FSV reported adjusted earnings for Q4 of US$49.6M ($1.11 per share) missing analysts estimates of $1.13 per share and being down from $54.3M ($1.22 per share) a year prior. Revenue came in at $1.08B beating estimates of $1.07B and displayed growth of 6% year-over-year. Adjusted EBITDA for Q4 was $103.3M, up from $102.5M a year earlier. The 'Residential' segment generated revenues of $496.3M for Q4, up 12% year-over-year, including 9% organic growth driven by new contract wins. The 'Brands' segment recorded revenues of $583.0M, up 1% year-over-year while revenues declined 7% on an organic basis. The company cited that the the decrease in earnings was "attributable to contingent acquisition consideration fair value adjustments on prior tuck-under acquisitions." We continue to like FSV despite the earnings miss which appears to be due to one-off adjustments. The company continues to display organic growth along with winning new contracts. FSV also increased its quarterly dividend by 11% to $0.25 per share.