FirstService Corporation Reports Strong Third Quarter Results
Operating Highlights
Three months ended September 30, 2024:
– Revenues: $1,396.0 million
– Adjusted EBITDA: $160.0 million
– Adjusted EPS: $1.63
– GAAP Operating Earnings: $125.9 million
– GAAP EPS: $1.34
Nine months ended September 30, 2024:
– Revenues: $3,851.5 million
– Adjusted EBITDA: $375.8 million
– Adjusted EPS: $3.66
– GAAP Operating Earnings: $247.9 million
– GAAP EPS: $2.26
TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) — FirstService Corporation (TSX: FSV; NASDAQ: FSV) reported that it has achieved strong results for the third quarter of 2024, with revenues and earnings exceeding expectations. The company’s performance reflects its commitment to delivering value to its customers and shareholders.
Expanding on the Topic
FirstService Corporation’s strong third quarter results can be attributed to its focus on innovation, customer service, and operational efficiency. The company has continued to invest in technology and strategic initiatives to drive growth and enhance profitability. Additionally, FirstService’s diversified portfolio of businesses has helped mitigate risks and capitalize on opportunities in a challenging economic environment.
By consistently delivering value to its customers and shareholders, FirstService Corporation has positioned itself as a leader in the industry and is well-positioned for continued success in the future.
How This Will Affect Me
As a customer or investor of FirstService Corporation, you can expect to benefit from the company’s strong financial performance. The company’s commitment to delivering value and driving growth will likely result in increased returns for shareholders and improved services for customers.
How This Will Affect the World
FirstService Corporation’s strong third quarter results are a positive signal for the broader economy. As a successful and innovative company, FirstService’s performance can have a ripple effect, driving growth and creating opportunities for other businesses and industries. Additionally, the company’s focus on sustainability and corporate responsibility sets a positive example for the business community.
Conclusion
In conclusion, FirstService Corporation’s strong third quarter results reflect the company’s commitment to innovation, customer service, and operational excellence. As a leader in the industry, FirstService is well-positioned for continued success and will likely have a positive impact on its customers, shareholders, and the broader economy.
