Boyd Group Services (TSE:BYD)
TSX:BYD
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Earnings Data
Report Date
Aug 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.4Last Year’s EPS
0.69Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum driven by record revenue (+28% YoY), significant adjusted EBITDA growth (+51.9% YoY) and accelerated location expansion (33% increase), with meaningful realized cost savings from Project 360 and acquisition synergies and a successful Joe Hudson's integration underway. Counterbalancing these positives were higher net debt following the Joe Hudson's acquisition, GAAP net loss driven by one‑time integration costs, lower same‑store sales than long‑term targets (though weather‑adjusted performance was stronger), and ongoing uncertainty around TCOR growth and claims volumes. Overall, the positives (revenue/EBITDA records, margin expansion, large footprint growth, and material synergy realization) substantially outweigh the near‑term integration, weather and leverage headwinds.Company Guidance
All‑Time Record Revenue and Adjusted EBITDA
Generated record Q1 revenue of $996.7–$997.0 million, up ~28.1% year‑over‑year, and record adjusted EBITDA of $122.4 million, up ~51.9% year‑over‑year; adjusted EBITDA margin expanded 200 basis points to 12.3%.
Major Footprint Expansion
Increased location footprint by 33% to 1,312 locations at quarter end, including 258 locations from the Joe Hudson's transaction; 339 new locations contributed approximately $203.3 million of incremental sales in the quarter.
Project 360 and Acquisition Synergies Realizing Savings
Realized over $60 million in cumulative cost savings to date from Project 360 and acquisition synergies, including an incremental $20 million in Q1; company remains on track to realize an additional $30 million in 2026 and total anticipated savings of $140 million; Joe Hudson's synergies expected ~ $40 million with ~50% in 2026.
Same‑Store Sales Improvement and Market Share Gains
Recorded third consecutive quarter of positive same‑store sales growth: +1.7% (would be ~+2.6% adjusting for adverse Southern weather); management cites market share gains and repairable claims normalizing to long‑term framework (0% to ‑2% estimate for Q1).
Adjusted Net Earnings and EPS Gains
Adjusted net earnings were $16.1 million, or $0.58 per share (excluding fair value adjustments, acquisition/transformational costs, and amortization), versus adjusted net earnings of $6.6 million or $0.31 per share in the prior year period.
Improved Gross Profit and Operating Efficiency
Gross profit increased ~29.1% to $463.7 million and gross margin modestly improved to 46.5% (from 46.2%); operating expenses fell to 34.2% of sales from 35.8% a year ago, reflecting operational efficiencies and Project 360 benefits.
Leverage Management and Liquidity
Pro forma debt leverage declined to ~2.9x from 3.1x at Q4 2025 with management expecting leverage to reach ~2.6x by the end of 2026; company highlights strong liquidity and available capacity on its credit facility to support growth.
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
TSE:BYD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 13, 2026 | C$152.86 | C$134.54 | -11.98% |
Mar 18, 2026 | C$221.89 | C$192.67 | -13.17% |
Nov 12, 2025 | C$211.43 | C$224.64 | +6.25% |
Aug 13, 2025 | C$192.57 | C$213.49 | +10.87% |
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 Aug 12, 2026, Before Open (Confirmed).
What is Boyd Group Services (TSE:BYD) earnings time?
Boyd Group Services (TSE:BYD) earnings time is at Aug 12, 2026, 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 2026 (Q2) is 1.4.