The earnings call presented a strong performance in revenue growth, cash flow, and strategic acquisitions, particularly in the FirstService Brands and Century Fire segments. However, challenges remain in the Roofing and Home Service segments, with some expected declines in restoration revenues for Q3 due to strong prior year comparatives.

Company Guidance

During the Second Quarter 2025 Investor Conference Call, FirstService Corporation provided guidance reflecting a strong quarter with significant year-over-year growth in various metrics. Total revenues increased by 9% to $1.4 billion, primarily driven by tuck-under acquisitions and 2% organic growth. EBITDA rose by 19% to $157 million, resulting in a consolidated margin of 11.1%, up 90 basis points from the previous year. Earnings per share (EPS) saw a remarkable 26% increase. The FirstService Residential division posted 6% revenue growth with a 3% organic increase, while the FirstService Brands division reported an 11% revenue boost, largely due to acquisitions. The restoration brands experienced a 6% revenue rise, with 2% organic growth, although storm-related revenues remained consistent with the prior year. Roofing segment revenues surged by 25%, driven by the acquisition of Crowder in South Florida, despite a 10% organic revenue decline. Century Fire achieved over 15% revenue growth, with double-digit organic growth. The company remains optimistic about future performance, expecting steady revenue growth and margin expansion for the remainder of 2025.

Revenue and Growth

Total revenues increased by 9% over the prior year, primarily driven by tuck-under acquisitions. Organic growth was 2% this quarter. EBITDA for the quarter was up 19% to $157 million, with a consolidated margin of 11.1%, up 90 basis points over the prior year. Earnings per share were up 26% over the prior year.

FirstService Brands Division Performance

Revenues for the FirstService Brands division were up 11% for the quarter, driven primarily by tuck-under acquisitions. EBITDA for the quarter came in at $95 million, up 23% year-over-year. Margin during the quarter was 11.6%, up 110 basis points versus the 10.5% during last year's Q2.

Century Fire Segment Growth

Century Fire had a strong quarter with revenues up over 15% versus the prior year, including double-digit organic growth. The acquisition of TST Fire Protection and Alliance Fire & Safety in Utah provides an attractive growth platform in the Western U.S.

Strong Cash Flow and Debt Reduction

Operating cash flow during the second quarter was $163 million, up 25% over the prior year quarter. The company paid down almost $70 million of debt during the period, reducing net debt to EBITDA to 1.8x.

FirstService (FSV) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

FSV Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	1.74 / -	1.635	―	―	―
Jul 24, 2025	2025 (Q2)	1.45 / 1.69	1.361	23.95% (+0.33)	―
Apr 24, 2025	2025 (Q1)	0.85 / 0.93	0.666	38.96% (+0.26)	―
Feb 05, 2025	2024 (Q4)	1.42 / 1.39	1.087	27.51% (+0.30)	―
Oct 24, 2024	2024 (Q3)	1.41 / 1.63	1.251	30.69% (+0.38)	―
Jul 25, 2024	2024 (Q2)	1.25 / 1.36	1.396	-2.49% (-0.03)	―
Apr 24, 2024	2024 (Q1)	0.66 / 0.67	0.839	-20.64% (-0.17)	―
Feb 06, 2024	2023 (Q4)	1.11 / 1.09	1.189	-8.53% (-0.10)	―
Oct 26, 2023	2023 (Q3)	1.24 / 1.25	1.15	8.82% (+0.10)	―
Jul 27, 2023	2023 (Q2)	1.27 / 1.40	1.046	33.45% (+0.35)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

FSV Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 24, 2025	$179.06	$194.00	+8.34%
Apr 24, 2025	$172.44	$171.57	-0.50%
Feb 05, 2025	$181.06	$173.38	-4.24%
Oct 24, 2024	$183.69	$188.77	+2.77%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does FirstService Corporation (FSV) report earnings?

FirstService Corporation (FSV) is schdueled to report earning on Oct 23, 2025, Before Open (Confirmed).

What is FirstService Corporation (FSV) earnings time?

FirstService Corporation (FSV) earnings time is at Oct 23, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is FSV EPS forecast?

FSV EPS forecast for the fiscal quarter 2025 (Q3) is 1.74.

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