FirstService Corporation (FSV) Q2 2025 Earnings Call Transcript


FirstService Corporation (NASDAQ:FSV) Q2 2025 Earnings Conference Call July 24, 2025 11:00 AM ET

Company Participants

D. Scott Patterson – President, CEO & Non-Independent Director
Jeremy Alan Rakusin – Chief Financial Officer

Conference Call Participants

Daryl Young – Stifel Nicolaus Canada Inc., Research Division
Scott Fletcher – CIBC Capital Markets, Research Division
Stephen MacLeod – BMO Capital Markets Equity Research
Stephen Hardy Sheldon – William Blair & Company L.L.C., Research Division

Operator

Good day, and thank you for standing by. Welcome to the FirstService Corporation Second Quarter 2025 Investor Conference Call. [Operator Instructions] Today’s call is being recorded.

Legal counsel requires us to advise that the discussion scheduled to take place today may contain forward-looking statements that involve known and unknown risks and uncertainties. Actual results may be materially different from any future results, performance or achievements contemplated in the forward-looking statements.

Additional information concerning factors that could cause actual results to materially differ from those in forward-looking statements contained in the company’s annual information form as filed with the Canadian Securities Administrators and in the company’s annual report on Form 40-F as filed with the U.S. Securities and Exchange Commission.

As a reminder, today’s call is being recorded, today is July 24, 2025. I would like to turn the call over to Chief Executive Officer, Mr. Scott Patterson. Please go ahead, sir.

D. Scott Patterson

Thank you, Marvin. Good morning, everyone. Thank you for joining our Q2 conference call. As usual, I’m on today with Jeremy Rakusin, I’ll kick us off with some high-level comments, and Jeremy will follow with more detail.

I’ll start by saying we’re very pleased with the results we posted this morning, solid performance in an environment with continuing uncertainty and weak consumer sentiment. The results were similar sequentially to our Q1. Total revenues were up 9% over the



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