The earnings call presented a mixed picture with revenue and EPS growth, strong performance in Century Fire, and successful acquisitions. However, it was offset by challenges in organic growth, particularly in the restoration and roofing segments due to weather impacts and macroeconomic uncertainties. Margins also faced some compression.
Company Guidance
During the FirstService Corporation third-quarter conference call, several key metrics and guidance for the upcoming quarter were discussed. The company reported a 4% increase in total revenues compared to the previous year, driven primarily by tuck-under acquisitions, with organic growth remaining flat. EBITDA rose by 3% to $165 million, maintaining a consolidated margin of 11.4%, while earnings per share grew by 8% to $1.76. FirstService Residential experienced an 8% revenue increase, with 5% organic growth, and anticipates similar mid-single-digit growth in Q4. FirstService Brands saw a 1% revenue rise, although organic growth declined by 4%. Restoration brands revenues were down 7% year-over-year, and Q4 revenues are expected to drop by approximately 20% due to a lack of storm-related activity. Roofing revenues grew by mid-single digits through acquisitions, despite an 8% organic decline, with expectations for modest revenue increases in Q4. Century Fire achieved over 10% revenue growth, with robust branch network performance and is predicted to sustain double-digit growth in Q4. The company recorded $1.45 billion in revenues for the quarter, with a 3% EBITDA increase, and $4.1 billion in revenues year-to-date, marking a 7% growth. Capital expenditures for the quarter were $34 million, and net debt stood at $985 million with a leverage ratio of 1.7x net debt to trailing 12 months EBITDA. The company aims for mid-single-digit revenue growth for the full year and high single-digit EBITDA growth, approaching 10%, compared to the prior year.
Revenue and EPS Growth
Total revenues were up 4% year-over-year, driven by tuck-under acquisitions. Earnings per share increased by 8% to $1.76.
Strong Performance in Century Fire
Century Fire reported revenue growth of over 10% compared to the prior year, with robust performance across its branch network.
Successful Acquisitions
The company announced acquisitions of Springer-Peterson Roofing and A-1 All American Roofing, expanding presence in key markets.
Cash Flow and Debt Management
Generated more than $125 million in cash flow from operations in Q3, with a year-to-date increase of 65%. Net debt was reduced to $985 million, with leverage at 1.7x net debt to trailing 12 months EBITDA.
FirstService (TSE: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
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
Oct 23, 2025
C$258.12
C$233.00
-9.73%
Jul 24, 2025
C$242.71
C$264.28
+8.89%
Apr 24, 2025
C$239.04
C$237.36
-0.70%
Feb 05, 2025
C$259.35
C$248.25
-4.28%
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 Feb 10, 2026, Before Open (Confirmed).
What is FirstService Corporation (TSE:FSV) earnings time?
FirstService Corporation (TSE:FSV) earnings time is at Feb 10, 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.