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FirstService Corporation (T:FSV)

Business Focus: Real Estate Services

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Sector:  Financials Industry:  Real Estate Services
See Regulatory Filings on SEDAR
Company Contact
Address: 1140 Bay St Suite 4000
Tel: 1-416-9609500
IR: See website
Key People
Jay S. Hennick
Chairman of the Board, Founder
D. Scott Patterson
Chief Executive Officer, Director
Jeremy Rakusin
Chief Financial Officer
Charlie E. Chase
President and Chief Executive Officer of FirstService Brands
Charles M. Fallon
Chief Executive Officer of FirstService Residential
Douglas G. Cooke
Vice President, Corporate Controller and Corporate Secretary
Alex Nguyen
Vice President - Strategy & Corporate Development
Business Overview
Firstservice Corporation is a provider of residential property management and other essential property services to residential and commercial customers. The Company operates through two segments: FirstService Residential and FirstService Brands. FirstService Residential is a property manager and provides ancillary services in the areas of on-site staffing, including building engineering and maintenance, full-service amenity management, security, concierge and front desk personnel, and landscaping; banking and insurance products, and energy conservation and management solutions. FirstService Brands provides essential property services to residential and commercial customers in North America through franchise networks and Company-owned locations. The principal brands in this division include Paul Davis Restoration, California Closets, Certa Pro Painters, Pillar to Post Home Inspectors, Floor Coverings International, College Pro Painters, Century Fire Protection and Service America.
Financial Overview
For the three months ended 31 March 2019, FirstService Corp revenues increased 14% to $485.7M. Net income decreased 62% to $2.3M. Revenues reflect FirstService Residential segment increase of 12% to $319.3M, FirstService Brands segment increase of 17% to $166.3M, United States segment increase of 13% to $455.3M, Canada segment increase of 28% to $30.4M. Net income was offset by Corporate segment loss increase of 23% to $6.6M.
Employees: 20,000 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $4,791M as of Mar 31, 2019
Annual revenue (TTM): $2,675M as of Mar 31, 2019
EBITDA (TTM): $252.22M as of Mar 31, 2019
Net annual income (TTM): $83.45M as of Mar 31, 2019
Free cash flow (TTM): $76.14M as of Mar 31, 2019
Net Debt Last Fiscal Year: $559.02M as of Mar 31, 2019
Shares outstanding: 34,789,003 as of May 13, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization