstService and CryoLife
- Zacks.com featured highlights include: Carrols, Braskem, FirstService and CryoLife
- 01/17/2020
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Zacks.com featured highlights include: Carrols, Braskem, FirstService and CryoLife
- Zacks.com featured highlights include: Carrols, Braskem, FirstService and CryoLife
- 01/17/2020
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What You Must Know About FirstService Corporation's (TSE:FSV) Beta Value
- Anyone researching FirstService Corporation (TSE:FSV) might want to consider the historical volatility of the share...
- 01/17/2020
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Firstservice Sees Its Composite Rating Rise To 97
- Firstservice saw an improvement in its IBD SmartSelect Composite Rating Thursday, from 93 to 97. The new score means the company is now outperforming 97% of all stocks in terms of the most important fundamental and technical stock-picking criteria.
- 01/16/2020
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5 Toxic Stocks to Disown or Play Short to Book Profits
- Figuring out bloated toxic stocks on a regular basis and discarding them at the right time is the key to successful investing.
- 01/16/2020
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5 Toxic Stocks to Disown or Play Short to Book Profits
- Figuring out bloated toxic stocks on a regular basis and discarding them at the right time is the key to successful investing.
- 01/16/2020
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FirstService to Announce Fourth Quarter and Annual Results for 2019 on February 5, 2020
- TORONTO, Jan. 14, 2020 -- FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that it will release its financial results for the fourth quarter.
- 01/14/2020
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FirstService Corporation (FSV): Are Hedge Funds Right About This Stock?
- Hedge funds and large money managers usually invest with a focus on the long-term horizon and, therefore, short-lived dips or bumps on the charts, usually don't make them change their opinion towards a company. This time it may be different. During the fourth quarter of 2018 we observed increased volatility and a 20% drop in […]
- 12/13/2019
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FirstService Corporation Completes US$200 Million Bought Deal Public Offering of Common Shares
- TORONTO, Dec. 13, 2019 -- FirstService Corporation (TSX: FSV; NASDAQ: FSV) (“FirstService”) is pleased to report that it has closed its previously announced bought deal public.
- 12/13/2019
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When Should You Buy FirstService Corporation (TSE:FSV)?
- FirstService Corporation (TSE:FSV), which is in the real estate business, and is based in Canada, saw significant...
- 12/10/2019
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