FirstService Reports Third Quarter 2026 Results
FirstService reported Q3 2026 revenue of $1.53 billion, up 6% year-over-year, with Adjusted EBITDA of $169.7 million (+3%) and Adjusted EPS of $1.89 (+7%). On a GAAP basis, results were weaker: operating earnings fell to $107.4 million from $115.6 million and diluted EPS declined to $0.99 from $1.24, driven mainly by softer Brands segment profitability in roofing and prior-year contingent-consideration benefits. Management reaffirmed its previously communicated full-year performance targets and highlighted sequential improvement in organic top-line growth.
Key figures
- Eps
- 1.89
- Revenue
- $1.53 billion
- Guidance
- Reaffirmed previously communicated full-year performance targets
- Revenue Yoy
- 6%
- Total debt
- $1.55 billion
- Brands revenue
- $898.4 million
- Adjusted ebitda
- 169.7
- Gaap diluted eps
- 0.99
- Nine month revenue
- $4.30 billion
- Adjusted ebitda yoy
- 3%
- Residential revenue
- $633.3 million
- Gaap operating earnings
- 107.4
- Cash used in buybacks nine months
- $560.0 million
AI analysis
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