Q4 2025 FirstService Corp Earnings Call Transcript
Key Points
- FirstService Corp (FSV) reported a 5% increase in consolidated revenues for 2025, reaching $5.5 billion.
- The company achieved a 10% increase in consolidated EBITDA, reflecting a 40 basis point improvement in margins.
- Earnings per share grew by 15% year-over-year, demonstrating strong financial performance.
- FirstService Residential division saw an 8% revenue increase in Q4, with a 12% rise in EBITDA, indicating robust growth.
- Century Fire Protection experienced over 10% revenue growth in Q4, driven by high single-digit organic growth.
- FirstService Brands division reported a 3% decline in revenues for Q4, with a 7% organic decline.
- The restoration segment faced a 13% revenue drop compared to the prior year, impacted by fewer named storms.
- Roofing segment revenues were down organically by over 5%, with a muted demand environment.
- The company anticipates organic growth pressure in early 2026 due to declines in certain amenity management services.
- Competitive pressures in the roofing segment have compressed gross margins, with intensified competition.
Welcome to the fourth quarter Investors conference call. 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 forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in the company's annual information form as filed with the Canadian Securities Administrators and in the company's annual report on Form 40 as filed with the US Securities and Exchange Commission. As a reminder, today's call is being recorded. Today is February 4, 2026. I would now like to turn the call over to Chief Executive Officer Mr. Scott Patterson. Please go ahead, sir.
Thank you, Tania. Good morning, everyone and welcome to
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