Boyd Group Services Inc ( (BGSI) ) has released its Q3 earnings. Here is a breakdown of the information Boyd Group Services Inc presented to its investors.
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Boyd Group Services Inc. is a leading operator in the North American collision repair industry, known for its extensive network of non-franchised repair centers and significant presence in both Canada and the U.S. The company operates under various trade names, including Boyd Autobody & Glass and Gerber Collision & Glass.
In its third-quarter earnings report for 2025, Boyd Group Services Inc. announced a 5% increase in sales, reaching $790.2 million, with same-store sales growing by 2.4%. The company also reported a substantial improvement in its adjusted EBITDA, which rose by 22.8% to $98.4 million, reflecting a margin increase to 12.4% of sales.
Key financial highlights include a gross profit increase of 6.5% to $365.9 million and adjusted net earnings soaring to $13.3 million from $3.2 million in the same period of 2024. The company also declared a dividend of C$0.153 per share and surpassed the milestone of 1,000 locations. Strategic moves included the acquisition of Joe Hudson’s Collision Center for $1.3 billion and a successful listing on the New York Stock Exchange.
Looking ahead, Boyd Group Services Inc. remains optimistic about its growth trajectory, with plans to open new locations and continue its cost transformation initiatives. The acquisition of Joe Hudson’s Collision Center is expected to enhance Boyd’s scale and deliver meaningful synergies, positioning the company for sustained growth and value creation in the years to come.