Please note all $ figures in $USD, not $CAD, unless otherwise stated. Company Overview Adjusted EPS (note 2) FirstService Residential: Largest provider of residential community and amenity management · TTM Adjusted EBITDA(3): $431MM When looking at the recent results for FirstService, the company reported revenues of $1,298 million, which was up 15.9% compared to last year. On adjusted EBITDA, FirstService saw adjusted EBTIDA climbed 11.9% to $132.5 million. However, on earnings, EPS declined from $1.46 las ...

财务数据和关键指标变化 - 总收入同比增长16%,主要由于收购Roofing Corp of America带来的增长,但有机增长为0% [8] - EBITDA同比增长12%,达到1.325亿美元,EBITDA利润率为10.2% [8] - 前6个月总收入同比增长15%,达到25亿美元,EBITDA同比增长8%,达到2.16亿美元,EBITDA利润率为8.8% [22] - 每股调整后收益从去年同期的2.31美元下降至2.03美元,主要由于利息费用大幅上升 [25] 各条业务线数据和关键指标变化 FirstService Residential - 收入同比增长8%,有机增长接近7% [9] - EBITDA同比增长6%,利润率为10.6%,较去年同期下降20个基点 [26] - 预计下半年有机增长将保持中单位数增长 [11] FirstService Brands - 收入同比增长23%,主要由于收购Roofing Corp of America和其他小型收购 [11][27] - EBITDA同比增长18%,利润率为10.5%,较去年同期下降40个基点,主要由于修复业务受到去年暴风雨相关业务的不利影响 [27] - 预计下半年修复业务与去年的暴风雨相关业务影响将有所缓解,加上屋顶业务的增加,Brands部门利润率将有所改善 [30] 屋顶业务 - 第二季度业绩强劲,主要受益于季节性因素 [16] - 在佛罗里达州通过收购Crowther Roofing和Hamilton Roofing进一步扩张,这是公司的重点市场之一 [17] - 预计第三季度业绩将与第二季度持平,加上新收购的贡献 [16] 家居装修业务 - 收入同比小幅下降,受到房地产市场疲软、利率上升和经济不确定性的负面影响 [18][19] - 预计第三季度收入同比将小幅下降,与第二季度类似 [19] Century Fire - 第二季度业绩强劲,同比高单位数有机增长,符合公司预期 [20] - 预计下半年将保持高单位数同比增长 [20] 公司战略和发展方向及行业竞争 - 在FirstService Residential业务中,收购CitiScape加强了公司在旧金山湾区的领导地位 [9][10] - 在屋顶业务方面,公司将继续在佛罗里达等重点市场进行收购整合,并关注德克萨斯、中大西洋和加州等其他地区的机会 [45][47] - 公司在所有业务线都有收购整合的机会,未来将继续在修复和消防等领域进行投资 [47] 管理层对经营环境和未来前景的评论 - 公司对二季度的整体业绩表现感到满意,超出了预期 [8] - 修复业务受到温和天气模式的不利影响,但预计第三季度将与第二季度持平,如果遇到天气事件会有进一步增长 [13][15] - 家居装修业务受到房地产市场疲软、利率上升和经济不确定性的负面影响,预计第三季度收入同比将小幅下降 [18][19] - 屋顶业务和消防业务前景良好,预计下半年将保持强劲增长 [16][20] - 公司整体对2024年全年收入和EBITDA实现中个位数百分比增长表示乐观 [34] 其他重要信息 - 经营活动产生的现金流在第二季度同比增长52%,达到1.3亿美元,几乎与EBITDA持平 [31] - 第二季度进行了1.2亿美元的收购支出,全年累计超过1.5亿美元 [32] - 期末负债净额与EBITDA的比率为2.3倍,与第一季度持平 [33] 问答环节重要的提问和回答 问题1 **关于修复业务的管线情况** **Scott Patterson回答** 伯尔热不会对公司或市场产生重大影响,主要影响在于休斯顿地区的住宅水损理赔,公司的Paul Davis业务在该市场看到了增加的活动,但商业或大损失的商业理赔并未大幅增加 [37][38] 问题2 **关于Brands业务未来的收入增长** **Jeremy Rakusin回答** 第三季度Brands业务整体收入预计将持平,剔除去年同期的修复业务影响后,有机增长将达到中单位数。此外还将有屋顶业务的贡献 [39][40] 问题3 **关于未来Roofing业务的收购规模** **Scott Patterson回答** 未来Roofing业务的收购规模将更小,更接近公司通常的小型并购规模。之前两笔较大的收购是为了快速在佛罗里达建立业务基础 [50]

FirstService (FSV) came out with quarterly earnings of $1.36 per share, beating the Zacks Consensus Estimate of $1.26 per share. This compares to earnings of $1.46 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 7.94%. A quarter ago, it was expected that this property services provider would post earnings of $0.66 per share when it actually produced earnings of $0.67, delivering a surprise of 1.52%. Over the last four quarters ...

财务业绩 - 公司第二季度收入为13.00亿美元，同比增长16%[4] - 公司第二季度调整后EBITDA为1.325亿美元，同比增长12%[2] - 公司第二季度调整后每股收益为1.36美元，上年同期为1.46美元[2] - 公司第二季度营业收益为8390万美元，上年同期为8230万美元[3] - 公司第二季度每股摊薄收益为0.78美元，上年同期为1.01美元[3] - 公司前六个月收入为24.56亿美元，同比增长15%[5] - 公司前六个月调整后EBITDA为2.159亿美元，同比增长8%[5] - 公司前六个月调整后每股收益为2.03美元，上年同期为2.31美元[5] - 公司前六个月营业收益为1.220亿美元，上年同期为1.233亿美元[5] - 公司前六个月每股摊薄收益为0.92美元，上年同期为1.37美元[5] - 公司2024年上半年收入为24.555亿美元，同比增长14.9%[37] - 2024年上半年经调整EBITDA为2.159亿美元，同比增长7.7%[62] - 2024年上半年经营利润为1.220亿美元，同比下降1.0%[63] - 2024年第二季度收入为12.975亿美元，同比增长15.9%[37] - 2024年第二季度经调整EBITDA为1.325亿美元，同比增长12.0%[59] - 2024年第二季度经营利润为8394万美元，同比增长2.0%[59] - 2024年上半年每股经调整收益为2.03美元，同比下降12.1%[40] - 2024年第二季度每股经调整收益为1.36美元，同比下降6.8%[40] 现金流和收购 - 公司持续进行业务收购，2024年上半年收购支出为1.546亿美元[52] - 公司经营活动产生的现金流为1.219亿美元，同比增长41.9%[51] 财务数据 - 公司2022年全年营业收益为71,907百万美元，较上年同期下降20,566百万美元[65] - 公司2022年全年营业收益为71,930百万美元，较上年同期下降20,566百万美元[66] - 公司2022年全年营业收益为123,271百万美元，较上年同期增长20,566百万美元[65] 公司管理层 - 公司首席执行官为D. Scott Patterson[65] - 公司首席财务官为Jeremy Rakusin[66]

About FirstService Corporation FirstService Corporation is a North American leader in the property services sector, serving its customers through two industry-leading service platforms: FirstService Residential, North America's largest manager of residential communities; and FirstService Brands, one of North America's largest providers of essential property services delivered through individually branded company-owned operations and franchise systems. FirstService generates more than US$4.4 billion in annua ...

TORONTO, July 09, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) ("FirstService") announced today that it will release its financial results for the second quarter ended June 30, 2024 by press release on Thursday, July 25, 2024 at approximately 7:30 am ET. A webcast replay of the call will be available on the Company's website following the call, in the "Investors" section under the tab "Newsroom". FirstService Corporation is a North American leader in the property services sector, ...

For the latest news from FirstService Corporation, visit www.firstservice.com. ABOUT FIRSTSERVICE CORPORATION Founded in 1999, CitiScape is a leading full-service community association management firm in the San Francisco metropolitan market, providing a range of property management and project management services to high-rise condominium and homeowner association clients. The acquisition solidifies FirstService Residential's market leadership in the Bay Area of Northern California. FirstService Corporation ...

TORONTO, June 24, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) ("FirstService") announced today that FirstService Residential, the North American residential property management leader, has acquired San Francisco-based CitiScape Property Management Group, LLC ("CitiScape"). CitiScape's existing executive team will continue to lead day-to-day operations. Terms of the transaction were not disclosed. Founded in 1999, CitiScape is a leading full-service community association managemen ...

GREENWOOD VILLAGE, Colo., June 18, 2024 (GLOBE NEWSWIRE) -- First Onsite Property Restoration (First Onsite), one of North America's largest disaster recovery and restoration providers for commercial enterprises announced it has expanded operations and opened a new branch in Roanoke, Virginia to serve the city and the surrounding area. This is the company's second new branch in Virginia following last week's announcement of its new branch in Richmond. "This new branch was born based on a solid relationship ...

GREENWOOD VILLAGE, Colo., June 17, 2024 (GLOBE NEWSWIRE) -- First Onsite Property Restoration (First Onsite), one of North America's largest disaster recovery and restoration providers for commercial enterprises is excited to co-host a Live Burn and Education Seminar on June 18 at the Randall Fire Department, in Twins Lakes, WI, beginning at 8:30 a.m. CT. Registration opens at 8 a.m. First Onsite, a leader in the property restoration industry provides fire prevention and mitigation services to clients throu ...