Boyd Group Services reports Q3 adjusted EPS 62c vs. 13c last year

Reports Q3 revenue $790.21M, consensus $792.74M. Reports Q3 SSS up 2.4%. “Since the beginning of the third quarter, Boyd has experienced a transformative period defined by significant achievement and growth”, commented Brian Kaner, president and CEO of Boyd Group. “We signed a definitive agreement to acquire Joe Hudson’s Collision Center, a leading collision repair operator in the US Southeast, successfully completed a $897 million bought-deal initial public offering concurrent with a listing on the New York Stock Exchange, and achieved a return to positive same-store sales, all while making meaningful progress on our margin improvement initiatives. Together, these milestones represent an exciting chapter of growth, strength and opportunity for Boyd.”