FirstService 1Q Profit Rises as Segment Strength Lifts Revenue

Dow Jones

04/23

By Adriano Marchese

FirstService logged a higher profit in the first quarter on growth in both its residential property management and property services segments which lifted revenue.

The Toronto-based property-services company posted net income of $23.6 million, or 44 cents a share, up from $14.1 million, or 6 cents a share, in the comparable quarter a year ago.

Adjusted earnings were 95 cents a share. According to FactSet, analysts were expecting 88 cents a share.

Consolidated revenues rose 5% to $1.32 billion, topping Wall Street expectations of a rise to $1.31 billion.

FirstService Residential, it's residential property management segment, saw a 4% increase in revenue thanks to new property management contract wins and expanded sited labor services.

The company's property-services and home-services companies unit, FirstService Brands, logged a 6% rise in revenue, of which 2% of the growth was organic.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

April 23, 2026 07:58 ET (11:58 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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According to FactSet, analysts were expecting 88 cents a share. \n</p>\n<p>\n  Consolidated revenues rose 5% to $1.32 billion, topping Wall Street expectations of a rise to $1.31 billion. \n</p>\n<p>\n  FirstService Residential, it's residential property management segment, saw a 4% increase in revenue thanks to new property management contract wins and expanded sited labor services. \n</p>\n<p>\n  The company's property-services and home-services companies unit, FirstService Brands, logged a 6% rise in revenue, of which 2% of the growth was organic. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 23, 2026 07:58 ET (11:58 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FSV","symbol_name":"FirstService Corporation","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2629883986","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2629883986","pubTimestamp":1776945480,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"FirstService logged a higher profit in the first quarter on growth in both its residential property management and property services segments which lifted  revenue.The Toronto-based property-services company posted net income of $23.6 million, or 44 cents a share, up from $14.1 million, or 6 cents a share, in the comparable quarter a year ago.Adjusted earnings were 95 cents a share. 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