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 reports news about a North American property services business built around two service platforms: FirstService Residential and FirstService Brands. FirstService Residential announcements commonly cover new residential community management assignments, high-rise and homeowners association portfolios, developer and builder services, customer-care programs, and regional leadership updates.
FirstService news also includes quarterly operating results, cash dividend declarations on its common shares, and corporate updates tied to its property services model. FirstService Brands provides essential property services to residential and commercial customers through company-owned operations and franchise systems, including brands such as California Closets, Paul Davis Restoration, CertaPro Painters, Floor Coverings International, and Pillar to Post Home Inspectors.
FirstService Corporation announced the initiation of two new revolving, uncommitted financing facilities totaling US$450 million for future private placement issuances of senior unsecured notes.
The Facilities have a term of three years ending on September 29, 2025, allowing FirstService to issue incremental Note tranches. Initially, US$60 million of 4.53% Notes were issued to New York Life. The proceeds will primarily support working capital, corporate purposes, and future acquisitions while maintaining robust liquidity.
On September 13, 2022, FirstService Corporation (TSX: FSV; NASDAQ: FSV) announced a quarterly cash dividend of US$0.2025 per common share, payable on October 7, 2022, to shareholders of record as of September 30, 2022. This dividend qualifies as an "eligible dividend" for Canadian income tax purposes. FirstService generates over $3.4 billion in annual revenue and employs around 25,000 people across North America, focusing on property services through its leading platforms, FirstService Residential and FirstService Brands.
FirstService Corporation (TSX/NASDAQ: FSV) announced its intention to commence a normal course issuer bid (NCIB) for up to 1,600,000 common shares, representing 4.2% of the public float, starting August 26, 2022, lasting until August 25, 2023. Purchases will be made at market price, subject to a daily limit of 23,559 shares. The NCIB aims to enhance shareholder value and mitigate dilution from stock options. Previously, FirstService did not execute any share repurchases under its prior NCIB that ended August 25, 2022.
FirstService Corporation (TSX: FSV; NASDAQ: FSV) reported strong second-quarter results for the period ending June 30, 2022, with revenues of $930.7 million, a 12% increase year-over-year. Adjusted EBITDA rose 2% to $91.3 million, while Adjusted EPS fell to $1.12 from $1.21. For the six months, revenues reached $1.77 billion, up 14%, but GAAP EPS declined to $1.09 from $1.32. The company highlighted robust demand across both divisions, despite challenges like wage inflation impacting margins. A conference call will occur on July 27, 2022, to discuss these results further.
FirstService Corporation (FSV) will announce its second-quarter financial results for the period ended June 30, 2022, on July 27, 2022, at 7:30 am ET. A conference call hosted by CEO D. Scott Patterson and CFO Jeremy Rakusin will follow at 11:00 am ET. The call will be accessible via webcast on the company's website. FirstService, a leader in property services, generates over US$3.3 billion in annual revenue and employs about 25,000 people across North America.
FirstService Corporation (TSX: FSV; NASDAQ: FSV) announced the appointment of Elizabeth Carducci to its Board of Directors, expanding the board to nine members, with eight being independent. Carducci, previously Chief Revenue Officer at Medallia, has extensive experience in technology-driven customer and employee experience sectors. Her addition is expected to enhance operational excellence and drive value across FirstService’s services, which generate over $3.3 billion in annual revenues. The company operates major platforms including FirstService Residential and FirstService Brands.
FirstService Corporation (TSX: FSV; NASDAQ: FSV) declared a quarterly cash dividend of US$0.2025 per common share, payable on July 7, 2022, for shareholders on record by the close of business on June 30, 2022. This dividend qualifies as an eligible dividend for Canadian income tax. FirstService is a leading property services provider in North America, generating over $3.3 billion in annual revenue and employing approximately 25,000 people. The company has a strong track record of delivering value and returns for shareholders.
FirstService Corporation (FSV) reported strong financial results for Q1 2022, with revenues of $834.6 million, a 17% increase from $711.1 million in Q1 2021, primarily driven by organic growth. Adjusted EBITDA rose to $62.3 million, while adjusted EPS increased to $0.73, up 11% year-over-year. However, GAAP operating earnings declined to $29 million from $33.9 million. Both segments showed growth, with FirstService Residential rising by 12% and FirstService Brands by 22%. The company is experiencing wage inflation and rising corporate costs, impacting margins.
FirstService Corporation (TSX: FSV) announced the election of its eight director nominees during the annual shareholders' meeting held on April 6, 2022. The election results indicated high approval rates, with most directors receiving over 85% support. Shareholders also confirmed PricewaterhouseCoopers LLP as the auditor for the upcoming year and approved a non-binding advisory resolution on executive compensation. FirstService continues to lead in the property services sector, generating over $3.2 billion in annual revenues and employing approximately 25,000 individuals in North America.
FirstService Corporation (TSX and NASDAQ: FSV) has announced its Annual Meeting of Shareholders scheduled for April 6, 2022, at 11:00 a.m. ET, accessible via their website and conference call. Additionally, the company will release its financial results for Q1 2022 on April 27, 2022, at 7:30 a.m. ET, followed by a conference call at 11:00 a.m. ET. FirstService generates over $3.2 billion in annual revenues and employs approximately 25,000 across North America, positioning itself as a leader in the property services sector.