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 (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.
FirstService (FSV) has announced key upcoming dates for shareholders and investors. The company will hold its Annual Meeting of Shareholders on April 2, 2025, at 11:00 a.m. ET via webcast, accessible through FirstService's website or the LUMI AGM platform.
Additionally, FirstService will release its first quarter 2025 financial results on April 24, 2025, at 7:30 am ET, followed by a conference call at 11:00 a.m. ET hosted by CEO D. Scott Patterson and CFO Jeremy Rakusin.
FirstService is a North American leader in property services operating through two platforms: FirstService Residential, North America's largest residential community manager, and FirstService Brands, a major provider of essential property services. The company generates over $5.2 billion in annual revenues and employs approximately 30,000 people across North America.
FirstService (FSV) has announced the expansion and extension of its unsecured revolving credit facility to US$1.75 billion, up from US$1.25 billion, with a new five-year term maturing in February 2030. The facility includes an option to increase by an additional US$250 million under the same terms.
The credit facility, which was substantially oversubscribed by a syndicate of 11 banks led by The Toronto-Dominion Bank, will be used for working capital, general corporate purposes, and funding future tuck-under acquisitions. Combined with US$185 million in outstanding private long-term senior notes, this financing maintains FirstService's strong, investment-grade balance sheet.
FirstService generates over US$5.2 billion in annual revenues and employs approximately 30,000 people across North America through its two main platforms: FirstService Residential and FirstService Brands.
Floor Coverings International (FCI) announces that Toby and Amy Tabor, owners of FCI Vancouver-Portland, have been named 2024 Franchisees of the Year by the International Franchise Association (IFA). The couple, who have owned their franchise for 20 years, were recognized at the 65th IFA Annual Convention in Las Vegas for their outstanding performance and contributions to the franchise business model.
The Tabors were among the first FCI franchisees to hire external sales teams and explore new technologies. Their franchise has demonstrated significant success, contributing to FCI's impressive performance metrics. The company reports that its top 50% of operators generated $1.6 million in average revenue in 2023, while the top 10% achieved $3.3 million in average unit volume.
FCI operates through a unique business model featuring mobile flooring showrooms, with total investment costs ranging from $154,400 to $341,000. The company is currently offering franchise opportunities across hundreds of prime territories.
NANO Nuclear Energy (NASDAQ: NNE) has partnered with aRobotics Company for a multimillion-dollar project to build out its demonstration facility in Westchester County, New York. aRobotics will oversee the facility's retrofitting and manage the construction of non-nuclear elements for NANO Nuclear's four reactors in development: ZEUS, ODIN, LOKI MMR, and KRONOS MMR.
The agreement includes developing custom sensors and equipment for demonstration components, and supporting NANO Nuclear's SBIR Phase III project for its Annular Linear Induction Pump (ALIP) technology. aRobotics brings significant experience from its work with the Department of Defense and defense prime contractors, along with multiple honors including the NATO DIANA Challenge and nearly 20 SBIR awards.
FirstService (FSV) reported strong financial results for Q4 and full year 2024. Q4 revenues increased 27% to $1.37 billion, including 10% organic growth. Q4 Adjusted EBITDA rose 33% to $137.9 million, while Adjusted EPS grew 21% to $1.34.
For full year 2024, consolidated revenues reached $5.22 billion, up 20% from 2023. Adjusted EBITDA increased 24% to $513.7 million, and Adjusted EPS grew 7% to $5.00. The FirstService Residential segment generated revenues of $521.3 million in Q4, up 5%, while FirstService Brands recorded revenues of $844.1 million, up 45%.
The company's performance was driven by contract wins in high-rise markets, increased weather events and large-loss claims activity in restoration operations, and contribution from the Roofing Corp of America acquisition.
FirstService (FSV) has announced a 10% increase in its quarterly cash dividend, raising it from US$0.25 to US$0.275 per Common Share. The dividend will be payable on April 7, 2025, to shareholders of record as of March 31, 2025. This increase brings the annualized dividend to US$1.10, up from US$1.00 in the previous year.
This marks FirstService's tenth consecutive year of achieving at least 10% annual dividend growth, reflecting the company's strong earnings and free cash flow performance. The company, which generates over US$4.9 billion in annual revenues and employs approximately 30,000 people across North America, operates through two main platforms: FirstService Residential and FirstService Brands.