FirstService Reports Q2 2026 Earnings Beat, Revenue Miss
FirstService reported second-quarter 2026 results showing consolidated revenue of $1.45 billion, up 2% year over year, with Adjusted EBITDA of $161.7 million and Adjusted EPS of $1.75, beating on earnings while revenue missed expectations in some readings. The company highlighted a 5% organic growth surge in its Residential segment, offset by a 3% contraction in the Roofing portion within FirstService Brands, contributing to a mixed but resilient topline. For the first six months, revenue reached $2.77 billion, up 4%, with Adjusted EBITDA of $267.4 million and Adjusted EPS of $2.69, while GAAP earnings reflected solid year-to-date gains. CEO Scott Patterson attributed results to disciplined execution amid persistent macroeconomic headwinds and indicated that top-line growth in the back half should be similar to or modestly better than year-to-date performance. In a sign of confidence, the company announced a $248 million share buyback, underscoring management’s conviction about the stock’s value despite ongoing headwinds. FirstService also noted continued profitability and maintained guidance for modest improvements in the second half, supported by growth in Residential and stability in margins across its two platforms.
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