FirstService 4Q Profit Slides, Revenue Edges Up

Dow Jones

Feb 04

By Adriano Marchese

FirstService's profit fell in the fourth quarter as softer home- and property-services performance was offset by gains in its residential segment, leaving revenue slightly higher.

The Toronto-based property services company on Wednesday posted a decrease in net income to $85.9 million, down from $89.6 million in the comparable quarter a year ago. On a per share basis, earnings came in at 85 cents, up from 71 cents.

Adjusted earnings were $1.37 a share, coming in ahead of analyst projections of $1.32 a share.

Revenues edged forward to $1.38 billion from $1.37 billion, in line with expectations.

Of its segments, FirstService Brands recorded a 3% decline in revenues to $820.3 million, while its Residential segment got a boost of 8% in the quarter to reach $563.1 million.

Looking forward, Chief Executive Scott Patterson said that as market conditions normalize, the company is positioned to see organic growth return to levels approaching its long-term track record and future targets.

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

(END) Dow Jones Newswires

February 04, 2026 07:56 ET (12:56 GMT)

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

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