FirstService Corp

FSV

Equity

ISIN CA33767E2024 / Valor 47898117

Toronto Stock Exchange (2024-12-24)

CAD 265.40+0.53%

FirstService Corp
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About company

FirstService Corp is a leading provider of essential property services in North America, offering residential and commercial customers a wide range of services through its individually branded franchise systems and company-owned operations. The company operates through two industry-leading platforms, FirstService Residential and FirstService Brands, with a focus on delivering exceptional client service and solutions that enhance the value of properties and the lifestyle of residents in the communities it manages. With over 9,000 communities under management, FirstService Corp generates over US$4.3 billion in annual revenues and employs approximately 29,000 people across North America.

Summarized from source with an LLMView SourceSector: Finance

Revenue Growth

In the year ended December 31, 2023, FirstService Corp reported revenues of $4,334,548 thousand, marking a significant increase from the $3,745,835 thousand reported in 2022. This growth highlights the company's resilient and diversified business model, which has driven three decades of compounded annual growth primarily through organic expansion.

Operating Earnings

FirstService Corp's operating earnings for the year ended December 31, 2023, were $244,892 thousand, up from $219,026 thousand in the previous year. This increase reflects the company's ability to effectively manage its operations and maintain profitability despite challenging market conditions.

Net Earnings

The net earnings for FirstService Corp in the year ended December 31, 2023, were $147,021 thousand, slightly higher than the $145,007 thousand reported in 2022. This steady performance underscores the company's strong financial position and its capacity to generate consistent returns for shareholders.

Dividends

FirstService Corp declared cash dividends of $0.90 per common share for the year ended December 31, 2023, an increase from the $0.81 per share distributed in 2022. This rise in dividends reflects the company's commitment to delivering value to its shareholders through regular and increasing dividend payments.

Adjusted EBITDA and EPS

For the year ended December 31, 2023, FirstService Corp reported an adjusted EBITDA of $415,728 thousand, up from $351,732 thousand in 2022. Additionally, the adjusted earnings per share (EPS) increased to $4.66 from $4.24, indicating improved operational efficiency and profitability.

Summarized from source with an LLMView Source

Key figures

22.7%1Y

8.63%3Y

111%5Y

Performance

17.6%1Y

23.6%3Y

28.7%5Y

Volatility