The earnings call reflected a positive sentiment with Boyd Group Services showcasing strong operational improvements and strategic milestones, despite facing industry challenges and a decline in same-store sales. The company demonstrated strong gross margin and adjusted EBITDA performance, driven by successful execution of Project 360 initiatives. However, challenges remain with declines in same-store sales and net earnings, as well as increased operating expenses.

Company Guidance

During the second quarter of 2025, Boyd Group Services, Inc. demonstrated significant progress in its operational and financial performance, as reported in their recent earnings call. The company expanded its gross margins by 120 basis points to 46.8% and increased its adjusted EBITDA margins to 12%, marking the highest quarterly adjusted EBITDA margin performance since 2023. Boyd also achieved a 0.2% increase in sales to $780.4 million, despite a 2.1% decrease in same-store sales, which was offset by the addition of 53 new locations. Boyd's Project 360 initiative was a key driver of these improvements, helping the company realize $30 million in annual run rate savings from an indirect staffing model and aiming for $40 million in incremental savings from procurement spending by the end of 2026. Additionally, Boyd surpassed its 1,000th location milestone, reflecting its strategic focus on new location growth and market share gains. The company plans to open an average of 8 to 10 new start-up locations per quarter going forward, leveraging a more strategic approach to its go-to-market strategy. Although industry volumes in the second quarter were challenged, Boyd saw a modest improvement in same-store sales growth in July, driven by better customer relationships and an enhanced focus on insurance company clients’ unique performance metrics.

Gross Margin Expansion

Boyd Group Services expanded its gross margins by 120 basis points to 46.8% in Q2 2025, due to internalization of scanning and calibration, improved performance-based pricing, and increased parts margins.

Adjusted EBITDA Margin Achievement

The company's adjusted EBITDA margins increased to 12%, the highest quarterly adjusted EBITDA margin performance since 2023, reflecting a 4.7% year-over-year increase in adjusted EBITDA.

Project 360 Initiatives

Successful execution of the indirect staffing model as part of Project 360, expected to generate $30 million in annual run rate savings starting in Q2 2025, with further savings expected.

Milestone in Location Growth

Achieved the 1,000th location milestone and closed the first MSO acquisition since 2021, with plans to open an average of 8 to 10 new start-up locations per quarter going forward.

Positive Signs in Same-Store Sales

Modest same-store sales growth observed in July, with improvement continuing into the third quarter despite ongoing industry challenges.

Boyd Group Services (TSE:BYD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:BYD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 12, 2025	2025 (Q3)	0.82 / -	0.209	―	―	―
Aug 13, 2025	2025 (Q2)	0.77 / 0.70	0.779	-10.71% (-0.08)	―
May 14, 2025	2025 (Q1)	0.20 / 0.14	0.612	-77.27% (-0.47)
Mar 19, 2025	2024 (Q4)	0.31 / 0.40	1.294	-68.82% (-0.89)	―
Nov 05, 2024	2024 (Q3)	0.67 / 0.21	1.391	-85.00% (-1.18)
Aug 08, 2024	2024 (Q2)	0.85 / 0.78	1.753	-55.56% (-0.97)
May 15, 2024	2024 (Q1)	0.97 / 0.61	1.377	-55.56% (-0.77)
Mar 20, 2024	2023 (Q4)	1.49 / 1.29	0.946	36.76% (+0.35)	―
Nov 10, 2023	2023 (Q3)	1.56 / 1.39	0.779	78.57% (+0.61)	―
Aug 10, 2023	2023 (Q2)	1.42 / 1.75	0.876	100.00% (+0.88)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:BYD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 13, 2025	C$193.00	C$213.97	+10.87%
May 14, 2025	C$207.39	C$214.84	+3.59%
Mar 19, 2025	C$226.42	C$216.46	-4.40%
Nov 05, 2024	C$218.83	C$217.82	-0.46%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Boyd Group Services (TSE:BYD) report earnings?

Boyd Group Services (TSE:BYD) is schdueled to report earning on Nov 12, 2025, Before Open (Confirmed).

What is Boyd Group Services (TSE:BYD) earnings time?

Boyd Group Services (TSE:BYD) earnings time is at Nov 12, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TSE:BYD EPS forecast?

TSE:BYD EPS forecast for the fiscal quarter 2025 (Q3) is 0.82.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing