Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, with FirstService identified as a strong candidate due to its favorable growth metrics and Zacks Rank [2][9]. Earnings Growth - FirstService has a historical EPS growth rate of 22%, with projected EPS growth of 16.4% for the current year, significantly outperforming the industry average of 2.8% [5]. Cash Flow Growth - The company exhibits a year-over-year cash flow growth of 17%, which is notably higher than the industry average of -1.8%. Additionally, FirstService has an annualized cash flow growth rate of 31% over the past 3-5 years, compared to the industry average of 0.5% [6][7]. Earnings Estimate Revisions - There has been a positive trend in earnings estimate revisions for FirstService, with the Zacks Consensus Estimate for the current year increasing by 4.8% over the past month [8]. Overall Positioning - FirstService has achieved a Growth Score of A and holds a Zacks Rank 2, positioning it well for potential outperformance in the growth stock category [9][10].

Core Insights - FirstService Residential's South Region headquarters achieved WELL Certified™ Gold, reflecting its commitment to employee health and wellness [1][4] - The company hosted a wellness event to celebrate this milestone, featuring activities that connected WELL principles to daily routines [3][4] - The WELL Certification emphasizes quality in air and water, natural light, ergonomic design, mental health support, and nutrition [4][5] Company Achievements - The WELL Certified™ Gold recognition adds to FirstService Residential's accolades, including being named to Newsweek's 2025 list of America's Greatest Workplaces for Mental Well-Being [5] - The company has received repeated recognition from Great Place to Work® in both the United States and Canada [5] Commitment to Wellness - FirstService Residential aims to uphold wellness standards in its workspaces, mirroring the standards it promotes for residents [5] - The achievement of WELL Certified™ Gold required meeting strict criteria across all aspects of the work environment, showcasing the company's dedication to creating supportive spaces for employees [5]

Core Insights - FirstService Residential has been selected as the management partner for Selene Oceanfront Residences, a new luxury condominium in Fort Lauderdale, enhancing its regional portfolio [1][2][4] - Selene Oceanfront Residences features 194 luxury residences across two towers, designed by architect Kobi Karp, embodying resort-style coastal living [2][3] - The project signifies a continuation of FirstService Residential's collaboration with Kolter Urban, showcasing their expertise in luxury high-rise community management [4][6] Company Overview - FirstService Residential is North America's leading property management company, focusing on enhancing property value and resident life through tailored management solutions [1][7] - The company offers a range of services including concierge, dedicated lobby staff, and curated lifestyle experiences, aimed at providing personalized attention to residents [5][8] - FirstService Residential operates with a service-first philosophy, providing 24/7 customer care and specialized support through various programs [8][9]

Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, but identifying such stocks can be challenging due to inherent risks and volatility [1] Group 1: Growth Stock Identification - The Zacks Growth Style Score system aids in identifying promising growth stocks by analyzing real growth prospects beyond traditional metrics [2] - FirstService (FSV) is currently highlighted as a recommended growth stock, possessing a favorable Growth Score and a top Zacks Rank [2] Group 2: Earnings Growth - Earnings growth is crucial for growth investors, with double-digit growth being highly desirable as it indicates strong future prospects [3] - FirstService has a historical EPS growth rate of 22%, with projected EPS growth of 17% this year, significantly outperforming the industry average of 2.1% [4] Group 3: Cash Flow Growth - High cash flow growth is essential for growth-oriented companies, allowing them to fund new projects without relying on external financing [5] - FirstService's year-over-year cash flow growth stands at 17%, compared to an industry average of -1.8% [5] - The company's annualized cash flow growth rate over the past 3-5 years is 31%, while the industry average is only 0.5% [6] Group 4: Earnings Estimate Revisions - Positive trends in earnings estimate revisions correlate strongly with near-term stock price movements [7] - The current-year earnings estimates for FirstService have increased by 5.5% over the past month, indicating a favorable outlook [8] Group 5: Overall Positioning - FirstService has achieved a Growth Score of A and a Zacks Rank 1 due to positive earnings estimate revisions, positioning it well for potential outperformance [10]

Financial Data and Key Metrics Changes - Total revenues increased by 9% year over year, reaching $1.4 billion, primarily driven by tuck under acquisitions [5][16] - EBITDA for the quarter rose by 19% to $157 million, reflecting a consolidated margin of 11.1%, up 90 basis points from the previous year [6][16] - Earnings per share increased by 26% compared to the prior year, reaching $1.71 [6][16] Business Line Data and Key Metrics Changes - FirstService Residential revenues grew by 6%, with organic growth at 3% [6][17] - FirstService Brands revenues increased by 11%, with low single-digit organic growth [7][18] - Restoration brands, Paul Davis and First On-site, saw revenues rise by about 6%, with 2% organic growth [7] - Roofing segment revenues were up 25% due to acquisitions, but organic revenues declined by about 10% [10][18] - Century Fire reported a strong quarter with revenues up over 15%, including double-digit organic growth [12][18] Market Data and Key Metrics Changes - The number of claims and jobs in the restoration segment increased, reflecting improved activity levels [8] - Storm-related revenues remained modest, similar to the previous year [9] - The home service brands experienced flat revenues year over year, attributed to weak consumer sentiment [13] Company Strategy and Development Direction - The company aims to achieve high single-digit revenue growth and margin expansion, targeting double-digit EBITDA growth for the year [21][22] - Focus on tuck under acquisitions to enhance growth in existing markets [12][46] - The company is optimistic about pent-up demand and potential interest rate reductions impacting future activity levels [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in returning to mid single-digit organic growth in the residential business despite community budgetary pressures [25][26] - The company anticipates a stronger Q3 with revenues up over 10% in the roofing segment, while organic revenues are expected to be flat [10][22] - Management noted that the restoration business is becoming less reliant on large storm activity, improving revenue stability [35][36] Other Important Information - Operating cash flow for the quarter was $163 million, up 25% year over year [19][20] - The company paid down nearly $70 million of debt during the quarter, reducing leverage to 1.8 times net debt to EBITDA [20] Q&A Session Summary Question: Confidence in residential business organic growth - Management noted that community budgetary pressures are normalizing and do not expect significant impacts on organic growth going forward [25][26] Question: Margin improvement in FirstService Brands - Management confirmed that accelerating top-line growth would lead to higher margins due to operating leverage [27][28] Question: Improvement in roofing business - Management indicated that macroeconomic factors and tariff uncertainties are causing hesitance, but they expect improvement in Q3 [30][31] Question: Restoration business reliance on storm activity - Management clarified that while national accounts are growing, storm activity will still play a significant role in revenue generation [35][36] Question: Fire protection business performance - Management attributed strong performance to growth in repair service and inspection, driven by strategic investments [42][44] Question: M&A opportunities - Management remains open to larger acquisitions if strategic fits arise, despite current macroeconomic conditions [46][47] Question: Home improvement market positioning - Management noted that their positioning caters to a broad spectrum of consumers, with a focus on affluent customers contributing to growth [50][51]

Financial Data and Key Metrics Changes - Total revenues increased by 9% year over year, reaching $1,400,000,000, primarily driven by tuck under acquisitions [5][16] - EBITDA for the quarter rose by 19% to $157,000,000, reflecting a consolidated margin of 11.1%, up 90 basis points from the previous year [6][16] - Earnings per share (EPS) increased by 26% compared to the prior year, reaching $1.71 [6][16] - Year-to-date revenues totaled $2,700,000,000, a 9% increase over the previous year, with adjusted EBITDA of $260,000,000, representing 21% growth [16][21] Business Line Data and Key Metrics Changes - **FirstService Residential**: Revenues increased by 6% to $593,000,000, with organic growth at 3% [6][17] - **FirstService Brands**: Revenues rose by 11% to $823,000,000, with EBITDA up 23% to $95,000,000 and a margin of 11.6%, up 110 basis points [7][19] - **Restoration Brands**: Revenues increased by approximately 6%, with organic growth at 2% [7] - **Roofing Segment**: Revenues increased by 25% due to acquisitions, but organic revenues declined by about 10% [10][11] - **Century Fire**: Revenues grew over 15%, with strong organic growth hitting double digits [12] Market Data and Key Metrics Changes - The number of claims and jobs in the restoration segment increased, reflecting efforts to sign new national accounts [8] - Storm-related revenues remained modest, similar to the previous year [8] - The roofing segment experienced a slowdown in large commercial reroof and new construction projects, but demand drivers remain strong [11][56] Company Strategy and Development Direction - The company aims to achieve high single-digit revenue growth and margin expansion driving towards double-digit EBITDA growth for the year [22] - Focus on tuck under acquisitions to enhance growth in various segments, particularly in fire protection and restoration [12][21] - The company is optimistic about pent-up demand and potential interest rate reductions impacting future activity levels [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in returning to mid single-digit organic growth in the residential business despite community budgetary pressures [26][27] - The company anticipates a stronger Q3 with revenues up over 10% in the roofing segment and flat organic revenues [10][12] - Management noted that the restoration business will continue to benefit from national accounts and improved positioning, which will help during catastrophic events [38] Other Important Information - Operating cash flow for the quarter was $163,000,000, exceeding EBITDA, with a year-to-date cash flow increase of 67% [20][21] - The company paid down nearly $70,000,000 of debt during the quarter, reducing leverage to 1.8 times net debt to EBITDA [21] Q&A Session Summary Question: Confidence in return to mid single-digit organic growth in residential business - Management noted that community budgetary pressures are normalizing and do not expect significant impact on organic growth going forward [26][27] Question: Margin improvement in FirstService Brands with accelerating organic growth - Management confirmed that traditional operating leverage would benefit from accelerating top-line growth, particularly in home improvement and restoration [28][29] Question: Improvement needed for roofing backlog - Management indicated that tariff uncertainty and interest rate expectations are causing hesitation, but they have started to see a pickup in bookings [31][32] Question: Restoration business reliance on large storm activity - Management clarified that while national accounts improve revenue in moderate weather, large storm events will still be significant for the business [37][38] Question: Dynamics behind fire protection business outperforming - Management attributed the growth to increased focus on repair service and inspection, balancing the business between installation and service [44][45] Question: M&A opportunities given current leverage - Management stated that they remain open to larger acquisitions if strategic fit exists, despite focusing on tuck under acquisitions [47][48] Question: Market positioning in home improvement - Management noted that their largest brand, California Closets, caters to a broad spectrum of consumers, with growth influenced by affluent customers [51][52] Question: Volatility in roofing results - Management acknowledged current macro influences on roofing but expressed confidence in their market position and demand drivers [55][56]

Group 1: Earnings Performance - FirstService reported quarterly earnings of $1.71 per share, exceeding the Zacks Consensus Estimate of $1.45 per share, and up from $1.36 per share a year ago, representing an earnings surprise of +17.93% [1] - The company posted revenues of $1.42 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 1.30%, compared to $1.3 billion in the same quarter last year [2] Group 2: Stock Performance and Outlook - FirstService shares have declined approximately 1.1% since the beginning of the year, while the S&P 500 has gained 8.1% [3] - The current consensus EPS estimate for the upcoming quarter is $1.77 on revenues of $1.48 billion, and for the current fiscal year, it is $5.61 on revenues of $5.56 billion [7] Group 3: Industry Context - The Real Estate - Operations industry, to which FirstService belongs, is currently ranked in the top 37% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - RE/MAX, another company in the same industry, is expected to report a quarterly earnings decline of -14.6% with revenues projected at $73.47 million, down 6.4% from the previous year [9][10]

EXHIBIT 99.1 FirstService Reports Second Quarter 2025 Results TORONTO, July 24, 2025 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX: FSV; NASDAQ: FSV) today reported results for its second quarter ended June 30, 2025. All amounts are in US dollars. Consolidated revenues for the second quarter were $1.42 billion, a 9% increase relative to the same quarter in the prior year. Adjusted EBITDA (note 1) increased 19% to $157.1 million, and Adjusted EPS (note 2) was $1.71, reflecting 26% growth over the prior y ...

Core Insights - FirstService Corporation reported strong financial results for the second quarter of 2025, with consolidated revenues of $1.42 billion, reflecting a 9% increase year-over-year [2][3] - Adjusted EBITDA for the quarter was $157.1 million, a 19% increase compared to the same period last year, while Adjusted EPS grew by 26% to $1.71 [2][3] - The company’s GAAP Operating Earnings reached $97.3 million, up from $83.9 million in the prior year, and GAAP diluted EPS was $1.01, an increase from $0.78 [2][3] Financial Performance - For the six months ended June 30, 2025, consolidated revenues totaled $2.67 billion, a 9% increase from the same period in 2024 [3] - Adjusted EBITDA for the first half of 2025 was $260.4 million, up 21%, and Adjusted EPS increased by 30% to $2.63 [3] - GAAP Operating Earnings for the six months were $136.5 million, compared to $122.0 million in the prior year, with GAAP diluted EPS at $1.07, up from $0.92 [3] Segment Performance - FirstService Residential reported revenues of $593.0 million for the second quarter, a 6% increase year-over-year, with an Adjusted EBITDA of $65.5 million, up 11% [7] - FirstService Brands saw revenues grow to $822.7 million, an 11% increase, with Adjusted EBITDA rising 23% to $95.2 million [8] - The increase in operating margins for both segments was attributed to ongoing operational efficiencies and improvements [7][8] Corporate Overview - FirstService Corporation is a leader in the essential outsourced property services sector in North America, operating through two main platforms: FirstService Residential and FirstService Brands [5] - The company generates over $5.4 billion in annual revenues and employs approximately 30,000 people across North America [6] - FirstService is included in the S&P/TSX 60 index and trades on both NASDAQ and the Toronto Stock Exchange under the symbol "FSV" [6]

Company Overview - FirstService Corporation is a North American leader in the property services sector, operating through two main platforms: FirstService Residential, the largest manager of residential communities in North America, and FirstService Brands, a major provider of essential property services through company-owned operations and franchise systems [4]. - The company generates over US$5.3 billion in annual revenues and employs approximately 30,000 individuals across North America [5]. - FirstService's shares are traded on NASDAQ and the Toronto Stock Exchange under the symbol "FSV" and are included in the S&P/TSX 60 index [5]. Upcoming Financial Results - FirstService will release its financial results for the second quarter ended June 30, 2025, on July 24, 2025, at approximately 7:30 am ET [1]. - A conference call to review these results will be held on the same day at 11:00 am ET, hosted by CEO D. Scott Patterson and CFO Jeremy Rakusin [2]. - The conference call will be available via live webcast on the company's website, and a replay will be accessible afterward in the "Investors" section [3].