FirstService Corporation (TSX and NASDAQ: FSV) has announced that its Annual Meeting of Shareholders will take place on April 2, 2025, at 11:00 a.m. ET. The meeting will be available to watch live online, and you can find it on FirstService's website in the "Investors" section or directly on the LUMI AGM platform. Additionally, the company will release its First Quarter 2025 results on April 24, 2025.
TORONTO, Feb. 26, 2025 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX: FSV; NASDAQ: FSV) announced that it has renewed and expanded its unsecured revolving credit facility for a new five-year term that will end in February 2030, replacing the previous one that was due to expire in February 2027. The updated Credit Facility now allows for borrowing up to US$1.75 billion, an increase from the previous US$1.25 billion, and FirstService can also raise it by an additional US$250 million if needed. This facility will be used for working capital, general corporate needs, and to support future acquisitions.
FirstService Corporation (NASDAQ:FSV) will hold its Q4 2024 Earnings Conference Call on February 5, 2025, at 11:00 AM ET. The call will feature company leaders Scott Patterson, the CEO, and Jeremy Rakusin, the CFO, along with various participants from financial institutions. Please note that this call is being recorded.
Operating highlights for FirstService Corporation show significant growth for the three months and year ending December 31, 2024. Revenues reached $1,365.3 million for the quarter and $5,216.9 million for the year, while adjusted EBITDA was $137.9 million and $513.7 million, respectively. The company reported a GAAP EPS of $0.71 for the quarter and $2.97 for the year.
TORONTO, Feb. 04, 2025 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX: FSV; NASDAQ: FSV) has announced that its Board of Directors has approved a 10% rise in the quarterly cash dividend for its Common Shares, increasing it to US$0.275 from US$0.25. This dividend will be paid on April 7, 2025, to shareholders who own Common Shares as of the end of business on March 31, 2025.
TORONTO, Jan. 14, 2025 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) has announced that it will publish its financial results for the fourth quarter, which ended on December 31, 2024. The press release will be issued on Wednesday, February 5, 2025, around 7:30 am ET.
FirstService (FSV) is now considered an oversold stock, meaning that the intense selling pressure has likely ended. Additionally, many Wall Street analysts are raising their earnings estimates, suggesting that the stock may experience a positive change soon.
FirstService reported strong results for Q3'24, with a 25% increase in restoration brands and the purchase of Roofing Corp of America, even though the residential sector faced some difficulties. They anticipate that revenue growth for Q4'24 will be over 20%, and for the entire fiscal year 2024, it will be close to 20%, indicating ongoing strength and stability. While there are risks like unpredictable weather impacting restoration services and regulatory issues in the residential area, the company's varied business model helps reduce these risks.
FirstService (FSV) has received a Zacks Rank #2 (Buy), indicating increased confidence in the company's potential earnings. This could lead to a rise in the stock price soon.
TORONTO, Dec. 05, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX: FSV; NASDAQ: FSV) has announced that its Board of Directors has approved a quarterly cash dividend of US$0.25 per Common Share. This dividend will be paid on January 7, 2025, to shareholders who own Common Shares as of the end of business on December 31, 2024. For Canadian tax purposes, this dividend is considered an "eligible dividend."