FirstService 1Q Profit Rises as Segment Strength Lifts Revenue

Dow Jones

Apr 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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