Scott Patterson

Chief Executive Officer, FirstService Corporation

Search every verified Scott Patterson interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Scott Patterson, Chief Executive Officer of FirstService Corporation, discussed the company's fourth-quarter and full-year 2019 results during a February 5, 2020, investor conference call. He stated that the fourth quarter played out largely as forecast and that the company was well-positioned entering 2020. Patterson noted that leads in the home improvement brands had been steady over the prior six months, though down from earlier in 2019, and cited December data showing a 10% year-over-year increase in U.S. existing home sales and nearly 10% rise in average home prices as positive indicators for home improvement spending. He also mentioned that the company had completed several tuck-under acquisitions in the fourth quarter, with the Western U.S., particularly California, and the mid-Atlantic region identified as targeted areas for further expansion. Patterson also addressed competition in the urban high-rise property management segment, asserting that FirstService's scale—approximately five to six times the number of urban high-rise properties managed compared to competitors—provides a compelling differentiator through knowledge leadership and benchmarking capabilities. He stated that the company holds a number-one position in most major North American metro areas. In a separate quote, Patterson described the company's first equity raise since 1998 as a milestone, noting that top-line compound annual growth of nearly 20 percent over the 21-year period since was financed with internal cash flow and modest debt levels, which he attributed to the strength of the company's cash flow business model.