FirstService Corporation (TSE:FSV)
TSX:FSV
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Earnings Data
Report Date
Jul 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.32Last Year’s EPS
2.33Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mix of solid corporate-level financial metrics and strong cash generation alongside clear operating headwinds in the Brands division (notably Roofing and Home Services). Consolidated revenue (+5%), EPS (+3%) and significant cash/liquidity and residential margin expansion are meaningful positives. However, Brands margin deterioration (−100 bps), double-digit lead declines in Home Services and flat organic results in Roofing/Restoration temper near-term outlook. Management is taking tactical actions (promotions, selective tuck-ins, efficiency investments) and expects sequential improvement in later quarters, while guidance points to mid-single-digit revenue growth and EBITDA flat-to-slightly up in Q2. Overall, the positives at the consolidated and residential levels are offset by material brand-level pressures, yielding a balanced but cautious tone.Company Guidance
Consolidated Revenue Growth
Total revenues of $1.32 billion, up 5% year-over-year (from $1.25 billion), with organic growth accounting for over half of the increase.
Earnings and Profitability
Adjusted EBITDA of $106 million, up 2% year-over-year, and adjusted EPS of $0.95, up 3% versus prior year; consolidated margin was 8.0% (down 30 bps vs Q1 2025).
FirstService Residential Strength
Residential division revenues of $546 million, up 4% year-over-year; EBITDA grew 10% to $46 million and EBITDA margin expanded to 8.4% (up 50 bps vs Q1 2025) driven by labor efficiencies, client accounting initiatives and productivity gains.
Century Fire Outperformance
Century Fire delivered strong results with total revenues up over 10% and organic growth at a high single-digit level; backlog described as robust with expectations for continued similar performance.
Cash Generation, Deleveraging and Liquidity
Operating cash flow of $88 million in Q1 (more than double Q1 2025), capex of $28 million (slightly below prior year), net-debt/EBITDA reduced to 1.5x (from 1.6x at prior year-end and 2.0x a year ago), and cash + undrawn credit facilities exceeding $1 billion (highest level in company history).
CapEx and Free Cash Flow Outlook
Q1 capex of $28 million and company expects full-year capex modestly below prior guidance of $140 million, supporting strong free cash flow conversion.
M&A Activity and Pipeline
Completed tuck-under acquisitions (Paul Davis franchise in Cleveland/Akron and multiple California Closets territories); management expects further selective tuck-ins across segments and has ~$100M historical annual acquisition deployment as a reference.
Q2 Outlook — Modest Growth and Margin Stability
Company guidance for Q2: mid-single-digit consolidated top-line growth and consolidated EBITDA flat to slightly up year-over-year; FirstService Residential expected to continue margin expansion in the near term.
TSE:FSV Earnings History
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
TSE:FSV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2026 | C$204.41 | C$204.55 | +0.07% |
Feb 04, 2026 | C$210.24 | C$225.10 | +7.07% |
Oct 23, 2025 | C$257.08 | C$232.07 | -9.73% |
Jul 24, 2025 | C$241.73 | C$263.22 | +8.89% |
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 (TSE:FSV) report earnings?
FirstService Corporation (TSE:FSV) is schdueled to report earning on Jul 23, 2026, Before Open (Confirmed).
What is FirstService Corporation (TSE:FSV) earnings time?
FirstService Corporation (TSE:FSV) earnings time is at Jul 23, 2026, 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 TSE:FSV EPS forecast?
TSE:FSV EPS forecast for the fiscal quarter 2026 (Q2) is 2.32.