FirstService Corp Exceeds Q2 2025 Earnings Expectations
FirstService Corp has reported second-quarter 2025 earnings that exceeded market expectations. The company’s financial performance has led to a significant increase in its stock price.
Share Repurchase Program
The company has announced a normal course issuer bid, which allows it to repurchase up to 1.6 million of its outstanding shares. This move is intended to reduce the company’s share count and potentially boost its stock price.
Approval and Implementation
The Toronto Stock Exchange has approved the bid, giving FirstService Corp the necessary authorization to proceed with the share repurchases. As a result, the company’s stock price has increased, reflecting investor confidence in its financial performance.
Key Details
- Up to 1.6 million shares to be repurchased
- Normal course issuer bid approved by the Toronto Stock Exchange
- Share repurchases intended to reduce share count and potentially boost stock price