EXHIBIT 99.1 FirstService Reports Very Strong First Quarter Results Robust Organic Top-Line Growth Drives Profitability Operating highlights: | | | | Three months | | | --- | --- | --- | --- | --- | | | | | ended March 31 | | | | | 2023 | | 2022 | | Revenues (millions) | $ | 1,018.4 | $ | 834.6 | | Adjusted EBITDA (millions) (note 1) | | 82.1 | | 62.3 | | Adjusted EPS (note 2) | | 0.85 | | 0.73 | | GAAP Operating Earnings (millions) | | 41.0 | | 29.0 | | GAAP EPS | | 0.36 | | 0.32 | Consolidated revenues fo ...

FirstService Corporation (NASDAQ:FSV) Q4 2022 Results Conference Call February 7, 2023 11:00 AM ET Company Participants Scott Patterson - CEO Jeremy Rakusin - CFO Conference Call Participants Stephen MacLeod - BMO Capital Stephen Sheldon - William Blair Daryl Young - TD Securities Frederic Bastien - Raymond James Operator Good day, ladies and gentlemen, and thank you for standing-by. Welcome to the FirstService Corporation Fourth Quarter 2022, Earning Conference Call. Today’s call is being recorded. Legal c ...

EXHIBIT 99.1 FirstService Reports Strong Fourth Quarter and Full Year Results Performance Driven by Robust Organic Top-Line Growth Across Both Divisions Operating highlights: | | Three months ended | | | | Year ended | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | December 31 | | | | December 31 | | | | | | 2022 | | | 2021 | 2022 | | | 2021 | | Revenues (millions) | $ | 1,020.1 | $ | 856.9 | $ | 3,745.8 | $ | 3,249.1 | | Adjusted EBITDA (millions) (note 1) | | 102.5 | | 83.5 | | 351.7 | ...

For the nine months ended September 30, 2022, consolidated revenues were $2.73 billion, a 14% increase relative to the comparable prior year period, Adjusted EBITDA was $249.2 million, up 2%, and Adjusted EPS was $3.02, compared to $3.36 in the prior year period. FirstService's GAAP Operating Earnings were $151.6 million in the current year period, versus $156.8 million in the prior year. The GAAP diluted earnings per share for the nine months year-to-date was $1.86, compared to $2.35 in the prior year peri ...

Financial Data and Key Metrics Changes - Total revenues for Q2 2022 increased by 12% year-over-year, with organic revenue growth at 6% [5] - EBITDA for the quarter was $91.3 million, slightly up from Q2 2021, reflecting a margin of 9.8%, down from 10.8% in the prior year [5][12] - Adjusted EPS was $1.12, down from $1.21 in the prior year quarter [12] Business Line Data and Key Metrics Changes - **FirstService Residential**: Revenues increased by 13% year-over-year with organic growth at 7%, driven by new contract wins [6][14] - **FirstService Brands**: Revenues were up 11%, with organic growth at 4%. Home improvement brands led with 25% growth, almost all organic [7][15] - **Restoration Brands**: Revenues were down slightly year-over-year, with a 10% organic decline when adjusted for acquisitions [9][18] - **Century Fire**: Achieved over 20% organic growth compared to the previous year, driven by strong commercial construction activity [11] Market Data and Key Metrics Changes - Strong growth was noted in the Southeast and Texas markets for FirstService Residential [6] - The home improvement market remains robust, supported by rising home prices and high home equity values [7] - Restoration revenues were affected by the absence of significant weather events compared to the previous year [10] Company Strategy and Development Direction - The company aims to close the margin gap in the FirstService Residential division by year-end [24] - Investments are being made in the restoration operating platform to capitalize on market opportunities and drive towards a $2 billion revenue service line [19][88] - The company is focused on building capacity to meet demand while navigating a challenging labor market [6][31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in strong organic growth indicators across service lines, supporting double-digit revenue growth for the remainder of the year [24] - The company anticipates that any significant uptick in weather-related activity in the latter half of the year will enhance profitability [26] - Management acknowledged ongoing inflationary pressures impacting margins but expects to improve efficiencies and close the margin gap [34][63] Other Important Information - Operating cash flow was approximately $62 million after working capital requirements, with a year-to-date CapEx of $36 million [21] - The company has a net debt position of $512 million, with a leverage ratio of 1.5 times [23] - Liquidity remains strong at approximately $550 million, positioning the company well for potential market opportunities [23] Q&A Session Summary Question: Capacity to service current demand levels - Management indicated that leads are down less than 10% year-over-year but are still at a healthy level, with a focus on converting leads into business [30] Question: Margin expectations in brands and residential - Management noted that weather activity will influence margins, with expectations for restoration margins to improve with increased weather events [32][34] Question: Organic growth expectations in residential - Management expects high-single digit organic growth, primarily from new contract wins and some price increases [39] Question: M&A activity and competitive dynamics - Management confirmed ongoing discussions for acquisitions across both divisions, with a balanced focus on restoration and residential [45][46] Question: Free cash flow trends - Management anticipates improved free cash flow conversion for the remainder of the year, aiming for 50% conversion as a percentage of EBITDA [53] Question: Backlog and pricing dynamics - Management clarified that backlog is primarily relevant to restoration brands, with expectations for continued healthy performance into early 2023 [73][75] Question: Impact of inflation on pricing - Management believes that the inflationary environment may ease price competition, allowing for continued price pass-throughs [85]

EXHIBIT 99.1 FirstService Reports Second Quarter 2022 Results Continued Strong Top-Line Growth Across Operations Operating highlights: | | Three months ended | | | | Six months ended | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | June 30 | | | | June 30 | | | | | | 2022 | | | 2021 | | 2022 | | 2021 | | Revenues (millions) | | $ 930.7 | $ | 831.6 | $ | 1,765.3 | $ | 1,542.7 | | Adjusted EBITDA (millions) (note 1) | | 91.3 | | 89.9 | | 153.7 | | 149.6 | | Adjusted EPS (note 2) | | 1.12 | ...

FirstService Corporation (NASDAQ:FSV) Q1 2022 Earnings Conference Call April 27, 2022 11:00 AM ET | --- | |---------------------------------------| | | | Company Participants | | Scott Patterson - CEO | | Jeremy Rakusin - CFO | | Conference Call Participants | | George Doumet - Scotiabank | | Stephen MacLeod - BMO Capital Markets | | Faiza Alwy - Deutsche Bank | | Scott Fromson - CIBC | | Stephen Sheldon - William Blair | | Daryl Young - TD Securities | Operator Welcome to the First Quarter Investors' Confe ...

EXHIBIT 99.1 FirstService Reports Better Than Anticipated First Quarter Results Robust Top-Line Growth Across All Business Lines Operating highlights: | | | | Three months | | | | --- | --- | --- | --- | --- | --- | | | | | ended March 31 | | | | | 2022 | | | 2021 | | | Revenues (millions) | $ | 834.6 | | $ | 711.1 | | Adjusted EBITDA (millions) (note 1) | | 62.3 | | | 59.8 | | Adjusted EPS (note 2) | | 0.73 | | | 0.66 | | GAAP Operating Earnings (millions) | | 29.0 | | | 33.9 | | GAAP EPS | | 0.32 | | | 0. ...

FirstService Corporation (NASDAQ:FSV) Q4 2021 Earnings Conference Call February 15, 2022 11:00 AM ET Company Participants Scott Patterson - Chief Executive Officer Jeremy Rakusin - Chief Financial Officer Conference Call Participants George Doumet - Scotiabank Stephen MacLeod - BMO Capital Stephen Sheldon - William Blair Scott Fromson - CIBC Daryl Young - TD Securities Operator Welcome to the Fourth Quarter and Year End Investors Conference Call. TodayÂ's call is being recorded. Legal counsel requires us to ...

Financial Data and Key Metrics Changes - Total revenues for Q3 2021 were $849 million, up 14% year-over-year, with organic revenue growth at 8% [6][22] - EBITDA for the quarter was $94 million, reflecting a 6% increase compared to 2020, with a margin of 11.1% down from 12% in the prior year [7][22] - Earnings per share were $1.50, compared to $1.19 last year, marking a 26% increase [7][22] - Year-to-date revenues reached $2.39 billion, up 20% from $2 billion in the prior year, with 13% organic growth [24] Business Line Data and Key Metrics Changes - FirstService Residential revenues increased by 13% with organic growth at 8%, driven by the reopening of seasonal amenities [8][25] - FirstService Brands revenues rose by 16%, with 9% organic growth, although capacity issues due to labor shortages and supply chain challenges were noted [11][28] - Restoration brands, including FirstOnSite and Paul Davis, achieved over 10% growth, with mid-single digit organic growth [14][29] Market Data and Key Metrics Changes - The company reported strong organic growth across all platforms, particularly in FirstService Residential and Century Fire [6][19] - The Home Improvement market remains robust, with record levels of leads and bookings despite challenges [11][12] Company Strategy and Development Direction - The company aims to enhance its market presence in a $60 billion market, focusing on major markets across North America [44] - There is a strategic emphasis on building day-to-day business and reducing dependence on weather-related events [42] - The company plans to continue tuck-under acquisitions while focusing on organic growth [70][71] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued organic growth, expecting high single-digit revenue growth in Q4 [38] - Labor inflation and availability are significant challenges, impacting all business lines, particularly in Home Improvement [59][66] - The company anticipates a return to low to mid-single digit organic growth for FirstService Residential in 2022, while Home Improvement is expected to remain strong [54] Other Important Information - The company incurred a $2 million increase in corporate costs year-over-year, reflecting a normalization of expenses [30] - A gain of $12.5 million was realized from the sale of a non-core pest control business, contributing $0.21 to adjusted earnings per share [32] - The company invested $46 million in tuck-under acquisitions during the quarter, with a strong deal pipeline [33] Q&A Session Summary Question: Can you provide insight into the low double-digit organic growth in restoration excluding storm activity? - Management indicated that growth is driven by executing the growth plan and leveraging the branch network, with a focus on high-end customers [42] Question: What is the strategy for M&A in the restoration segment? - The company aims to strengthen its presence in major markets, as it holds a modest market share in a large market [44] Question: How does the company plan to adjust pricing and wages in the residential segment? - Most of the organic growth is volume-driven, with expectations to recoup wage inflation through price increases during contract renewals [45][46] Question: What trends are observed in average ticket size in Home Improvement brands? - The company is seeing increases in average job size, with consumers booking larger renovation projects [48][49] Question: What is the outlook for the remaining 10% of residential facilities that are not yet open? - Many of these facilities are seasonal and are expected to fully resume operations in 2022 [51][52] Question: How does management view labor inflation and its impact on growth? - Labor inflation has intensified, impacting all business lines, with management focusing on retaining trusted employees [66] Question: What is the expected growth rate for the restoration business through 2025? - The company targets mid-single digit growth over the long term, with a focus on organic growth and strategic acquisitions [70]