TORONTO, Canada - FirstService Brands, which owns California Closets, saw second-quarter revenues rise 50% over the previous year to $425.4 million.
According to a statement from its parent company FirstService, top-line growth was largely driven by robust home improvement performance, with strong increases both year-over-year and on a sequential quarterly basis. The company also saw growth in its restoration operations.
“The strong results for this second quarter reflect an acceleration of activity in many of our brands and a resumption of amenity services approaching normalized levels in our property management business,” said Scott Patterson, president and CEO of FirstService Corporation. “We are very pleased with our performance in the face of a challenging labor market. Recruitment and adding resources to our talented teams is a focus area for us to further capitalize on the strong market demand.”
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