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 |