FirstService posts 6% revenue growth but GAAP EPS falls, adjusts outlook after Q3 2026 results
FirstService Corporation reported third‑quarter 2026 revenue of $1.53 billion, up 6% year‑over‑year, while GAAP diluted earnings per share declined to $0.99 from $1.24. Adjusted earnings per share rose to $1.89, a 7% increase, and adjusted EBITDA grew 3% to $169.7 million. Management highlighted strong performance in Restoration Brands and Century Fire, noted a 4% decline in roofing revenues, and announced a $300 million share repurchase of 2.2 million shares.
Why it matters
Raymond James reaffirmed an Outperform rating and raised its price target to $190, noting the earnings beat and organic growth. The company’s leverage rose to 2.4 times net debt/EBITDA after the buyback, which may limit further repurchases.
Key facts
- 1Q3 2026 revenue was $1.53 billion, up 6% YoY. stocktitan.net
- 2GAAP diluted EPS fell to $0.99 from $1.24. stocktitan.net
- 3Adjusted EPS was $1.89, up 7%. tradingview.com
- 4Adjusted EBITDA was $169.7 million, up 3%. stocktitan.net
- 5EBITDA margin declined to 11.1% from 11.4%. finance.yahoo.com
- 6The company repurchased 2.2 million shares for $300 million. finance.yahoo.com
Summary written by AlphAI AI Desk from 9 of 9 sources. Not investment advice. Figures are as stated by the linked sources.