Firstservice Corp Stock Price, News & Analysis

FirstService Residential (NYSE:FSV) has been selected to manage Selene Oceanfront Residences, a new luxury development in Fort Lauderdale. The property features 194 luxury residences across two towers, designed by architect Kobi Karp.

The company will provide comprehensive property management and lifestyle services, including concierge services, dedicated lobby staff, and curated experiences. The development boasts premium amenities including two elevated pool terraces, "The Wave" social lounge, and a private theater.

This partnership represents a continued collaboration with Kolter Urban, with FirstService Residential having been involved in the project's planning from inception. The property is now welcoming its first residents.

FirstService Residential (NASDAQ:FSV) has been selected as the property management partner for Society Hill at Piscataway Condominium Association in New Jersey. The community features garden-style and townhouse units with amenities including two tennis courts, play areas, a swimming pool, and a clubhouse.

The property's strategic location offers convenient access to Rutgers University, major roadways, and NJ Transit stations. The board selected FirstService Residential for its comprehensive resources, technological capabilities, and proven financial management expertise.

FirstService Corporation (NASDAQ: FSV) reported strong Q2 2025 financial results with consolidated revenues reaching $1.42 billion, a 9% increase year-over-year. The company achieved significant profitability improvements with Adjusted EBITDA rising 19% to $157.1 million and Adjusted EPS growing 26% to $1.71.

Performance was driven by both divisions: FirstService Residential revenues grew 6% to $593.0 million with 3% organic growth, while FirstService Brands revenues increased 11% to $822.7 million. Notable margin improvements came from operational efficiencies in property management and process improvements in restoration and home services.

For the first half of 2025, consolidated revenues were $2.67 billion, up 9%, with Adjusted EBITDA increasing 21% to $260.4 million and Adjusted EPS growing 30% to $2.63, positioning the company well to achieve its 2025 goals despite macroeconomic uncertainty.

FirstService (NASDAQ:FSV) has scheduled its second quarter 2025 financial results announcement for July 24, 2025 at approximately 7:30 am ET. The company will host a conference call to discuss the results at 11:00 am ET on the same day.

The earnings call will be led by CEO D. Scott Patterson and CFO Jeremy Rakusin. Investors can access the call through webcast at the company's website or register for the dial-in option. A replay will be available in the "Investors" section under "Newsroom" after the call.

FirstService Corporation (FSV) announced that its subsidiary, Century Fire Protection, has acquired two Utah-based fire protection companies: TST Fire Protection and Alliance Fire & Safety. TST, founded in 1998 in Salt Lake City, specializes in fire sprinkler system design, installation, inspection, and repair services for commercial clients in northern Utah. Alliance, established in 2014 in St. George, focuses on fire sprinkler systems, suppression systems, alarms, and extinguishers for commercial and industrial clients in southern Utah.

The acquisition establishes Century's presence in the Western U.S., with both companies' leadership teams retaining minority equity interests and continuing to manage day-to-day operations. The financial terms were not disclosed.

FirstService Corporation (NASDAQ: FSV) has declared a quarterly cash dividend of US$0.275 per Common Share, payable on July 8, 2025 to shareholders of record as of June 30, 2025. FirstService, a North American leader in property services, operates through two main platforms: FirstService Residential, North America's largest residential community manager, and FirstService Brands, a major provider of essential property services. The company generates over $5.3 billion in annual revenues and employs approximately 30,000 people across North America.

FirstService (FSV) reported strong Q1 2025 financial results with consolidated revenues reaching $1.25 billion, up 8% year-over-year. The company's Adjusted EBITDA increased 24% to $103.3 million, while Adjusted EPS grew 37% to $0.92.

FirstService Residential revenues rose 6% to $525.1 million, including 3% organic growth, with Adjusted EBITDA up 17% to $41.6 million. FirstService Brands revenues increased 10% to $725.7 million, though organic revenues declined 2%. The division's Adjusted EBITDA grew 22% to $67.8 million, driven by improvements in restoration and home services operations.

CEO Scott Patterson expressed satisfaction with the results, highlighting strong margins and earnings growth despite macroeconomic uncertainty. The company remains on track to meet its annual targets.

Floor Coverings International (FCI), North America's leading flooring franchise, announces significant leadership team changes to support its expansion goals. The company aims to reach 340 operating franchisees by year-end, having already secured 14 new agreements.

Key appointments include Hayden Shaw as Director of Franchise Development and internal promotions of 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 Operations.

The company's business model features Mobile Flooring Showrooms with investment costs ranging from $183,000 to $247,000. Performance metrics show the top 50% of operators generated $1.6 million in average revenue in 2024, while the top 10% achieved $3.1 million in average unit volume.

FirstService (TSX: FSV) (NASDAQ: FSV) held its annual shareholder meeting virtually on April 02, 2025, where eight director nominees were successfully elected to serve until the next annual meeting. The election results showed strong shareholder support, with most directors receiving over 90% approval.

Notable voting results include Jay S. Hennick receiving 89.26% approval with the highest withhold votes at 10.74%, while Yousry Bissada and Elizabeth Carducci received the highest approval rates at 98.81%. Shareholders also approved PricewaterhouseCoopers LLP as the auditor and passed a non-binding advisory resolution on executive compensation.

FirstService, a North American property services leader, operates through FirstService Residential and FirstService Brands, generating over US$5.2 billion in annual revenues with approximately 30,000 employees across North America.