FirstService Corporation reported strong first quarter financial results with revenue and earnings growth.

From GlobeNewswire: 2025-04-24 07:30:00

FirstService Corporation reported strong financial results for the first quarter of 2025. Revenues reached $1.25 billion, up 8% from the prior year. Adjusted EBITDA rose by 24% to $103.3 million, with Adjusted EPS at $0.92. GAAP Operating Earnings were $39.3 million. FirstService Residential saw 6% revenue growth, while FirstService Brands had a 10% revenue increase.

CEO Scott Patterson attributed the positive results to strong margins and earnings growth. Despite economic uncertainties, disciplined execution led to healthy profitability. FirstService Corporation, a North American property services leader, generates over $5.3 billion in annual revenues. The company’s performance in the first quarter sets a strong foundation for the rest of the year.

FirstService Residential and FirstService Brands contributed significantly to the revenue growth. Adjusted EBITDA for the quarter was $41.6 million and $67.8 million, respectively. The company’s corporate costs decreased from the prior year period. A conference call is scheduled to discuss the results on April 24, 2025, at 11:00 a.m. ET.

Adjusted EBITDA, a key performance indicator, is calculated as net earnings adjusted for various factors. It helps evaluate operating performance and debt service ability. Adjusted EPS, another important metric, was $0.92 for the first quarter of 2025. FirstService Corporation’s financial statements and analysis will be available on SEDAR+ for further review.



Read more at GlobeNewswire:: FirstService Reports First Quarter Results