FirstService Reports Q1 Revenue Growth and Margin Pressures
FirstService reported Q1 revenue of $1.32 billion, up 5% YoY, with adjusted EBITDA of $106 million and EPS of $0.95, but faced margin pressures in the Brands segment. The Residential division showed organic growth and margin expansion, while management expects mid-single-digit revenue growth and stable EBITDA in Q2.
Tickers: $FSV
Topics: Capital Deployment EBITDA Margin Pressure Organic Growth Q1 Earnings Revenue Growth