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Century Fire Protection Expands Geographic Footprint to Western U.S.

Century Fire Protection Expands Geographic Footprint to Western U.S.

TORONTO, May 15, 2025 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) ('FirstService') announced today that its subsidiary, Century Fire Protection ('Century'), has recently acquired TST Fire Protection, Inc. ('TST') and Alliance Fire & Safety ('Alliance'), two related fire protection companies based in Utah. The leadership teams of both companies will continue to lead day-to-day operations and will retain minority equity interests. Terms of the transaction were not disclosed.
Founded in 1998 and based in Salt Lake City, Utah, TST is a leading fire sprinkler installation company serving the northern region of Utah. TST provides fire sprinkler system design, installation, inspection and repair services to a wide variety of commercial clients and large-scale warehouse distribution property owners.
Headquartered in St. George, Utah and established in 2014, Alliance designs and installs fire sprinkler and other suppression systems, alarms and extinguishers for commercial and industrial clients in the southern region of Utah.
'The addition of these companies establishes a new geographic beachhead, providing Century with an attractive growth platform in the Western U.S.,' said Richard Deeb, CEO of Century. 'TST and Alliance collectively bring comprehensive coverage across the state of Utah, with an opportunity to better serve their clients by adding broader service capabilities and expanding into adjacent markets in the coming years. We welcome the TST and Alliance teams to the Century family and are excited to add them as partners in driving further growth across our combined operations.'
ABOUT FIRSTSERVICE CORPORATION
FirstService Corporation is a North American leader in the property services sector, serving its customers through two industry-leading service platforms: FirstService Residential, North America's largest manager of residential communities; and FirstService Brands, one of North America's largest providers of essential property services delivered through individually branded company-owned operations and franchise systems.
FirstService generates more than $5.3 billion in annual revenues and has approximately 30,000 employees across North America. With significant insider ownership and an experienced management team, FirstService has a long-term track record of creating value and superior returns for shareholders. The Common Shares of FirstService trade on the NASDAQ and the Toronto Stock Exchange under the symbol 'FSV', and are included in the S&P/TSX 60 Index. More information is available at www.firstservice.com.
COMPANY CONTACT:
Jeremy Rakusin
CFO
FirstService Corporation
(416) 960-9566
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'We are navigating and adapting to the near-term uncertainties by leveraging our robust supply chain, global manufacturing footprint and deep customer relationships.' The company, whose clients include Taiwan Semiconductor and Intel, posted record revenue of $7.30 billion in Q3, up 8% year over year, surpassing estimates for $7.2 billion. Earnings per share of $2.48 also beat estimates by $0.12. Applied Materials stock fell 11% in after-hours trading. Read more here. Earnings and revenue beats lift Dillard's stock Dillard's (DDS) stock rose 7% on Thursday after the department store chain reported revenue and profit beats for the quarter. Net income fell to $72.8 million compared to $74.5 million a year ago, but earnings per share rose $0.07 year over year after the Arkansas-based company bought back stock. Revenue of $1.53 billion beat Wall Street estimates of $1.52 billion, according to S&P Global Market Intelligence. Earnings per share of $4.66 also topped estimates of $4.00 per share. Total retail sales were flat, with strength in juniors' and children's apparel as well as ladies' accessories and lingerie. The weakest performing category was home and furniture. Other major retailers, including Walmart (WMT), Target (TGT), and Macy's (M), will report second quarter results in the coming weeks, providing a more in-depth look into consumer spending habits. Dillard's stock is up 23% year to date. It has climbed 78% since its April 8 low. Dillard's (DDS) stock rose 7% on Thursday after the department store chain reported revenue and profit beats for the quarter. Net income fell to $72.8 million compared to $74.5 million a year ago, but earnings per share rose $0.07 year over year after the Arkansas-based company bought back stock. Revenue of $1.53 billion beat Wall Street estimates of $1.52 billion, according to S&P Global Market Intelligence. Earnings per share of $4.66 also topped estimates of $4.00 per share. Total retail sales were flat, with strength in juniors' and children's apparel as well as ladies' accessories and lingerie. The weakest performing category was home and furniture. Other major retailers, including Walmart (WMT), Target (TGT), and Macy's (M), will report second quarter results in the coming weeks, providing a more in-depth look into consumer spending habits. Dillard's stock is up 23% year to date. It has climbed 78% since its April 8 low. Advance Auto Parts stock sinks 14% on gloomy financial outlook Advance Auto Parts (AAP) stock sank 14% on Thursday morning after issuing a downbeat profit forecast. The Raleigh, N.C.-based company beat Wall Street's earnings estimates but lowered its full-year earnings per share outlook to $1.20-$2.20 from its previous range of $1.50-$2.50. Advance Auto Parts attributed this change to a higher net interest expense related to its recent senior notes offering. In the earnings call, executives noted that approximately 40% of the company's cost of goods is exposed to tariffs at a blended rate of 30%. During the quarter, Advance Auto Parts saw lower transactions but higher tickets, as prices increased by 2%. The company noted that its competitors are also raising prices in a similar fashion. "If you look at the maybe lower to mid-income cohorts, they are more pressured than others right now," CFO Ryan Grimsland said about the price impacts of tariffs. "The wages aren't necessarily fully keeping up with some of the inflation that's in there. And so there are trade-offs that they're making. And we're still seeing that. It'd be interesting to see how that plays out in the back half of the year." Advance Auto Parts (AAP) stock sank 14% on Thursday morning after issuing a downbeat profit forecast. The Raleigh, N.C.-based company beat Wall Street's earnings estimates but lowered its full-year earnings per share outlook to $1.20-$2.20 from its previous range of $1.50-$2.50. Advance Auto Parts attributed this change to a higher net interest expense related to its recent senior notes offering. In the earnings call, executives noted that approximately 40% of the company's cost of goods is exposed to tariffs at a blended rate of 30%. During the quarter, Advance Auto Parts saw lower transactions but higher tickets, as prices increased by 2%. The company noted that its competitors are also raising prices in a similar fashion. "If you look at the maybe lower to mid-income cohorts, they are more pressured than others right now," CFO Ryan Grimsland said about the price impacts of tariffs. "The wages aren't necessarily fully keeping up with some of the inflation that's in there. And so there are trade-offs that they're making. And we're still seeing that. It'd be interesting to see how that plays out in the back half of the year." China's tops quarterly revenue estimates on steady e-commerce demand Chinese e-commerce giant (JD) rose 1% in premarket trading after the company beat estimates for quarterly revenue on Thursday, highlighting robust shopping traffic. However, profits halved year over year. Total revenue rose 22.4% to 356.66 billion yuan ($49.73 billion) during the second quarter, above analysts' average estimate of 331.63 billion yuan. Profit fell by more than 50% to 6.2 billion yuan ($864 million) from 12.6 billion yuan a year earlier as the company invests in new businesses such as food delivery, competing with Meituan (MPNGY) and Alibaba (BABA). Reuters reports: Read more here. Chinese e-commerce giant (JD) rose 1% in premarket trading after the company beat estimates for quarterly revenue on Thursday, highlighting robust shopping traffic. However, profits halved year over year. Total revenue rose 22.4% to 356.66 billion yuan ($49.73 billion) during the second quarter, above analysts' average estimate of 331.63 billion yuan. Profit fell by more than 50% to 6.2 billion yuan ($864 million) from 12.6 billion yuan a year earlier as the company invests in new businesses such as food delivery, competing with Meituan (MPNGY) and Alibaba (BABA). Reuters reports: Read more here. Tapestry forecasts annual profit below estimates on tariff pain Tapestry (TPR) stock fell 8% before the bell on Thursday after the Coach handbag maker forecast annual profit below estimates. The company cited higher costs due to tariffs that have hit its margins. Reuters reports: Read more here. Tapestry (TPR) stock fell 8% before the bell on Thursday after the Coach handbag maker forecast annual profit below estimates. The company cited higher costs due to tariffs that have hit its margins. Reuters reports: Read more here. Lenovo stock drops despite profit beat Lenono Group LTD., the world's top PC maker, reported better-than-expected profit on PC sales but the stock dropped on worries over its cloud division. From Bloomberg Intelligence: Read more here. Lenono Group LTD., the world's top PC maker, reported better-than-expected profit on PC sales but the stock dropped on worries over its cloud division. From Bloomberg Intelligence: Read more here. Deere's third-quarter profit falls, stock drops (Reuters) – Farm-equipment maker Deere & Co reported a lower third-quarter profit and tightened its annual profit forecast on Thursday, pressured by headwinds from U.S. tariffs and muted demand. ... Deere's net income in the third quarter came in at $1.29 billion, or $4.75 per share, compared with $1.73 billion, or $6.29 per share, a year earlier. Overall, quarterly sales fell about 9% to $12.02 billion from a year ago. Read more here. (Reuters) – Farm-equipment maker Deere & Co reported a lower third-quarter profit and tightened its annual profit forecast on Thursday, pressured by headwinds from U.S. tariffs and muted demand. ... Deere's net income in the third quarter came in at $1.29 billion, or $4.75 per share, compared with $1.73 billion, or $6.29 per share, a year earlier. Overall, quarterly sales fell about 9% to $12.02 billion from a year ago. Read more here. Birkenstock beats profit estimates on strong full-price footwear sales Reuters reports: Read more here. Reuters reports: Read more here. Nvidia partner Foxconn profit jumps after AI spending rises Foxconn, also known as Hon Hai Precision Industry Co., ( HNHPF, HNHAF) said on Thursday it expects higher third-quarter revenue due to robust demand for its artificial intelligence servers, which has helped the world's largest contract electronics maker beat forecasts and see a 27% increase in second-quarter profit. Reuters reports: Read more here. Foxconn, also known as Hon Hai Precision Industry Co., ( HNHPF, HNHAF) said on Thursday it expects higher third-quarter revenue due to robust demand for its artificial intelligence servers, which has helped the world's largest contract electronics maker beat forecasts and see a 27% increase in second-quarter profit. Reuters reports: Read more here. Cisco forecasts higher-than-expected quarterly revenue on increased demand Cisco Systems (CSCO) reported adjusted earnings per share of $0.99 in the fiscal fourth quarter, barely beating estimates of $0.98. Revenue was $14.67 billion versus an estimate of $14.63 billion. Its fiscal first quarter forecast for revenue was also better than expected, as the AI boom boosted demand for networking equipment from cloud customers. However, Cisco stock fell 2% after hours. Reuters reports: Read more here Cisco Systems (CSCO) reported adjusted earnings per share of $0.99 in the fiscal fourth quarter, barely beating estimates of $0.98. Revenue was $14.67 billion versus an estimate of $14.63 billion. Its fiscal first quarter forecast for revenue was also better than expected, as the AI boom boosted demand for networking equipment from cloud customers. However, Cisco stock fell 2% after hours. Reuters reports: Read more here Brinker International stock pops as Chili's drives earnings beat Brinker International (EAT) stock jumped 9% in premarket trading on Wednesday after the restaurant group reported earnings and revenue that topped estimates, powered by another quarter of strong sales at Chili's. The company reported net income of $107 million, or $2.49 per share on an adjusted basis, on revenue of $1.46 billion in the fiscal fourth quarter. During the same period last year, Brinker posted net income of $57.3 million ($1.24 per share) on $1.2 billion in revenue. The results were also better than Wall Street expected. Estimates going into the report were for adjusted diluted earnings per share of $2.47 and revenue of $1.44 billion. Chili's was the standout this quarter, with 23.7% sales growth and 16% traffic growth. Comparable sales at Maggiano's declined 0.4%. "With that sustained momentum, along with a strong pipeline of initiatives, we are confident in our ability to grow sales and traffic throughout Fiscal 2026," CEO Kevin Hochman said in a statement. "Chili's is officially back, baby back!" Brinker expects fiscal 2026 revenue to be between $5.6 billion and $5.7 billion. It sees full-year earnings per share at $9.90 to $10.50. Brinker International (EAT) stock jumped 9% in premarket trading on Wednesday after the restaurant group reported earnings and revenue that topped estimates, powered by another quarter of strong sales at Chili's. The company reported net income of $107 million, or $2.49 per share on an adjusted basis, on revenue of $1.46 billion in the fiscal fourth quarter. During the same period last year, Brinker posted net income of $57.3 million ($1.24 per share) on $1.2 billion in revenue. The results were also better than Wall Street expected. Estimates going into the report were for adjusted diluted earnings per share of $2.47 and revenue of $1.44 billion. Chili's was the standout this quarter, with 23.7% sales growth and 16% traffic growth. Comparable sales at Maggiano's declined 0.4%. "With that sustained momentum, along with a strong pipeline of initiatives, we are confident in our ability to grow sales and traffic throughout Fiscal 2026," CEO Kevin Hochman said in a statement. "Chili's is officially back, baby back!" Brinker expects fiscal 2026 revenue to be between $5.6 billion and $5.7 billion. It sees full-year earnings per share at $9.90 to $10.50. Dutch Bros CEO says company in 'growth mode' as Starbucks turnaround stokes beverage competition Yahoo Finance's Brooke DiPalma reports: Read more here. Yahoo Finance's Brooke DiPalma reports: Read more here. Tencent's revenue beats estimates in boost for AI ambitions Bloomberg News reports: Read more here. Bloomberg News reports: Read more here. Cava stock plummets after company misses some of Wall Street's marks, cuts guidance Cava (CAVA) missed Wall Street's mark for revenue and same-store sales growth in its second quarterly earnings report. The company's revenue came in at $280.62 million, below the $285.56 million Wall Street expected, per Bloomberg consensus estimates. Adjusted earnings beat by $0.03, coming in at $0.16. Same-store sales came in lower than expected, up 2.1%, driven by menu prices and product mix. Meanwhile, guest foot traffic was flat, far less than the 6.14% jump expected by the Street. In the release, CEO Brett Schulman called it a "fluid macroeconomic environment," adding that it "continued to grow market share" during the quarter. For the full year, the company expects same-store sales growth of 4% to 6%, down from the previously expected range of 6% to 8%. Cava (CAVA) missed Wall Street's mark for revenue and same-store sales growth in its second quarterly earnings report. The company's revenue came in at $280.62 million, below the $285.56 million Wall Street expected, per Bloomberg consensus estimates. Adjusted earnings beat by $0.03, coming in at $0.16. Same-store sales came in lower than expected, up 2.1%, driven by menu prices and product mix. Meanwhile, guest foot traffic was flat, far less than the 6.14% jump expected by the Street. In the release, CEO Brett Schulman called it a "fluid macroeconomic environment," adding that it "continued to grow market share" during the quarter. For the full year, the company expects same-store sales growth of 4% to 6%, down from the previously expected range of 6% to 8%. CoreWeave Q2 revenue beats estimates, but results come up against high bar Nvidia (NVDA)-backed AI cloud company CoreWeave (CRWV) delivered solid revenue growth in its second quarterly report since going public, but its loss per share widened. The stock fell 6% in after-hours trading. Wall Street expected strong top-line numbers going into earnings, as robust AI demand, a deal with Core Scientific, and a $4 billion expansion deal with OpenAI ( fueled the quarter. Two of CoreWeave's key customers, Microsoft (MSFT) and Meta (META), also reaffirmed their spending plans going into the quarter in a bullish sign for AI demand. Here are some key figures CoreWeave reported versus estimates compiled by S&P Global Market Intelligence: Revenue beat: $1.21 billion, versus $1.08 billion estimated and $395.4 million a year ago. Wider loss per share: $0.60 loss per share, compared to a $0.49 loss estimated. Operating expenses increased: $1.19 billion in the quarter, compared to $317 million a year ago. Lighter capital expenditures on property and equipment: $2.45 billion, compared to estimates of $3.54 billion. Revenue backlog increased: $30.1 billion, as of June 30. In the first quarter, the company's backlog was $25.9 billion. "Our strong second quarter performance demonstrates continued momentum across every dimension of our business," CEO and co-founder Michael Intrator said in the earnings release. "We are scaling rapidly as we look to meet the unprecedented demand for AI.' CoreWeave said it will provide forward-looking guidance on its earnings call at 5 p.m. ET. You can listen to that call live on the company's stock page. Read more here. Nvidia (NVDA)-backed AI cloud company CoreWeave (CRWV) delivered solid revenue growth in its second quarterly report since going public, but its loss per share widened. The stock fell 6% in after-hours trading. Wall Street expected strong top-line numbers going into earnings, as robust AI demand, a deal with Core Scientific, and a $4 billion expansion deal with OpenAI ( fueled the quarter. Two of CoreWeave's key customers, Microsoft (MSFT) and Meta (META), also reaffirmed their spending plans going into the quarter in a bullish sign for AI demand. Here are some key figures CoreWeave reported versus estimates compiled by S&P Global Market Intelligence: Revenue beat: $1.21 billion, versus $1.08 billion estimated and $395.4 million a year ago. Wider loss per share: $0.60 loss per share, compared to a $0.49 loss estimated. Operating expenses increased: $1.19 billion in the quarter, compared to $317 million a year ago. Lighter capital expenditures on property and equipment: $2.45 billion, compared to estimates of $3.54 billion. Revenue backlog increased: $30.1 billion, as of June 30. In the first quarter, the company's backlog was $25.9 billion. "Our strong second quarter performance demonstrates continued momentum across every dimension of our business," CEO and co-founder Michael Intrator said in the earnings release. "We are scaling rapidly as we look to meet the unprecedented demand for AI.' CoreWeave said it will provide forward-looking guidance on its earnings call at 5 p.m. ET. You can listen to that call live on the company's stock page. Read more here. offers robotaxi production update as revenue surges Chinese robotaxi operator (PONY) reported revenue grew 76% year over year in the second quarter as the business scaled its autonomous vehicle production. The stock was up more than 1% in premarket trading but pared gains during the earnings call (you can listen to it live here). The Toyota-backed (TM) company began mass production of its two robotaxi models in June and July, respectively. Robotaxi revenue also surged over 300% to $1.5 million in the quarter. "Since mass production started two months ago, over 200 Gen-7 Robotaxi vehicles have rolled off the production line, putting us firmly on track to hit the year-end 1,000-vehicle target," CEO James Peng said in a statement. The company is still on its journey to profitability. For the quarter, it posted a net loss of $53.3 million (loss of $0.14 per share), compared to a loss of $30.9 million in the same period a year ago. Chinese robotaxi operator (PONY) reported revenue grew 76% year over year in the second quarter as the business scaled its autonomous vehicle production. The stock was up more than 1% in premarket trading but pared gains during the earnings call (you can listen to it live here). The Toyota-backed (TM) company began mass production of its two robotaxi models in June and July, respectively. Robotaxi revenue also surged over 300% to $1.5 million in the quarter. "Since mass production started two months ago, over 200 Gen-7 Robotaxi vehicles have rolled off the production line, putting us firmly on track to hit the year-end 1,000-vehicle target," CEO James Peng said in a statement. The company is still on its journey to profitability. For the quarter, it posted a net loss of $53.3 million (loss of $0.14 per share), compared to a loss of $30.9 million in the same period a year ago. Trading platform eToro beats profit estimates (Reuters) - Stock and crypto trading platform eToro beat Wall Street views for profit in the second quarter on Tuesday, as retail investors maintained a firm risk appetite despite broader macroeconomic uncertainty due to new tariffs. Shares of eToro rose in premarket trading after results. Retail trading activity has been strong this year, buoyed by gains in U.S. equity markets and renewed interest in high-risk assets such as cryptocurrencies and tech stocks. Read more here. (Reuters) - Stock and crypto trading platform eToro beat Wall Street views for profit in the second quarter on Tuesday, as retail investors maintained a firm risk appetite despite broader macroeconomic uncertainty due to new tariffs. Shares of eToro rose in premarket trading after results. Retail trading activity has been strong this year, buoyed by gains in U.S. equity markets and renewed interest in high-risk assets such as cryptocurrencies and tech stocks. Read more here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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