FirstService: Q3 Earnings Snapshot – WTOP News
The hotel franchisor cited stronger U.S. demand and a 4% larger development pipeline as it lifted full-year guidance.
- On Wednesday, Wyndham Hotels & Resorts reported third-quarter revenue of $410 million, a 7% year-over-year increase, as U.S. RevPAR surged 6%. The company raised its full-year outlook for RevPAR, adjusted EBITDA, and earnings per share.
- President and Chief Executive Officer Geoff Ballotti attributed the performance to "broad-based U.S. RevPAR growth" and market share gains. The company expanded its global system and pipeline by 4% while deploying artificial intelligence "at scale across all guest touchpoints."
- Wyndham returned $123 million to shareholders in Q3, including $91 million through share repurchases, a 30% year-over-year increase. The Board of Directors approved an additional $400 million share repurchase authorization.
- The global development pipeline reached a record high of approximately 264,000 rooms across over 2,200 hotels, with roughly 78% consisting of new construction. Approximately 35% of these projects have broken ground.
- Looking toward Q4, Ballotti noted that October month-to-date RevPAR remained consistent with third-quarter results, reinforcing confidence in underlying demand trends as the company closes out 2026.
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thecerbatgem.comFirstService (NASDAQ:FSV) Posts Earnings Results, Beats Expectations By $0.05 EPS
FirstService (NASDAQ:FSV - Get Free Report) (TSE:FSV) posted its quarterly earnings data on Thursday. The financial services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.84 by $0.05. FirstService had a net margin of 2.88% and a return on equity of 18.07%. FirstService's revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the company earned $1.76 EPS.
FirstService: Q3 Earnings Snapshot – WTOP News
TORONTO (AP) — TORONTO (AP) — FirstService Corp. (FSV) on Thursday reported third-quarter profit of $42.9 million. On a per-share basis, the Toronto-based company said it had profit of 99 cents. Earnings, adjusted for one-time gains and costs, came to $1.89 per share. The results did not meet Wall Street expectations. The average estimate of...
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