07:59 AM EDT, 10/23/2025 (MT Newswires) -- FirstService ( FSV ) Thursday reported a decrease in its net earnings despite a higher revenue, and its adjusted earnings per share beating analysts' expectations in the third quarter.

For the three-months ended Sept. 30, the company reported net earnings of US$70.9 million compared with $77.8 million, a year earlier. Q3 adjusted EPS was $1.76 compared with a prior-year figure of $1.63, beating consensus estimate compiled by FactSet of $1.75.

Revenue for the quarter increased to $1.45 billion compared with $1.40 billion, a year-ago, in-line with consensus estimate compiled by FactSet of $1.45 billion.

"We are pleased with the resilient growth in our consolidated third quarter results, despite weather-related and broader commercial macroeconomic headwinds which tempered the organic top-line within our Brands division," said FirstService ( FSV ) chief executive Scott Patterson. "While we see these market challenges continuing to impact our performance in the fourth quarter, our businesses will collectively deliver a solid year of growth and profitability."

Shares of the company closed down 0.4% to $258.12 on the Toronto Stock Exchange Wednesday.