Financial Data and Key Metrics Changes - Total revenues increased by 8% year-over-year, reaching $1.25 billion compared to $1.16 billion in Q1 2024 [5][24]. - Adjusted EBITDA rose by 24% year-over-year to $103.3 million, with an EBITDA margin improvement of 110 basis points to 8.3% [24][36]. - Earnings per share (EPS) grew by 37%, reaching $0.92 [7][24]. Business Line Data and Key Metrics Changes - **FirstService Residential**: Revenues increased by 6% to $525 million, with EBITDA growing by 17% to $41.6 million, resulting in a margin of 7.9% [7][25]. - **FirstService Brands**: Revenues rose by 10% to $726 million, with EBITDA increasing by 22% to $67.8 million, leading to a margin of 9.3% [8][28]. Market Data and Key Metrics Changes - The restoration segment saw mid-single-digit revenue growth, while organic growth remained flat [9][10]. - The roofing segment experienced a nearly 50% revenue increase year-over-year due to acquisitions, but organic revenues declined by about 10% [12][14]. - Century Fire reported mid-single-digit organic growth, bolstered by strong repair and inspection revenues [15]. Company Strategy and Development Direction - The company is focused on enhancing margins and profitability while navigating macroeconomic uncertainties [21][36]. - There is an ongoing emphasis on tuck-under acquisitions to drive growth, with a disciplined approach to capital deployment [33][48]. - The management is optimistic about pent-up demand in the home improvement sector as market stability returns [46][76]. Management's Comments on Operating Environment and Future Outlook - Management acknowledged the impact of economic uncertainty and consumer confidence on business performance, particularly in home services [20][46]. - The company expects continued revenue growth in Q2 similar to the 8% growth rate in Q1, with low double-digit EBITDA growth anticipated [35][36]. - Management remains confident in achieving full-year expectations for 2025 despite current challenges [36]. Other Important Information - The company generated over $75 million in operating cash flow before working capital changes, indicating strong cash flow performance [32]. - Capital expenditures were just shy of $30 million, aligning with full-year guidance of approximately $125 million [32][33]. - The company maintains a conservative leverage ratio of two times net debt to trailing twelve months EBITDA [34]. Q&A Session Summary Question: Exposure to macroeconomic conditions - Management indicated that approximately $1 billion of revenue is exposed to macroeconomic conditions, with half tied to residential and half to commercial sectors [40][41]. Question: Conversion of leads in the brands business - Management noted that while leads are increasing, consumer hesitation due to uncertainty is affecting conversions, but they expect pent-up demand to drive future activity [44][46]. Question: M&A environment and potential targets - Management reported that while some sale processes have been deferred, the market remains active, and they expect to transact in the latter half of the year [48]. Question: Organic decline in roofing segment - Management estimated that the organic decline in roofing was roughly half due to weather-related issues and half due to commercial delays [52]. Question: Restoration pipeline update - Management stated that the conversion of reconstruction work is slow, but the total backlog remains stable, indicating similar revenue levels in Q2 [56]. Question: Shift towards margin-centric management - Management clarified that margin improvement efforts are ongoing, and the current top-line challenges are primarily due to external factors like weather and economic conditions [60][62]. Question: Labor availability and costs - Management confirmed that labor availability has improved significantly, with turnover down to pre-COVID levels and wage inflation stabilizing [81].

Core Viewpoint - FirstService (FSV) reported quarterly earnings of $0.92 per share, exceeding the Zacks Consensus Estimate of $0.84 per share, and showing an increase from $0.67 per share a year ago, representing an earnings surprise of 9.52% [1] Financial Performance - The company posted revenues of $1.25 billion for the quarter ended March 2025, which was 3.03% below the Zacks Consensus Estimate, compared to $1.16 billion in the same quarter last year [2] - Over the last four quarters, FirstService has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Stock Performance and Outlook - FirstService shares have declined approximately 4.6% since the beginning of the year, while the S&P 500 has decreased by 8.6% [3] - The current consensus EPS estimate for the upcoming quarter is $1.51 on revenues of $1.42 billion, and for the current fiscal year, it is $5.63 on revenues of $5.61 billion [7] Industry Context - The Real Estate - Operations industry, to which FirstService belongs, is currently ranked in the bottom 27% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact FirstService's stock performance [5]

Exhibit 99.1 FIRSTSERVICE CORPORATION INTERIM CONSOLIDATED FINANCIAL STATEMENTS Third Quarter September 30, 2024 NOTICE OF NO AUDITOR REVIEW OF INTERIM FINANCIAL STATEMENTS The interim consolidated financial statements of FirstService Corporation, which include the interim consolidated balance sheet as at September 30, 2024 and the interim consolidated statements of earnings, comprehensive earnings, shareholders' equity and cash flows for the three and nine month periods then ended are the responsibility of ...

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 ...

FirstService Corporation Investor Presentation October 2019 FirstService Creating value one step at a time Forward Looking Statements Certain statements included herein constitute "forward‐looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward‐looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially differe ...