FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. The company operates in two segments, FirstService Residential and FirstService Brands. The FirstService Residential segment offers property management services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments. This segment also provides a range of ancillary services, including on-site staffing for building engineering and maintenance, full-service swimming pool and amenity management, and security and concierge/front desk; and financial services comprising cash management, other banking transaction-related, and specialized property insurance brokerage. In addition, this segment offers energy management solutions and advisory services, and resale processing services. The FirstService Brands segment provides property services through 5 franchise networks; and company-owned locations, including 19 California Closets and 11 Paul Davis Restoration locations. It provides residential and commercial restoration, painting, and floor coverings design and installation services; custom-designed and installed closet, and home storage solutions; home inspection services; and fire protection and related services. This segment offers its services primarily under the Paul Davis Restoration, Interstate Restoration, FirstOnSite Restoration, Century Fire Protection, CertaPro Painters, California Closets, Pillar to Post Home Inspectors, and Floor Coverings International brand names. FirstService Corporation was founded in 1989 and is headquartered in Toronto, Canada.
IPO Year:
Exchange: NASDAQ
Website: firstservice.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/11/2024 | $170.00 | Sector Perform | Scotiabank |
| 6/30/2023 | $166.00 → $176.00 | Market Perform → Outperform | BMO Capital Markets |
| 4/27/2023 | $150.00 → $170.00 | Hold → Buy | TD Securities |
| 4/19/2023 | $165.00 | Outperform | RBC Capital Mkts |
| 9/27/2022 | $148.00 → $135.00 | Sector Outperform | Scotiabank |
| 3/30/2022 | $143.00 | Hold | Deutsche Bank |
| 1/24/2022 | $195.00 → $200.00 | Market Perform → Outperform | Raymond James |
Operating highlights: Three months ended Nine months ended September 30 September 30 2024 2023 2024 2023 Revenues (millions)$1,396.0 $1,117.1 $3,851.5 $3,255.3 Adjusted EBITDA (millions) (note 1) 160.0 111.9 375.8 312.4 Adjusted EPS (note 2) 1.63 1.25 3.66 3.56 GAAP Operating Earnings 125.9 73.6 247.9 196.8 GAAP EPS 1.34 0.73 2.26 2.10 TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX:FSV, NASDAQ:FSV) today reported strong results for its third quarter ended September 30, 2024. All amounts are in US dollars. Consolidated revenues for the third quarter were $1.40 billion, a 25% increase relative to the same
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. First Onsite's new team is led by 25-year restoration veterans Gary Grout and Jason Green. Most recently, Gary was the President and Jason was the Director of Operations of Complete Restoration Solutions (CRS), a full-service restoration company headquartered in Springfield, MA. Before CRS, Gary's experience included traveli
TORONTO, Oct. 03, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (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. The conference call to review these financial results will take place at 11:00 am ET on Thursday, October 24, 2024, and will be hosted by D. Scott Patterson, CEO, and Jeremy Rakusin, CFO. This call is being webcast live at the Company's website at www.firstservice.com. Participants may register for the call here https://register.vevent.com/register/BI4fa84b993e5545c3ad11aa7ddb7c3035 to receive the dial-in number a
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. First Onsite is partnering with FireTech Inc, on September 30 to present a live training burn at Stephenson Fairgrounds in Freeport, Il. The Freeport Fire Department will assist and train as a part of the event. Photo Credit: FireTech IncGREENWOOD VILLAGE, Colo., Sept. 23, 2024 (GLOBE NEWSWIRE) -- First Onsite Property Restoration (First Onsite), one of North America's largest disaster recovery and restoration providers for commercial enterprises, is co-hosting a Live Burn and Educati
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. About FirstService CorporationFirstService Corporation is a North American leader in the property services sector, serving its customers through two industry-leading service platforms: FirstService Residential, North America'
TORONTO, Aug. 21, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (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, 2024 and ending no later than August 25, 2025, purchase through the facilities of the TSX, alternative Canadian Trading Systems and/or The NASDAQ Stock Market ("NASDAQ") up to 1,600,000 common shares in total, being 4.0% of the "public float" of common shares as of August 12, 2024. The pric
No. 1 Flooring Franchise Adds Layers of Support with Strategic Hires Boasting Decades of Collective ExperienceNew Customer Experience-Centric Website Driving Unit Level Economics Responsible Franchise Growth Reflective of 40 Openings and 40 Signings at Mid-Year MarkATLANTA, July 30, 2024 /PRNewswire/ -- Floor Coverings International® (FCI), the No. 1 flooring franchise in North America, known for its locally owned Mobile Flooring Showrooms® and knowledgeable teams of trusted professionals, is doubling down on its all-time high performance with the strategic hires of six new support team members to further drive franchisee profitability.
TORONTO, July 30, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (NASDAQ:FSV) ("FirstService") announced today that its subsidiary, Century Fire Protection ("Century"), has recently acquired Citadel Fire Sprinkler, Inc. ("Citadel") and Sentry Fire Protection Co., Inc. ("Sentry"). The existing management teams of both businesses have retained minority equity interests and will continue to oversee their respective day-to-day operations. Terms of the two transactions were not disclosed. Citadel, founded in 2013 and headquartered in Birmingham, Alabama, provides fire sprinkler design and installation services to a broad range of commercial and industrial clients in Alabama, Tennessee and M
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. Consolidated revenues for the second quarter were $1.30 billion, a 16% increase relative to the same quarter in the prior
TORONTO, July 09, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (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. The conference call to review these financial results will take place at 11:00 am ET on Thursday, July 25, 2024, and will be hosted by D. Scott Patterson, CEO, and Jeremy Rakusin, CFO. This call is being webcast live at the Company's website at www.firstservice.com. Participants may register for the call here https://register.vevent.com/register/BI3340c2e12de24175a540beba39003a0e to receive the dial-in number and their
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FirstService (NASDAQ:FSV) reported quarterly earnings of $1.36 per share which beat the analyst consensus estimate of $1.29 by 5.43 percent. The company reported quarterly sales of $1.298 billion which beat the analyst consensus estimate of $1.281 billion by 1.30 percent. This is a 16.00 percent increase over sales of $1.119 billion the same period last year.
Scotiabank analyst Himanshu Gupta maintains FirstService (NASDAQ:FSV) with a Sector Perform and raises the price target from $170 to $175.
BMO Capital analyst Stephen MacLeod maintains FirstService (NASDAQ:FSV) with a Outperform and raises the price target from $193 to $196.
The existing management teams of both businesses have retained minority equity interests and will continue to oversee their respective day-to-day operations.
FirstService (NASDAQ:FSV) reported quarterly earnings of $0.67 per share which missed the analyst consensus estimate of $0.73 by 8.22 percent. The company reported quarterly sales of $1.158 billion which beat the analyst consensus estimate of $1.124 billion by 3.02 percent. This is a 13.75 percent increase over sales of $1.018 billion the same period last year.
Scotiabank analyst Himanshu Gupta downgrades FirstService (NASDAQ:FSV) from Sector Outperform to Sector Perform and raises the price target from $166 to $170.
Scotiabank analyst Michael Doumet maintains FirstService (NASDAQ:FSV) with a Sector Outperform and raises the price target from $165 to $166.
RBC Capital analyst Tom Callaghan reiterates FirstService (NASDAQ:FSV) with a Outperform and maintains $187 price target.
Scotiabank resumed coverage of FirstService with a rating of Sector Perform and set a new price target of $170.00
BMO Capital Markets upgraded FirstService from Market Perform to Outperform and set a new price target of $176.00 from $166.00 previously
TD Securities upgraded FirstService from Hold to Buy and set a new price target of $170.00 from $150.00 previously
RBC Capital Mkts initiated coverage of FirstService with a rating of Outperform and set a new price target of $165.00
Scotiabank resumed coverage of FirstService with a rating of Sector Outperform and set a new price target of $135.00 from $148.00 previously
Deutsche Bank initiated coverage of FirstService with a rating of Hold and set a new price target of $143.00
Raymond James upgraded FirstService from Market Perform to Outperform and set a new price target of $200.00 from $195.00 previously
TD Securities downgraded FirstService from Buy to Hold and set a new price target of $180.00 from $175.00 previously
RBC Capital reiterated coverage of FirstService with a rating of Sector Perform and set a new price target of $190.00 from $160.00 previously
CIBC downgraded FirstService from Sector Outperform to Neutral and set a new price target of $180.00 from $161.00 previously
Operating highlights: Three months ended Nine months ended September 30 September 30 2024 2023 2024 2023 Revenues (millions)$1,396.0 $1,117.1 $3,851.5 $3,255.3 Adjusted EBITDA (millions) (note 1) 160.0 111.9 375.8 312.4 Adjusted EPS (note 2) 1.63 1.25 3.66 3.56 GAAP Operating Earnings 125.9 73.6 247.9 196.8 GAAP EPS 1.34 0.73 2.26 2.10 TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX:FSV, NASDAQ:FSV) today reported strong results for its third quarter ended September 30, 2024. All amounts are in US dollars. Consolidated revenues for the third quarter were $1.40 billion, a 25% increase relative to the same
TORONTO, Oct. 03, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (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. The conference call to review these financial results will take place at 11:00 am ET on Thursday, October 24, 2024, and will be hosted by D. Scott Patterson, CEO, and Jeremy Rakusin, CFO. This call is being webcast live at the Company's website at www.firstservice.com. Participants may register for the call here https://register.vevent.com/register/BI4fa84b993e5545c3ad11aa7ddb7c3035 to receive the dial-in number a
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. About FirstService CorporationFirstService Corporation is a North American leader in the property services sector, serving its customers through two industry-leading service platforms: FirstService Residential, North America'
TORONTO, July 30, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (NASDAQ:FSV) ("FirstService") announced today that its subsidiary, Century Fire Protection ("Century"), has recently acquired Citadel Fire Sprinkler, Inc. ("Citadel") and Sentry Fire Protection Co., Inc. ("Sentry"). The existing management teams of both businesses have retained minority equity interests and will continue to oversee their respective day-to-day operations. Terms of the two transactions were not disclosed. Citadel, founded in 2013 and headquartered in Birmingham, Alabama, provides fire sprinkler design and installation services to a broad range of commercial and industrial clients in Alabama, Tennessee and M
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. Consolidated revenues for the second quarter were $1.30 billion, a 16% increase relative to the same quarter in the prior
TORONTO, July 09, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (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. The conference call to review these financial results will take place at 11:00 am ET on Thursday, July 25, 2024, and will be hosted by D. Scott Patterson, CEO, and Jeremy Rakusin, CFO. This call is being webcast live at the Company's website at www.firstservice.com. Participants may register for the call here https://register.vevent.com/register/BI3340c2e12de24175a540beba39003a0e to receive the dial-in number and their
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. About FirstService CorporationFirstService 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
Operating highlights: Three months ended March 31 2024 2023 Revenues (millions)$1,158.0 $1,018.4Adjusted EBITDA (millions) (note 1) 83.4 82.1Adjusted EPS (note 2) 0.67 0.85 GAAP Operating Earnings (millions) 38.1 41.0GAAP 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. Consolidated revenues for the first quarter were $1.16 billion, up 14% relative to the same quarter in the prior year. Adjusted EBITDA (note 1) increased 2% to $83.4 million, and Adjusted EPS (note 2) was $0.67, compared t
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 (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. Shareholders wishing to attend the virtual general meeting must log in via the LUMI AGM platform link abo
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. Consolidated revenues for the fourth
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. NomineeVotes For% Votes ForVotes Withheld% VotesWithheldYousry Bissada24,560,38097.801%552,2412.199%Elizabeth Carducci24,541,23697.725%571,3852.275%Steve H. Grimshaw23,563,70393.832
TORONTO, April 06, 2023 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX:FSV) (NASDAQ:FSV) ("FirstService") today announced that at its annual and special meeting of shareholders, held virtually earlier today, the eight director nominees listed in FirstService's management information circular dated February 27, 2023 (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. NomineeVotes For% Votes ForVotes Withheld% Votes WithheldYousry Bissada34,129,82390.31%3,662,4859.69%Elizabeth Carducci37,753,98499.90%38,3240.10%Steve H. Grimshaw34,093
TORONTO, July 14, 2022 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX:FSV, NASDAQ:FSV) today announced the appointment of Elizabeth Carducci to its Board of Directors. The addition of Ms. Carducci expands the Board to nine directors, eight of whom are independent directors. Ms. Carducci brings relevant and deep domain expertise to FirstService, particularly centered around her visionary leadership working with technology-driven organizations in the areas of customer and employee experience. She is currently an advisor and investor in early stage companies, having recently retired from a 21-year career at Medallia, a leading software company in the customer experience space. As a member
TORONTO, April 07, 2022 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX:FSV) (NASDAQ:FSV) ("FirstService") today announced that at its annual meeting of shareholders, held in Toronto yesterday, the eight director nominees listed in FirstService's management information circular dated February 25, 2022 (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. NomineeVotes For% Votes ForVotes Withheld% Votes WithheldYousry Bissada25,902,76385.443%4,413,07214.557%Bernard I. Ghert29,472,45697.218%843,379 2.782%Steve H. Grimshaw30,031,68999.063
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. Mr. Grimshaw brings extensive experience to FirstService, particularly centered around his stewardship of leading service-based businesses. Mr. Grimshaw is currently the full-time Executive Chairman of Caliber, Inc., one of the largest automotive service companies in the U.S. Mr. Grimshaw initially joined Caliber as CEO in 2009, and has overseen the significant growth of the business from 68 locations in two states gene
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. NomineeVotes For% Votes ForVotes Withheld% Votes WithheldBrendan Calder27,592,72992.302%2,301,089 7.698%Bernard I. Ghert29,732,72499.461% 161,094 0.539%Jay S. Hen
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. About FirstService CorporationFirstService Corporation is a North American leader in the essential outsourced property services sector, serving its customers through two industry-leading service platforms: FirstService Resid