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FirstService Corporation (DE:1GIA)
FRANKFURT:1GIA
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.31Last Year’s EPS
1.02Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: 1.18%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a strong financial quarter with significant revenue and profit growth driven by strategic acquisitions and strong performance in the restoration segment. However, challenges in the residential segment and uncertainties in home improvement and storm-related revenues tempered the positive outlook.Company Guidance
During the third quarter earnings call for FirstService Corporation, several key metrics were highlighted, indicating strong financial performance. Consolidated revenues increased by 25% compared to the previous year, reaching $1.4 billion, with organic revenue growth at 6%. The quarter's EBITDA rose by 43% to $160 million, resulting in an EBITDA margin of 11.5%, which was 150 basis points higher than the previous year. Earnings per share also saw a significant increase of 30%. The FirstService Brands division experienced a 44% rise in revenues, largely due to the acquisition of Roofing Corp. of America and robust growth in restoration brands, with organic growth at 10%. Restoration brands such as Paul Davis and FIRST ONSITE recorded a 25% revenue increase year-over-year, driven by North American weather events. For the fourth quarter, the company projected a 20% revenue growth, with expectations of a 30% growth in the restoration segment, supported by an estimated $40 million in storm-related revenue.Strong Revenue Growth
Consolidated revenues were up 25% over the prior year, with organic revenue growth at 6%. This growth was driven by the acquisition of Roofing Corp. of America and strong year-over-year growth for restoration brands.
Increase in EBITDA and Margins
EBITDA for the quarter was up 43% from 2023, reflecting a margin of 11.5%, an improvement of 150 basis points, driven by increases at the Brands division.
Robust Performance in Restoration Brands
Restoration brands, Paul Davis and FIRST ONSITE, recorded revenues up 25% compared to the prior year, with organic growth over 15%.
Positive Outlook for FirstService Brands
FirstService Brands revenues increased by 44%, with strong gains in restoration and fire safety segments. The division's EBITDA margin improved by over 200 basis points.
Healthy Financial Position
Generated $110 million in cash flow from operations before working capital movements, and ended the quarter with net debt at 2.1x net debt-to-trailing 12 months EBITDA.
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DE:1GIA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:1GIA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | €169.00 | €171.00 | +1.18% |
| Jul 25, 2024 | €151.79 | €149.79 | -1.32% |
| Apr 24, 2024 | €141.57 | €142.56 | +0.70% |
| Feb 06, 2024 | €156.28 | €155.29 | -0.64% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does FirstService Corporation (DE:1GIA) report earnings?
FirstService Corporation (DE:1GIA) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is FirstService Corporation (DE:1GIA) earnings time?
FirstService Corporation (DE:1GIA) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of FirstService Corporation stock?
The P/E ratio of FirstService is N/A.
What is DE:1GIA EPS forecast?
DE:1GIA EPS forecast for the fiscal quarter 2024 (Q4) is 1.31.
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