FirstService Reports First Quarter Results and COVID-19 Update

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Go back to FirstService Reports First Quarter Results and COVID-19 Update

FirstService (FSV) Misses Q1 EPS by 10c, Revenues Beat

April 23, 2020 7:35 AM EDT

FirstService (NASDAQ: FSV) reported Q1 EPS of $0.37, $0.10 worse than the analyst estimate of $0.47. Revenue for the quarter came in at $633.8 million versus the consensus estimate of $415.05 million.

Solid Organic Growth and Global Restoration Acquisition Drive Strong Q1 PerformanceMild COVID-19 Impact Absorbed in First QuarterExpected Adverse Impact to Second Quarter Financial Results

We are pleased to report first quarter results which exceeded our expectations, said Scott Patterson, Chief Executive Officer of FirstService. Our focus and attention is now directed towards the COVID-19 crisis and the impact... More