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Century Fire Protection Acquires Citadel Fire Sprinkler and Sentry Fire Protection
Newsfilter· 2024-07-30 11:30
TORONTO, July 30, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) ("FirstService") announced today that its subsidiary, Century Fire Protection ("Century"), has recently acquired Citadel Fire Sprinkler, Inc. ("Citadel") and Sentry Fire Protection Co., Inc. ("Sentry"). The existing management teams of both businesses have retained minority equity interests and will continue to oversee their respective day-to-day operations. Terms of the two transactions were not disclosed. "These addi ...
Century Fire Protection Acquires Citadel Fire Sprinkler and Sentry Fire Protection
GlobeNewswire News Room· 2024-07-30 11:30
FirstService generates more than US$4.6 billion in annual revenues and has approximately 30,000 employees across North America. With significant insider ownership and an experienced management team, FirstService has a long-term track record of creating value and superior returns for shareholders. The Common Shares of FirstService trade on the NASDAQ and the Toronto Stock Exchange under the symbol "FSV", and are included in the S&P/TSX 60 index. Established in 2008 and based in Asheboro, North Carolina, Sent ...
FirstService: Q2 Results Highlight Further Growth Ahead For This Compounder
Seeking Alpha· 2024-07-29 06:57
Please note all $ figures in $USD, not $CAD, unless otherwise stated. Company Overview Adjusted EPS (note 2) FirstService Residential: Largest provider of residential community and amenity management · TTM Adjusted EBITDA(3): $431MM When looking at the recent results for FirstService, the company reported revenues of $1,298 million, which was up 15.9% compared to last year. On adjusted EBITDA, FirstService saw adjusted EBTIDA climbed 11.9% to $132.5 million. However, on earnings, EPS declined from $1.46 las ...
FirstService(FSV) - 2024 Q2 - Earnings Call Transcript
2024-07-25 20:47
Himanshu Gupta Jeremy Rakusin  Scott Patterson Jeremy Rakusin Daryl Young So in general, we're able to attract talent and keep it, which does help us at FirstService Residential, certainly. It's a very labor-intensive business and our contracts require in many cases, a certain headcount. And so keeping, maintaining that headcount in line with our contractual obligations, maintains our revenue, and we struggled with that in 2022. Jeremy Rakusin Okay. Great. Thanks guys. Scott Patterson Stephen MacLeod – BMO ...
FirstService (FSV) Tops Q2 Earnings and Revenue Estimates
ZACKS· 2024-07-25 13:50
FirstService (FSV) came out with quarterly earnings of $1.36 per share, beating the Zacks Consensus Estimate of $1.26 per share. This compares to earnings of $1.46 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 7.94%. A quarter ago, it was expected that this property services provider would post earnings of $0.66 per share when it actually produced earnings of $0.67, delivering a surprise of 1.52%. Over the last four quarters ...
FirstService(FSV) - 2024 Q2 - Quarterly Report
2024-07-25 12:45
EXHIBIT 99.1 FirstService Reports Second Quarter 2024 Results | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------|-------|-------|-----------------------------------|-------|-------------|-------------------------|------------|---------| | | | | Three months ended June 30 \n2024 | | \n2023 | Six months ended \n2024 | June 30 \n | 2023 | | Revenues (millions) | $ | | 1,297.5 | $ | 1,119.7 $ | 2,455.5 | $ | 2,138.2 | | Adjusted EBITDA (millions) (note 1) | | | 132.5 ...
FirstService to Announce Second Quarter Results on July 25, 2024
Newsfilter· 2024-07-09 11:30
About FirstService Corporation FirstService Corporation is a North American leader in the property services sector, serving its customers through two industry-leading service platforms: FirstService Residential, North America's largest manager of residential communities; and FirstService Brands, one of North America's largest providers of essential property services delivered through individually branded company-owned operations and franchise systems. FirstService generates more than US$4.4 billion in annua ...
FirstService to Announce Second Quarter Results on July 25, 2024
GlobeNewswire News Room· 2024-07-09 11:30
TORONTO, July 09, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) ("FirstService") announced today that it will release its financial results for the second quarter ended June 30, 2024 by press release on Thursday, July 25, 2024 at approximately 7:30 am ET. A webcast replay of the call will be available on the Company's website following the call, in the "Investors" section under the tab "Newsroom". FirstService Corporation is a North American leader in the property services sector, ...
FirstService Residential Further Enhances Market Leadership Position in California
Newsfilter· 2024-06-24 11:30
For the latest news from FirstService Corporation, visit www.firstservice.com. ABOUT FIRSTSERVICE CORPORATION Founded in 1999, CitiScape is a leading full-service community association management firm in the San Francisco metropolitan market, providing a range of property management and project management services to high-rise condominium and homeowner association clients. The acquisition solidifies FirstService Residential's market leadership in the Bay Area of Northern California. FirstService Corporation ...
FirstService Residential Further Enhances Market Leadership Position in California
GlobeNewswire News Room· 2024-06-24 11:30
TORONTO, June 24, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) ("FirstService") announced today that FirstService Residential, the North American residential property management leader, has acquired San Francisco-based CitiScape Property Management Group, LLC ("CitiScape"). CitiScape's existing executive team will continue to lead day-to-day operations. Terms of the transaction were not disclosed. Founded in 1999, CitiScape is a leading full-service community association managemen ...