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Boyd Group Services (TSE:BYD)
TSX:BYD
Holding TSE:BYD?
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Earnings Data
Report Date
Mar 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.33Last Year’s EPS
1.35Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 13, 2020
|% Change Since: 1.08%
|Next Earnings Date:Mar 18, 2020
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook, with highlights including modest sales growth and strategic initiatives like sale-leaseback transactions. However, challenges such as declining same-store sales, reduced adjusted EBITDA, and increased operating expenses weighed heavily on the company's performance. The management remains focused on growth and cost optimization but acknowledges current market uncertainties.Company Guidance
During the Boyd Group Services Inc. earnings call for the third quarter of 2024, several key metrics were discussed that reflect the company's performance and strategic initiatives. Boyd recorded sales of $752.3 million, marking a 2% increase compared to the third quarter of 2023, driven by a $41.3 million contribution from 94 new locations. Adjusted EBITDA was reported at $80.1 million, a 14.7% decrease from the previous year, primarily due to a decline in repairable claims. The company's same-store sales, excluding foreign exchange, decreased by 3.5%, while gross margin improved slightly to 45.7% from 45.2% in the same period of the previous year. Operating expenses increased to $263.4 million or 35% of sales, reflecting a rise in costs associated with new locations and inflationary pressures. Boyd's net earnings for the quarter were $2.9 million, down from $20.5 million in the same period of 2023. The company highlighted initiatives to improve gross margins, such as internalizing scanning and calibration services, and emphasized its commitment to long-term growth through strategic acquisitions and new store developments, despite current market challenges and economic uncertainty.Sales and New Locations
Boyd recorded sales of $752.3 million in Q3 2024, marking a 2% increase compared to the same period in 2023, supported by a $41.3 million incremental contribution from 94 new locations.
Gross Margin Improvement
Gross margin improved to 45.7% in Q3 2024 from 45.2% in the same period of 2023, benefiting from increased internalization of scanning and calibration, improved performance-based pricing, and better glass margins.
Commitment to Growth
Despite market challenges, Boyd added 41 new locations year-to-date and remains committed to its long-term goal of doubling the size of the business from 2021 to 2025.
Sale-Leaseback Transactions
The company completed sale-leaseback transactions for proceeds of $31.9 million, replenishing capital for further growth.
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TSE:BYD Earnings History
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
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TSE:BYD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | C$219.15 | C$218.14 | -0.46% |
| Aug 08, 2024 | C$213.54 | C$225.68 | +5.69% |
| May 15, 2024 | C$256.22 | C$237.93 | -7.14% |
| Mar 20, 2024 | C$314.11 | C$287.29 | -8.54% |
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.
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FAQ
When does Boyd Group Services (TSE:BYD) report earnings?
Boyd Group Services (TSE:BYD) is schdueled to report earning on Mar 19, 2025, TBA Not Confirmed.
What is Boyd Group Services (TSE:BYD) earnings time?
Boyd Group Services (TSE:BYD) earnings time is at Mar 19, 2025, TBA Not 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 2024 (Q4) is 0.33.
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