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CDON AB (CDOAF) Q3 2026 Earnings Call Transcript
Revenue rose 9.6% as Allegion cited price realization, volume growth and higher adjusted operating margin, while it lifted dividends and share repurchases.
On Thursday, FirstService Corporation CEO Scott Patterson reported third-quarter 2026 revenues of $1.53 billion, a 6% increase, with adjusted earnings per share of $1.89, reflecting 7% growth.
FirstService Residential revenue rose 5% to $633.3 million, while the Brands division generated $898.4 million, a 7% increase bolstered by restoration and fire protection services.
Facing competitive market pressures, the company's roofing platform reported revenue declines, prompting management to implement a new ERP system expected to improve data visibility by 2027.
CFO Jeremy Rakusin confirmed the company completed a $200 million share repurchase program while investing $25 million in acquisitions, including A&A Fire Protection.
Mid-Single-Digit consolidated revenue growth is anticipated for the fourth quarter, with management planning to provide detailed 2027 guidance during the February earnings call.