Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

FirstService Corporation (T:FSV)

Business Focus: Real Estate Services

Log in or join to add this stock to your watch list.
Sector:  Financials Industry:  Real Estate Services
 
See Regulatory Filings on SEDAR
Company Contact
Address: 1140 Bay St Suite 4000
TORONTO ON M5S 2B4
Tel: 1-416-9609500
Website: www.firstservice.com
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 six months ended 30 June 2019, FirstService Corp revenues increased 15% to $1.06B. Net loss totaled $276.7M vs. income of $28.7M. Revenues reflect FirstService Residential segment increase of 13% to $689.7M, FirstService Brands segment increase of 19% to $369.8M, United States segment increase of 14% to $989.5M, Canada segment increase of 35% to $70.1M. Net loss reflects Corporate segment loss increase from $9.7M to $328.1M.
Employees: 20,000 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $5,688M as of Jun 30, 2019
Annual revenue (TTM): $2,755M as of Jun 30, 2019
EBITDA (TTM): $259.89M as of Jun 30, 2019
Net annual income (TTM): -$318.91M as of Jun 30, 2019
Free cash flow (TTM): $44.21M as of Jun 30, 2019
Net Debt Last Fiscal Year: $1,111M as of Jun 30, 2019
Shares outstanding: 39,221,957 as of Aug 7, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization