FSV:CC - FirstService Corporation (FSV) Q4 2023 Earnings Call Transcript
2024-02-06 17:58:03 ET
FirstService Corporation (FSV)
Q4 2023 Earnings Conference Call
February 06, 2024 11:00 AM ET
Company Participants
Scott Patterson - CEO
Jeremy Rakusin - CFO
Conference Call Participants
Michael Doumet - Scotiabank
Stephen Sheldon - William Blair
Stephen MacLeod - BMO Capital Markets
Frederic Bastien - Raymond James
Tom Callaghan - RBC
Presentation
Operator
Welcome to the Fourth Quarter 2023 Earnings Call. Today's call is being recorded. 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 contemplated 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 Administration and in the company's annual report on the Form 40-F as filed with the U.S. Securities and Exchange Commission. As a reminder, today's call is being recorded. Today is February 6, 2024.
I would like to turn the call over to Chief Executive Officer, Mr. Scott Patterson. Please go ahead.
Scott Patterson
Thank you, Justin and welcome, ladies and gentlemen, to our fourth quarter and year-end conference call. I'm on with Jeremy Rakusin, our CFO. Thank you for joining us today. We're very pleased with how we finished the year and with our momentum, as we head into 2024.
Before I jump into the quarterly results, I want to make a few comments about the year. We closed out 2023 with our revenue up 16% over 2022 and our EBITDA up 18%. Very strong results. Organic growth for the year at 10% accounted for over half of our top-line increase. And importantly, the organic growth was balanced equally across our divisions. Both FirstService Residential and FirstService Brands grew organically by 10%....
FirstService Corporation (FSV) Q4 2023 Earnings Call Transcript