Home improvement spending pushes California Closets' parent company revenues up 50%
August 16, 2021 | 11:48 am CDT

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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Michaelle Bradford | Editor

Michaelle Bradford, CCI Media, is Editor of Closets & Organized Storage magazine and Woodworking Network editor. She has more than 20 years of experience covering the woodworking and design industry, including visits to custom cabinet shops, closet firms and design studios throughout North America. As Editor of Closets & Organized Storage magazine under the Woodworking Network brand, Michaelle’s responsibilities include writing, editing, and coordinating editorial content as well as managing annual design competitions like the Top Shelf Design Awards. She is also a contributor to FDMC and other Woodworking Network online and print media owned by CCI Media.