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FirstService Corp - FSV STOCK NEWS

Welcome to our dedicated news page for FirstService (Ticker: FSV), a resource for investors and traders seeking the latest updates and insights on FirstService.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect FirstService's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of FirstService's position in the market.

News
FirstService Reports First Quarter Results
Rhea-AI Summary
FirstService reported double-digit revenue growth across both divisions in the first quarter of 2024. Consolidated revenues reached $1.16 billion, up 14% from the prior year. Adjusted EBITDA increased to $83.4 million, while Adjusted EPS was $0.67. Operating Earnings were $38.1 million, with GAAP EPS at $0.14. The company remains optimistic about meeting its performance targets for the year.
Rhea-AI Impact
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earnings
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News
First Onsite Restoration Enhances Geographic Footprint in Growing Southeast U.S. Region
Rhea-AI Summary
FirstService 's subsidiary, First Onsite Property Restoration, acquires All Restoration Solutions, , a leading provider of commercial property restoration services in Georgia and South Carolina. The acquisition strengthens First Onsite's market position in the Southeast U.S. with a focus on the Atlanta metropolitan area.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.08%
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News
FirstService Announces Election of Directors
Rhea-AI Summary
FirstService (FSV) announces the election of eight director nominees at the annual meeting of shareholders. The detailed voting results are provided, along with the approval of the auditor and executive compensation resolution.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.64%
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none
News
FirstService Corporation Announces Upcoming Meeting and Financial Reporting Dates
Rhea-AI Summary
FirstService (TSX and NASDAQ: FSV) announced its Annual Meeting of Shareholders on April 3, 2024, and the release of its First Quarter 2024 Results on April 24, 2024. Shareholders can access the meeting via webcast and view financial results on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.78%
Tags
earnings
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News
FirstService Residential Further Enhances Market Leadership Position in Florida
Rhea-AI Summary
FirstService Corporation acquires a controlling interest in Rizzetta & Company, a leading provider of consulting and property management services in Florida. The founder, William Rizzetta, retains a significant equity stake and continues to lead the operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.49%
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News
FirstService Reports Fourth Quarter and Full Year Results
Rhea-AI Summary
FirstService Corporation (FSV) announced its fourth quarter and full-year results for the year ended December 31, 2023. Consolidated revenues for the fourth quarter were $1.08 billion, a 6% increase relative to the same quarter in the prior year. Adjusted EBITDA was $103.3 million, up 1%, and Adjusted EPS was $1.11. For the full year, consolidated revenues were $4.33 billion, a 16% increase relative to the prior year, including 10% organic growth. Adjusted EBITDA was $415.7 million, up 18%, and Adjusted EPS was $4.66. Operating Earnings for the year were $244.9 million, versus $219.0 million in the prior year period. Diluted earnings per share was $2.24, compared to $2.72 in the prior year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.36%
Tags
earnings
News
FirstService Declares 11% Increase To Quarterly Cash Dividend
Rhea-AI Summary
FirstService Corporation (FSV) has announced an 11% increase in the quarterly cash dividend on its Common Shares, raising it to US$0.25 per share and US$1.00 on an annualized basis. The dividend growth has exceeded 10% annually, reflecting the company's strong free cash flow and growth-focused business model. The dividend is payable on April 5, 2024, to shareholders of record on March 29, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.49%
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dividends
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News
FirstService Adds Restoration Tuck-Under Acquisitions
Rhea-AI Summary
FirstService Corporation (TSX and NASDAQ: FSV) announced the completion of three restoration tuck-under acquisitions. First Onsite Restoration acquired Dayton, Ohio-based DryPatrol LLC, a leading provider of commercial restoration services in Dayton. Paul Davis Restoration added to its company-owned platform by acquiring two existing franchised operations in Denver, Colorado and southern Idaho. These acquisitions demonstrate FirstService's commitment to investing in key markets susceptible to weather-related property and large loss claims.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.04%
Tags
acquisition
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News
FirstService to Announce Fourth Quarter and Annual Results for 2023 on February 6, 2024
Rhea-AI Summary
FirstService Corporation (TSX and NASDAQ: FSV) will release its financial results for the fourth quarter ended December 31, 2023 by press release on February 6, 2024 at approximately 7:30 am ET. The conference call to review these financial results will take place at 11:00 am ET on the same day, hosted by D. Scott Patterson, CEO, and Jeremy Rakusin, CFO. The call will be webcast live on the Company’s website at www.firstservice.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.29%
Tags
earnings
News
Soundcore Capital Partners Announces Sale of Roofing Corporation of America
Rhea-AI Summary
Soundcore Capital Partners (SCPE) completes the sale of Roofing Corporation of America, LLC to FirstService Corporation (FSV). During Soundcore's holding period, Roofing Corp.'s revenue and EBITDA increased by more than tenfold. The transaction closed on December 15, 2023. Financial terms were not disclosed.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.45%
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Stock FSV logo
FirstService Corp

Nasdaq:FSV

FSV Rankings

#993 Ranked by Market Cap
#1288 Ranked by Stock Gains
#1954 Ranked by Dividends

FSV Stock Data

6.98B
37.83M
10.3%
76.65%
0.45%
Residential Property Managers
Real Estate and Rental and Leasing
Link
Canada
Toronto

About FSV

firstservice corporation, together with its subsidiaries, provides residential property services to residential and commercial customers in the united states and canada. the company operates through two segments, firstservice residential and firstservice brands. the firstservice residential segment provides 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 offers 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 services, and specialized property insurance brokerage. in addition, this segment provides energy management solutions and advisory services, and resale