FirstService delivered modest revenue and adjusted earnings growth in the second quarter, while management warned that persistent economic pressure is likely to keep second-half top-line growth near current levels.
FirstService (NASDAQ:FSV) reported second-quarter revenue of $1.45 billion, up 2% year over year.
Adjusted EBITDA increased 3% to $161.7 million, while adjusted EPS rose 2% to $1.75.
FirstService Residential remained the stronger operating segment, generating 5% organic growth and a 6% increase in adjusted EBITDA.
FirstService Brands recorded a 3% organic revenue decline as weaker Roofing Corp. of America activity offset growth at Century Fire Protection.

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