FirstService Reports Strong Q3 2024 Earnings with Revenue and EBITDA Growth
FirstService (FSV) reported strong Q3 2024 earnings with consolidated revenues up 25% year-over-year and EBITDA rising 43%. The growth was driven by the acquisition of Roofing Corp. of America and strong performance in restoration brands. However, organic growth in FirstService Residential was below expectations due to rising insurance costs and new legislation in Florida.
Tickers: $FSV
Topics: acquisition earnings EBITDA Florida legislation insurance costs revenue growth