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FirstService Corporation (FSV)
NASDAQ:FSV
Earnings Data
Report Date
Jul 24, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.45Last Year’s EPS
1.35Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 24, 2025
|% Change Since: -1.03%
|Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive outlook, with strong performance in earnings and margin growth. However, challenges persist in organic growth for home services and delays in commercial contracts due to economic uncertainty. The company's solid financial position and strategic acquisitions provide a strong foundation for future growth.Company Guidance
During the First Quarter Investor Conference Call for the fiscal year 2025, the company reported robust financial results, with total revenues up 8% year-over-year, reaching $1.25 billion, largely driven by tuck-under acquisitions. Organic growth was slightly positive, with FirstService Residential seeing a 6% increase in revenues, while FirstService Brands experienced a 10% rise, though organic growth was slightly down. EBITDA increased by 24% to $103.3 million, resulting in a 110 basis point improvement in the consolidated margin to 8.3%. Earnings per share saw a significant 37% increase. The Roofing segment achieved nearly 50% revenue growth due to acquisitions, despite a 10% organic decline attributed to weather and contract deferrals. Restoration revenues were in line with expectations, bolstered by hurricane-related activities in the U.S., despite a decline in Canadian operations. Looking forward, the company anticipates similar growth patterns and margin improvements, with a focus on managing macroeconomic uncertainties and leveraging pent-up demand.Impressive Earnings and Margin Growth
Earnings per share for the quarter were up 37%, and EBITDA increased by 24% with a 110 basis point improvement in consolidated margin.
Revenue Growth and Tuck-Under Acquisitions
Total revenues increased by 8% year-over-year, driven by tuck-under acquisitions, with FirstService Brands experiencing a 10% revenue increase.
Strong Financial Position
The company maintained conservative leverage at two times net debt to trailing twelve months EBITDA and bolstered debt capacity with a $1.75 billion credit facility.
Residential Segment Performance
FirstService Residential revenues were up 6%, and EBITDA grew by 17%, with margin improvements driven by cost efficiencies.
Continued Optimism for Future Growth
Despite macroeconomic uncertainties, the company is optimistic about accelerated activity levels with market stability and expects revenue growth similar to 8% in Q2.
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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
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FSV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 24, 2025 | $172.71 | $171.84 | -0.50% |
| Feb 05, 2025 | $181.35 | $173.65 | -4.25% |
| Oct 24, 2024 | $183.98 | $189.08 | +2.77% |
| Jul 25, 2024 | $163.02 | $173.60 | +6.49% |
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.
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FAQ
When does FirstService Corporation (FSV) report earnings?
FirstService Corporation (FSV) is schdueled to report earning on Jul 24, 2025, TBA Not Confirmed.
What is FirstService Corporation (FSV) earnings time?
FirstService Corporation (FSV) earnings time is at Jul 24, 2025, TBA Not 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 (Q2) is 1.45.
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