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FirstService Corporation (TSE:FSV)
TSX:FSV
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.21Last Year’s EPS
0.92Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: -4.67%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong overall performance with significant revenue and EBITDA growth driven by strategic acquisitions and robust performance in several segments. However, challenges such as increased costs, budgetary pressures, and a decline in the home service brands were notable concerns.Company Guidance
In the fourth quarter of fiscal year 2024, FirstService Corporation reported a 27% increase in revenues, driven by 10% organic growth primarily from the brands division, and a 33% rise in EBITDA with a 50 basis point improvement in margins. Earnings per share increased by 21%. The Roofing Corp of America acquisition significantly contributed to revenue growth, with the brands division seeing a 45% increase in revenues and 16% organic growth. The restoration segment, fueled by hurricanes Helene and Milton, saw a revenue increase of 40% year-over-year, with $60 million generated from named storms. For the full year, revenues rose 20% to $5.22 billion, with a 24% increase in adjusted EBITDA, reflecting a 9.8% margin, up 20 basis points. The company anticipates high single-digit revenue growth in 2025, with mid-single-digit organic growth and continued margin expansion.Strong Revenue and EBITDA Growth
FirstService Corporation reported a 20% growth in revenues and a 24% increase in EBITDA for the fiscal year 2024, doubling their long-term growth goal of 10%.
Significant Q4 Performance
Fourth-quarter revenues increased by 27% with organic growth at 10%, and EBITDA rose by 33% with a 50 basis point improvement in margins.
Restoration Segment Success
Paul Davis and First On-site recorded a 40% increase in revenue year-over-year, benefiting from hurricanes Helene and Milton.
FirstService Brands Division Growth
Revenues were up by 45% in Q4, driven by the addition of Roofing Corp of America and strong restoration results, with organic growth at 16%.
Century Fire Organic Growth
Century Fire achieved 25% organic growth in Q4 2024 compared to Q4 2022.
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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
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TSE:FSV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 05, 2025 | C$260.57 | C$249.42 | -4.28% |
| Oct 24, 2024 | C$255.21 | C$262.26 | +2.76% |
| Jul 25, 2024 | C$225.26 | C$240.41 | +6.72% |
| Apr 24, 2024 | C$208.47 | C$211.28 | +1.35% |
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 (TSE:FSV) report earnings?
FirstService Corporation (TSE:FSV) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is FirstService Corporation (TSE:FSV) earnings time?
FirstService Corporation (TSE:FSV) earnings time is at Apr 23, 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 TSE:FSV EPS forecast?
TSE:FSV EPS forecast for the fiscal quarter 2025 (Q1) is 1.21.
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