FirstService Corporation (FSV) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the first quarter investor conference call. Today's call is being recorded. All participants on a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. The 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 complicated in the forward-looking statements, additional information concerning factors that could cause actual results to differ materially from those in the 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 40F as filed with the U.S. Securities and Exchange Commission. As a reminder, today's call is being recorded. Today is April 24, 2025. I would now like to turn the call over to the Chief Executive Officer, Mr. Scott Patterson. Please go ahead, sir. Thank you, Olivia. Good morning, everyone. Thank you for joining our Q1 conference call. We reported solid results this morning that we're very pleased with in the current environment. I'll provide a high-level review and touch on some of the highlights, and then pass to Jeremy Racoosin for a more in-depth discussion of the results. Total revenues were up 8% over the prior year, driven primarily by tuck-under acquisitions over the last 12 months. Organic growth was slightly positive, with gains at first service residential largely offset by a modest decline acro...