Page 1

COMPANY CONTACTS : D. Scott Patterson Chief Executive Officer Jeremy Rakusin Chief Financial Officer ( 416 ) 960-9566 FOR IMMEDIATE RELEASE FirstService Reports Strong First Quarter Results Organic Growth and Increased Operating Margins Drive Strong Profitability Operating highlights : Three months ended March 31 2021 2020 Revenues ( millions ) $ 711.1 $ 633.8 Adjusted EBITDA ( millions ) ( note 1 ) 59.8 43.9 Adjusted EPS ( note 2 ) 0.66 0.37 GAAP Operating Earnings ( millions ) GAAP EPS 33.9 16.0 0.50 0.13 FirstService TORONTO , Canada , April 27 , 2021 FirstService Corporation ( TSX : FSV ; NASDAQ : FSV ) today reported strong results for its first quarter ended March 31 , 2021. All amounts are in US dollars . Consolidated revenues for the first quarter were $ 711.1 million , up 12 % relative to the same quarter in the prior year , with organic growth accounting for half of the increase . Adjusted EBITDA ( note 1 ) increased 36 % to $ 59.8 million , and Adjusted EPS ( note 2 ) was $ 0.66 , representing 78 % growth over the prior year quarter . GAAP Operating Earnings were