FirstService Corp Reports Fourth Quarter and Full Year Results
FirstService Corp has announced its fourth quarter and full year financial results, with revenues increasing by 27% year-over-year. The company’s adjusted EBITDA and earnings per share also saw significant growth.
Key Highlights
- Revenues increased by 27% year-over-year
- Adjusted EBITDA and earnings per share saw significant growth
- Strong performance in the Brands segment contributed to growth
Segment Performance
The company’s Brands segment has driven growth, with contributions from the Roofing Corp of America acquisition. The acquisition has particularly contributed to growth in the Restoration segment.
Financial Performance
- Revenues exceeded forecasts
- Earnings per share missed expectations
Market Reaction
The company’s recent heavy selling has led to an oversold territory, with some investors viewing this as a potential buying opportunity.