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Stocks in play: FirstService Corporation
Today reported operating and financial results for its first quarter ended March 31, 2022. All amounts are in U.S. dollars. Consolidated revenues for the first quarter were $834.6 million, up 17% relative to the same quarter in the prior year, including 10% from organic growth. Adjusted EBITDA increased 4% to $62.3 million, and Adjusted EPS was $0.73, representing 11% growth over the prior year quarter. GAAP Operating Earnings were $29.0 million, relative to $33.9 million in the prior year period. GAAP diluted earnings per share was $0.32 per share in the quarter, versus $0.50 in the same quarter a year ago. FirstService Corporation shares T.FSV are trading unchanged at $159.48.