Q: May I have your comments on earnings for First Service and TFI please?
5i Research Answer:
TFII is already posted; FSV EPS was 92c, beating estimates of 83c; revenue was $1.25B, missing estimates of $1.28B. EBITDA of $103.3M was 3% better than estimates. EPS rose 37%. Revenue rose 8%. EBITDA rose 24%. Results were helped by strong margins and organic growth. Despite economic conditions the company's targets for the year were maintained. Things continue to look good at FSV.