EXHIBIT 99.1 FirstService Reports First Quarter Results Double-Digit Revenue Growth Across Both Divisions Operating highlights: | | | | Three months | | | --- | --- | --- | --- | --- | | | | | ended March 31 | | | | 2024 | | | 2023 | | Revenues (millions) | $ $ | 1,158.0 | | 1,018.4 | | Adjusted EBITDA (millions) (note 1) | | 83.4 | | 82.1 | | Adjusted EPS (note 2) | | 0.67 | | 0.85 | | GAAP Operating Earnings (millions) | | 38.1 | | 41.0 | | GAAP EPS | | 0.14 | | 0.36 | TORONTO, April 24, 2024 (GLOBE NEWSW ...

Operating highlights:   Three months  ended March 31  2024 2023       Revenues (millions)$1,158.0 $1,018.4Adjusted EBITDA (millions) (note 1) 83.4  82.1Adjusted EPS (note 2) 0.67  0.85       GAAP Operating Earnings (millions) 38.1  41.0GAAP EPS 0.14  0.36       TORONTO, April 24, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX:FSV, NASDAQ:FSV) today reported operating and financial results for its first quarter ended March 31, 2024. All amounts are in US dollars. Consolidated revenues for the first q ...

TORONTO, April 10, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (NASDAQ:FSV) ("FirstService") announced today that its subsidiary, First Onsite Property Restoration ("First Onsite"), has recently acquired All Restoration Solutions, LLC ("ARS" or the "Company"). The executive leaders of ARS will continue to hold a minority equity stake and oversee day-to-day operations. Terms of the transaction were not disclosed. Established in 2006 and based in Atlanta, Georgia, ARS is a leading provider of commercial ...

TORONTO, April 03, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX:FSV) (NASDAQ:FSV) ("FirstService") today announced that at its annual meeting of shareholders, held virtually earlier today, the eight director nominees listed in FirstService's management information circular dated February 23, 2024 (the "Circular") were elected as directors of FirstService. Directors have been elected to serve until the close of the next annual meeting of shareholders. The detailed results of the vote are set out be ...

Annual Meeting of Shareholders on April 3, 2024 Release of First Quarter 2024 Results on April 24, 2024 TORONTO, March 21, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (NASDAQ:FSV) ("FirstService") announced today that it will hold its Annual Meeting of Shareholders on Wednesday, April 3, 2024 at 11:00 a.m. ET. The meeting will be webcast live and can be either accessed via FirstService's website at www.firstservice.com in the "Investors" section under the "Newsroom" tab prior to the meeting or by acce ...

TORONTO, Feb. 27, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (NASDAQ:FSV) ("FirstService") announced today that FirstService Residential, the North American property management leader, has recently acquired a controlling interest in Rizzetta & Company ("Rizzetta" or the "Company"). William "Bill" Rizzetta, Founder and President, will retain a significant equity stake in the Company and will continue to lead its operations. Terms of the transaction were not disclosed. Based in Tampa, Florida and found ...

Conference Call Participants Tom Callaghan - RBC I would like to turn the call over to Chief Executive Officer, Mr. Scott Patterson. Please go ahead. We've had some time now to reflect on these results for the year, and we could not be more proud of our teams for how they performed. 2023 represents the third consecutive year with organic growth at 10%, and that is a reflection on our teams and their ability to consistently gain market share. Let me go through each segment and I'll start with restoration, wh ...

Financial Performance - Consolidated revenues for Q4 2023 were $1.08 billion, a 6% increase compared to Q4 2022[3] - Adjusted EBITDA for Q4 2023 was $103.3 million, up 1% year-over-year, while Adjusted EPS decreased to $1.11 from $1.22[3] - For the full year 2023, consolidated revenues reached $4.33 billion, a 16% increase from 2022, with 10% organic growth[5] - Adjusted EBITDA for the full year was $415.7 million, an 18% increase, and Adjusted EPS rose to $4.66 from $4.24[5] - FirstService Residential generated Q4 revenues of $496.3 million, a 12% increase, with 9% organic growth driven by new contract wins[9] - FirstService Brands recorded Q4 revenues of $583.0 million, a 1% increase, but a 7% decline on an organic basis due to milder weather[10] - For the full year, FirstService Residential reported revenues of $2.0 billion, a 13% increase, while FirstService Brands revenues were $2.34 billion, up 18%[12][13] - Adjusted net earnings for the twelve months ended December 31, 2023, increased to $208,842,000, up 10.7% from $188,588,000 in 2022[26] - Revenues for the twelve months ended December 31, 2023, reached $4,334,548,000, representing a 15.7% increase from $3,745,835,000 in 2022[28] Earnings and Profitability - Operating earnings for Q4 2023 were $48.1 million, down from $67.5 million in Q4 2022, primarily due to fair value adjustments on acquisitions[4] - Net earnings for Q4 2023 were $23,783,000, a decrease of 46.4% compared to $44,339,000 in Q4 2022[26] - Adjusted earnings per share for Q4 2023 were $1.11, down 9.0% from $1.22 in Q4 2022[28] - Yearly operating earnings for 2023 amounted to $244,892, an increase from $219,026 in 2022, demonstrating overall growth despite quarterly fluctuations[33] Costs and Expenses - Corporate costs for the full year were $36.6 million, an increase from $31.5 million in the prior year, mainly due to stock-based compensation[14] - The company incurred acquisition-related items totaling $16,485,000 in Q4 2023, significantly higher than $599,000 in Q4 2022[28] Cash Flow and Assets - Cash provided by operating activities for Q4 2023 was $110,446,000, compared to $54,018,000 in Q4 2022[32] - Total assets as of December 31, 2023, were $3,631,737,000, an increase of 31.0% from $2,774,514,000 in 2022[30] - Cash, cash equivalents, and restricted cash at the end of the period stood at $206,877, up from $159,348 year-over-year[33] Debt and Investments - Long-term debt increased to $1,144,975,000 as of December 31, 2023, from $698,798,000 in 2022[31] - The company reported a net cash used in investing activities of $465,604,000 for Q4 2023, compared to $81,815,000 in Q4 2022[32] Future Outlook - The company expects continued organic growth and profitability across its divisions, with a focus on market share gains[6] - The company continues to focus on expanding its market presence and enhancing its service offerings in both Residential and Brands segments[33] - Future outlook remains positive with ongoing investments in new product development and technology advancements[33] - The company is exploring strategic acquisitions to further bolster its market position and drive growth[33]

Very helpful. Thanks guys. Awesome. Thanks. I will turn it back. Thank you, Michelle and thank you all for joining us today. We look forward to our Q4 and year-end report in early February. Take care. In the case of restoration, I would say that our activity would be slowing. Our footprint is starting to fill out. And we will become more of an organic growth engine as we have been and are at FirstService Residential. We still have white space that we are focused on. But I would see the next few years wonÂ't ...

EXHIBIT 99.1 FirstService Reports Third Quarter 2023 Results Strong Organic Top-Line Growth Drives Financial Performance Operating highlights: | | Three months ended | | | | Nine months ended | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | September 30 | | | | September 30 | | | | | | 2023 | | | 2022 | 2023 | | | 2022 | | Revenues (millions) | $ | 1,117.1 | $ | 960.5 | $ | 3,255.3 | $ | 2,725.7 | | Adjusted EBITDA (millions) (note 1) | | 111.9 | | 95.5 | | 312.4 | | 249.2 | | Adjusted EP ...