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 will announce its Q2 2024 financial results on July 25, 2024.
The results will be available by press release at 7:30 am ET.
A conference call to review these results, hosted by CEO D. Scott Patterson and CFO Jeremy Rakusin, will be held at 11:00 am ET on the same day.
The call will be webcast live on FirstService's website, and participants can register to receive the dial-in number and unique PIN.
A replay of the webcast will be accessible on the company's website in the 'Investors' section after the call.
FirstService (TSX and NASDAQ: FSV) announced that its subsidiary, FirstService Residential, has acquired CitiScape Property Management Group, based in San Francisco. CitiScape, founded in 1999, is a leading community association management firm providing comprehensive property and project management services to high-rise condominiums and homeowner associations in the San Francisco metropolitan area. The acquisition reinforces FirstService Residential's market leadership in Northern California. CitiScape's existing executives will continue to manage daily operations. The financial terms of the acquisition were not disclosed.
Skyway Capital Markets announced the recapitalization of Crowther Roofing & Cooling, partnering with Roofing Corp of America, a subsidiary of FirstService (NASDAQ: FSV). Crowther, a leading roofing and HVAC contractor in Southwest Florida, will operate as a standalone entity. The leadership team of Crowther, including CEO Lee Scott Crowther, retains significant equity. This partnership aims to expand Crowther's capabilities and geographic presence. Roofing Corp of America's CEO, Randy Korach, emphasized the strategic importance of this partnership in the Florida roofing market. Skyway Capital served as the exclusive investment banker for this transaction.
FirstService has announced the acquisition of Crowther Roofing and Hamilton Roofing through its subsidiary Roofing Corp of America (RCA). These acquisitions provide RCA with a strong foothold in Florida, contributing over $150 million in annual revenues. Crowther Roofing, based in Fort Myers, Florida, focuses on commercial roofing and employs 750 technicians. Hamilton Roofing, situated in Malabar, Florida, serves the commercial sector and has strong ties with blue-chip clients in government, aerospace, and education. Both companies' management teams will retain minority equity and continue daily operations.
FirstService announced a quarterly cash dividend of US$0.25 per Common Share, payable on July 5, 2024. The dividend is classified as an eligible dividend for Canadian income tax purposes. FirstService operates through two industry-leading service platforms, generating over $4.4 billion in annual revenues with approximately 29,000 employees across North America.
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