Q3 2025 FirstService Corp Earnings Call Transcript

Oct 23, 2025 / 03:00 PM GMT

Release Date Price: C$233 (-9.73%)

Transcript

Key Points

Positve

Total revenues increased by 4% compared to the previous year, driven by tuck-under acquisitions.
FirstService Residential saw an 8% revenue increase with 5% organic growth, aligning with expectations.
Century Fire reported over 10% revenue growth, supported by robust repair, service, and inspection revenues.
The company maintained a strong balance sheet with net debt of $985 million and leverage at 1.7 times net debt to trailing 12 months EBITDA.
Adjusted EPS grew by 8% quarter over quarter, benefiting from reduced interest rates on lower outstanding debt.

Negative

Organic growth was flat overall, with gains in some segments offset by declines in restoration and roofing platforms.
Revenues for restoration brands were down 7% compared to the prior year, impacted by modest industry-wide claim activity and weather-related damage.
Roofing segment experienced an 8% organic revenue decline due to deferral of large commercial projects and reduction in new construction.
Margins in the brands division compressed by 50 basis points due to negative operating leverage from tempered activity levels.
The company anticipates a significant drop in Q4 revenues from named storms, impacting the restoration segment.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FSV.TO - FirstService Corp
Q3 2025 FirstService Corp Earnings Call
Oct 23, 2025 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to the first Service Corporation 3rd quarter investors conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press 11 again. Today's call is being recorded. Legal counsel requires us to advise that the discussion scheduled to take place today may contain forward-looking statements that involve known and unknown risks and uncertainties. Actual results may be materially different from any future results, performance, or achievements contemplated in the

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