Welcome to our dedicated page for Firstservice news (Ticker: FSV), a resource for investors and traders seeking the latest updates and insights on Firstservice stock.
FirstService Corporation (FSV) is a North American property services company whose news flow reflects its role in the essential outsourced property services sector. The company operates through two platforms: FirstService Residential, described as North America’s largest manager of residential communities, and FirstService Brands, one of North America’s largest providers of essential property services delivered through branded company-owned operations and franchise systems.
News about FirstService often includes financial results and capital markets updates, such as quarterly earnings releases and announcements of upcoming results. For example, the company has announced dates for releasing fourth quarter and annual results and regularly furnishes earnings press releases via Form 6-K. Dividend declarations, including quarterly cash dividends on common shares, are another recurring topic in its news.
Coverage related to FirstService Residential highlights new property management contracts, portfolio expansions, and recognition in local markets. Recent releases describe full-service management agreements for high-rise residential communities in regions such as New England, Pennsylvania, and New Jersey, as well as awards in contests like the Miami Herald’s Miami-Dade Favorites. Leadership appointments within FirstService Residential, including roles focused on master-planned communities and residential hospitality, also feature in the company’s news.
News tied to the FirstService Brands platform and subsidiaries such as Roofing Corp of America includes executive appointments and updates on service capabilities. Collectively, these items provide insight into FirstService’s growth, operational focus, and property services footprint across North America. Investors and stakeholders can use this news stream to follow developments in the company’s residential management operations, property services brands, and financial performance over time.
FirstService Corporation (TSX: FSV; NASDAQ: FSV) has declared a quarterly cash dividend of US$0.1825 per common share, payable on January 7, 2022. Shareholders on record as of December 31, 2021 will receive this dividend, which qualifies as an "eligible dividend" for Canadian tax purposes. FirstService is a leader in outsourced property services, generating over US$3.1 billion in annual revenues with about 24,000 employees. The company is included in the S&P/TSX 60 Index.
FirstService Corporation (TSX: FSV; NASDAQ: FSV) reported robust financial results for Q3 2021, with revenues hitting $849.4 million, a 14% increase year-over-year, bolstered by 8% organic growth. Adjusted EBITDA rose to $94.2 million, while adjusted EPS increased by 26% to $1.50. For the nine months ending September 30, revenues surged 20% to $2.39 billion, with adjusted EPS up 38% to $3.36. Despite challenges from labor constraints, demand indicators remain promising, allowing management optimism moving forward.
FirstService Corporation (FSV) will announce its financial results for Q3 2021 on October 26, 2021, at 7:30 am ET. A conference call led by CEO D. Scott Patterson and CFO Jeremy Rakusin will occur at 11:00 am ET the same day, with dial-in details provided. The call will be accessible via their website and available for rebroadcast for 90 days. FirstService, a leader in the property services sector, generates over $3 billion in revenue annually and has around 24,000 employees across North America.
FirstService Corporation announced the acquisition of the Condominium Association Management Division of Atlantic | Pacific Companies (APAM). This strategic move enhances FirstService Residential's position in the South Florida market, where APAM manages over 20,000 condominium units across roughly 100 properties. CEO David Diestel emphasized that this acquisition bolsters their market share and resources, strengthening their brand and service capabilities. FirstService Corporation generates over $3 billion in annual revenues and employs around 24,000 staff across North America.
FirstService Corporation (TSX: FSV; NASDAQ: FSV) has declared a quarterly cash dividend of US$0.1825 per share on its Common shares. This dividend is payable on October 7, 2021, to shareholders on record as of the close of business on September 30, 2021. The dividend qualifies as an 'eligible dividend' for Canadian tax purposes. FirstService is a leading provider in the property services sector, generating over $3.0 billion in annual revenues with around 24,000 employees across North America.
FirstService Corporation announced the acquisition of Insurance Restoration Specialists (IRS), enhancing its restoration services in the New York City metropolitan area. Founded in 1985, IRS is a leading commercial restoration provider in New Jersey and surrounding regions, specializing in environmental remediation and facility infection control. This acquisition follows FirstService's purchase of Maxons Restorations and aims to strengthen its operational capabilities and customer base in the Tri-State region. FirstService generates over $3.0 billion in annual revenues.
FirstService Corporation (TSX and NASDAQ: FSV) has announced the acquisition of Complete DKI and Moore Restoration, enhancing its subsidiary First Onsite Property Restoration. Complete, based in Florida, specializes in disaster restoration, while Moore is recognized for its commercial restoration services in Indiana. These acquisitions aim to improve operational excellence and geographic coverage, allowing for a quicker response to client needs. The financial details of these transactions remain undisclosed, but the move reinforces First Onsite’s strategic growth in key regions.
FirstService Corporation (FSV) announced on August 17, 2021, that the Toronto Stock Exchange accepted its notice for a normal course issuer bid (NCIB). This allows FirstService to repurchase up to 1,600,000 shares, representing 5% of its public float, within a 12-month period starting August 26, 2021. The NCIB aims to manage share dilution and utilize corporate funds efficiently. During the previous NCIB, no shares were repurchased. FirstService, a leading property services provider, generates over $3 billion in annual revenues and has approximately 24,000 employees.
FirstService Corporation (TSX: FSV; NASDAQ: FSV) reported strong financial results for Q2 2021, with revenues of $831.6 million, reflecting a 34% increase year-over-year. Adjusted EBITDA increased by 26% to $89.9 million, and Adjusted EPS rose 41% to $1.21. For H1 2021, revenues reached $1.54 billion, a 23% increase compared to H1 2020. The growth was driven by robust organic growth across all operations, particularly in the property management sector. CEO Scott Patterson highlighted the company's resilience in a challenging labor market and an emphasis on recruitment to meet demand.
FirstService Corporation (FSV) will release its second-quarter financial results for the period ending June 30, 2021, on July 27, 2021, at 7:30 am ET. A conference call to review these results will occur at 11:00 am ET on the same day, hosted by CEO D. Scott Patterson and CFO Jeremy Rakusin. The call can be accessed at 1-888-241-0551 for toll-free callers and 647-427-3415 for international callers. FirstService operates in the property services sector, generating over US$2.8 billion annually and employing around 24,000 people across North America.