FirstService Q1: Steady Growth Amidst Challenges

FirstService kicked off the year with steady Q1 results, totaling $1.32 billion in revenue, a 5% increase from last year, driven by organic growth. Adjusted EBITDA rose 2% to $106 million, though margins dipped slightly. Earnings per share surged 3% to $0.95. Residential division thrived, while Brands faced challenges due to macro factors and competition. They expect similar trends in Q2, with growth in Residential offsetting Brands pressures. Cash flow and liquidity remain strong, positioning them for organic rebounds as markets stabilize. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b7c197fafd6ff3ff