FirstService delivered modest revenue and adjusted earnings growth in the second quarter, while management warned that persistent economic pressure is likely to keep second-half top-line growth near current levels.
Key Investor Takeaways – FirstService (NASDAQ:FSV) reported second-quarter revenue of $1.45 billion, up 2% year over year. – Adjusted EBITDA increased 3% to $161.7 million, while adjusted EPS rose 2% to $1.75. – FirstService Residential remained the stronger operating segment, generating 5% organic growth and a 6% increase in adjusted EBITDA. – FirstService Brands recorded a 3% organic revenue decline as weaker Roofing Corp. of America activity offset growth at Century Fire Protection. – Management expects second-half revenue growth to be similar to, or modestly better than, the company’s year-to-date performance
Why FSV Stock Is in Focus FirstService Corporation (NASDAQ) reported second-quarter revenue of $1.45 billion, representing a 2% increase from the prior-year period. Adjusted EBITDA rose 3% to $161.7 million, while adjusted EPS increased 2% to $1.75. GAAP operating earnings reached $99.7 million, compared with $97.3 million a year earlier, although GAAP diluted EPS slipped to $1.00 from $1.01.
For the first six months of 2026, revenue increased 4% to $2.77 billion. Adjusted EBITDA rose 3% to $267.4 million, and adjusted EPS advanced 2% to $2.69. The company’s residential operations produced the stronger quarterly performance.