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Boyd Group Services Faces Mixed Q1 Results

Boyd Group Services Faces Mixed Q1 Results

Boyd Group Services Inc (TSE:BYD) has released an update.

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Boyd Group Services Inc. reported a 10% increase in Q1 2024 sales to $786.5 million, but faced a 3.5% drop in Adjusted EBITDA to $81.7 million, reflecting a challenging quarter partly due to mild winter weather. The company, which added 13 new locations, saw a decrease in adjusted and net earnings while also increasing its debt and extending its credit facilities.

For further insights into TSE:BYD stock, check out TipRanks’ Stock Analysis page.

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