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FirstService Corporation (T:FSV)

Business Focus: Real Estate Services (NEC)

Sector:  Real Estate Industry:  Real Estate Services
 
Company Contact
Address: 1255 Bay Street, Suite 600
TORONTO ON M5R 2A9
Tel: N/A
Website: https://www.firstservice.com
IR: See website
Key People
D. Scott Patterson
Chief Executive Officer, Director
Jeremy Rakusin
Chief Financial Officer
Charlie E. Chase
President, Chief Executive Officer of FirstService Brands
David Diestel
Chief Executive Officer of FirstService Residential
Douglas G. Cooke
Senior Vice President, Corporate Controller, Corporate Secretary
Steve Carpenter
Senior Vice President - Technology, Sustainability and Information Services
Alex Nguyen
Senior Vice President - Strategy and Corporate Development
   
Business Overview
FirstService Corporation is a provider of residential property management and other property services to residential and commercial customers. Its segments include FirstService Residential and FirstService Brands. FirstService Residential segment provides a range of ancillary services in the areas: on-site staffing, including building engineering and maintenance, full-service amenity management, security, concierge and front desk personnel, banking and insurance products, and energy conservation and management solutions. FirstService Brands segment provides a range of 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, First Onsite Property Restoration, California Closets, Century Fire Protection, CertaPro Painters, Pillar to Post Home Inspectors, and Floor Coverings International. It also provides commercial roofing services.
Financial Overview
For the fiscal year ended 31 December 2023, FirstService Corp revenues increased 16% to $4.33B. Net income decreased 17% to $100.4M. Revenues reflect FirstService Brands segment increase of 18% to $2.34B, FirstService Residential segment increase of 13% to $2B, United States segment increase of 15% to $3.77B, Canada segment increase of 21% to $563.3M. Net income was offset by Corporate segment loss increase of 16% to $36.6M.
Employees: 29,000 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $11,502M as of Dec 31, 2023
Annual revenue (TTM): $5,881M as of Dec 31, 2023
EBITDA (TTM): $535.01M as of Dec 31, 2023
Net annual income (TTM): $136.20M as of Dec 31, 2023
Free cash flow (TTM): $201.57M as of Dec 31, 2023
Net Debt Last Fiscal Year: $1,349M as of Dec 31, 2023
Shares outstanding: 44,971,389 as of Mar 18, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization