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 |
No. 1 Flooring Franchise in North America Enhances Leadership Bench with Seasoned Franchise Development Experts ATLANTA, April 16, 2025 /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, bolsters its leadership team with a new hire and internal promotions. FCI welcomes Hayden Shaw as Director of Franchise Development, and promotes Albert Hermans to Chief Development Officer, Grant Carter to Divisional Vice President – Startup, Katie Pynnonen to Senior Director of Brand Marketing, and Joe Benincasa to Divisional Senior Director of Operation
TORONTO, April 02, 2025 (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 12, 2025 (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 Bissada29,196,77598.814%350,561 1.186%Elizabeth Carducci29,196,98198.814%350,355 1.186%Steve H. Grimshaw27,419,07092
Annual Meeting of Shareholders on April 2, 2025 Release of First Quarter 2025 Results on April 24, 2025 TORONTO, March 12, 2025 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ:FSV) ("FirstService") announced today that it will hold its Annual Meeting of Shareholders on Wednesday, April 2, 2025 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 meetings.lumiconnect.com/400-964-924-218. Shareholders wishing to attend the virtual general meeting must log in via the LUMI AGM platfo
TORONTO, Feb. 26, 2025 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX:FSV, NASDAQ:FSV) ("FirstService") announced today that it has expanded and extended its unsecured revolving credit facility (the "Credit Facility") for a new five-year term maturing in February 2030, replacing the prior facility which was set to expire in February 2027. Under the amended Credit Facility, borrowing capacity has been increased to US$1.75 billion up from the previous US$1.25 billion and, at any time during the term, FirstService also has the right to increase the Credit Facility by up to an additional US$250 million on the same terms and conditions as the original Credit Facility. The Credit Facility wil
Floor Coverings International Servicing Vancouver, Washington and Portland, Oregon Owners Recognized for Excellence in Business, a Commitment to Community, and Providing Opportunities for OthersNo. 1 Flooring Franchise Recognized by The International Franchise Association (IFA), the World's Oldest and Largest Franchise AssociationHusband-Wife Duo Toby and Amy honored Alongside Peers in Franchising at the 65th IFA Annual Convention in Las VegasATLANTA, Feb. 18, 2025 /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, announces Toby and Amy T
Operating highlights: Three months ended Year ended December 31 December 31 2024 2023 2024 2023 Revenues (millions)$1,365.3 $1,079.3 $5,216.9 $4,334.5Adjusted EBITDA (millions) (note 1) 137.9 103.3 513.7 415.7Adjusted EPS (note 2) 1.34 1.11 5.00 4.66 GAAP Operating Earnings 89.6 48.1 337.5 244.9GAAP EPS 0.71 0.14 2.97 2.24 TORONTO, Feb. 05, 2025 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX:FSV, NASDAQ:FSV) today announced strong fourth quarter and full year results for the year ended December 31, 2024. All amounts are in US dollars. Consolidated revenues for the fourth quarter were $1.37 billion, a 27% increase relative to the same
TORONTO, Feb. 04, 2025 (GLOBE NEWSWIRE) -- 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 and declared a quarterly dividend of US$0.275 per Common Share, up from the previous US$0.25 per Common Share. The dividend is payable on April 7, 2025 to holders of Common Shares of record at the close of business on March 31, 2025. The Company's dividend will be US$1.10 on an annualized basis, up from US$1.00 during the past year. This distribution represents our tenth consecutive year of at least 10% annual dividend growth, reflecti
TORONTO, Jan. 14, 2025 (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, 2024 by press release on Wednesday, February 5, 2025 at approximately 7:30 am ET. The conference call to review these financial results will take place at 11:00 am ET on Wednesday, February 5, 2025, 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/BIc0caa93df85548909c3b68b8c526df66 to receive the dial-i
Acquisition significantly bolsters The Amenity Collective's fitness and recreation division, enhancing capabilities and market reach The Amenity Collective, North America's leader in full-service facilities management across the fitness, aquatics, and recreation industries, is pleased to announce the strategic acquisition of Advantage Sport & Fitness Inc., a premier fitness equipment distributor and facility design provider in the United States. As part of the acquisition, Advantage Sport & Fitness Inc. will be partnered with LIVunLtd, creating North America's largest distributor and servicer of fitness equipment, expanding its reach in new and existing markets. "We're dedicated to buil
TORONTO, Dec. 05, 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 January 7, 2025 to holders of Common Shares of record at the close of business on December 31, 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
Annual Meeting of Shareholders on April 2, 2025 Release of First Quarter 2025 Results on April 24, 2025 TORONTO, March 12, 2025 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ:FSV) ("FirstService") announced today that it will hold its Annual Meeting of Shareholders on Wednesday, April 2, 2025 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 meetings.lumiconnect.com/400-964-924-218. Shareholders wishing to attend the virtual general meeting must log in via the LUMI AGM platfo
Operating highlights: Three months ended Year ended December 31 December 31 2024 2023 2024 2023 Revenues (millions)$1,365.3 $1,079.3 $5,216.9 $4,334.5Adjusted EBITDA (millions) (note 1) 137.9 103.3 513.7 415.7Adjusted EPS (note 2) 1.34 1.11 5.00 4.66 GAAP Operating Earnings 89.6 48.1 337.5 244.9GAAP EPS 0.71 0.14 2.97 2.24 TORONTO, Feb. 05, 2025 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX:FSV, NASDAQ:FSV) today announced strong fourth quarter and full year results for the year ended December 31, 2024. All amounts are in US dollars. Consolidated revenues for the fourth quarter were $1.37 billion, a 27% increase relative to the same
TORONTO, Feb. 04, 2025 (GLOBE NEWSWIRE) -- 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 and declared a quarterly dividend of US$0.275 per Common Share, up from the previous US$0.25 per Common Share. The dividend is payable on April 7, 2025 to holders of Common Shares of record at the close of business on March 31, 2025. The Company's dividend will be US$1.10 on an annualized basis, up from US$1.00 during the past year. This distribution represents our tenth consecutive year of at least 10% annual dividend growth, reflecti
TORONTO, Jan. 14, 2025 (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, 2024 by press release on Wednesday, February 5, 2025 at approximately 7:30 am ET. The conference call to review these financial results will take place at 11:00 am ET on Wednesday, February 5, 2025, 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/BIc0caa93df85548909c3b68b8c526df66 to receive the dial-i
Acquisition significantly bolsters The Amenity Collective's fitness and recreation division, enhancing capabilities and market reach The Amenity Collective, North America's leader in full-service facilities management across the fitness, aquatics, and recreation industries, is pleased to announce the strategic acquisition of Advantage Sport & Fitness Inc., a premier fitness equipment distributor and facility design provider in the United States. As part of the acquisition, Advantage Sport & Fitness Inc. will be partnered with LIVunLtd, creating North America's largest distributor and servicer of fitness equipment, expanding its reach in new and existing markets. "We're dedicated to buil
TORONTO, Dec. 05, 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 January 7, 2025 to holders of Common Shares of record at the close of business on December 31, 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 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
TORONTO, April 02, 2025 (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 12, 2025 (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 Bissada29,196,77598.814%350,561 1.186%Elizabeth Carducci29,196,98198.814%350,355 1.186%Steve H. Grimshaw27,419,07092
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
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
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