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 (FSV) has announced it will publish its financial results for the second quarter ended June 30, 2020, on July 23, 2020, at approximately 7:30 am ET. A conference call to discuss these results will occur on the same day at 11:00 am ET, hosted by CEO D. Scott Patterson and CFO Jeremy Rakusin. FirstService, a leader in property services, boasts US$2.4 billion in annual revenues and approximately 24,000 employees. The event can be accessed via a toll-free number or through their website's Investors section.
On July 2, 2020, Interstate Restoration announced the acquisition of Rolyn, enhancing its position as a leading independent emergency response and restoration service provider in North America. This acquisition adds Rolyn's nine operations centers and over 150 skilled employees to Interstate's network, significantly expanding its geographic reach and service capabilities, particularly in the healthcare sector. The financial terms of the acquisition remain undisclosed. Interstate, along with FirstOnSite, is now the second-largest independent restoration provider in the region.
FirstService Corporation (TSX: FSV; NASDAQ: FSV) announced a quarterly cash dividend of US$0.165 per Common Share, payable on July 7, 2020, to shareholders on record as of June 30, 2020. This dividend is classified as an "eligible dividend" for Canadian income tax purposes. FirstService operates in the outsourced property services sector, generating annual revenues of US$2.4 billion and employing around 24,000 people across North America. With a strong management team and significant insider ownership, the company is committed to delivering superior returns for shareholders.
FirstService Corporation (TSX: FSV; NASDAQ: FSV) announced the completion of a private placement, selling 1,797,359 common shares to Durable Capital Partners at US$83.46 each. This transaction raised approximately US$150 million. The proceeds will be used to reduce existing debt, support potential acquisitions, and fund working capital. CEO Scott Patterson expressed optimism about the financing enhancing financial flexibility for growth opportunities. The shares sold have not been registered under U.S. Securities laws, and the company operates in the essential outsourced property services sector, generating US$2.4 billion in revenue.