FirstService Corporation (FSV) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to the first quarter investors conference call. At this time, all participants are on a listen-only mode. After this 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. Today's call is being recorded. Legal counsel requires us to advise that the discussion scheduled to take place today may contain further 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 materially differ from those in the forward-looking statements is 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 23rd, 2026. I would now like to send the call over to 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 were generally in line with expectations. I'll provide a high-level review, touch on some highlights, and then pass to Jeremy Racoosin for a more in-depth discussion of the results. Total revenues were up 5% over the prior year, with the organic growth accounting for over half of the increase. EBITDA for the quarter was up 2%, reflecting a modest and expected decline in our consolidated margin. Jeremy will wal...