Boyd Group Services Inc
BYD
ISIN null / Valor 51748227
Boyd Group Services Inc
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About company
Boyd Group Services Inc. is a prominent Canadian corporation that oversees the Boyd Group Inc. and its subsidiaries, with its shares publicly traded on the Toronto Stock Exchange under the symbol BYD.TO. The company is recognized as one of the largest operators of non-franchised collision repair centers across North America, with a significant presence in both Canada and the United States. In Canada, it operates under the trade names Boyd Autobody & Glass and Assured Automotive, while in the U.S., it is known as Gerber Collision & Glass. Beyond collision repair, Boyd Group is a key player in the U.S. retail auto glass market, operating under various trade names including Glass America and Auto Glass Service. The company also provides third-party administration services through Gerber National Claim Services, which includes glass, emergency roadside, and first notice of loss services. Additionally, Boyd Group offers Mobile Auto Solutions, which provides specialized scanning and calibration services, further diversifying its service offerings in the automotive repair and maintenance industry.
Summarized from source with an LLMView SourceSector: Consumer CyclicalsLatest Results (05.10.2025):
Boyd Group Services Inc. reported its financial results for the second quarter of 2025, demonstrating margin expansion driven by profitability initiatives and surpassing 1,000 locations early in the quarter. Despite a slight increase in sales, the company achieved notable improvements in gross profit and adjusted EBITDA, while managing to reduce its debt and expand its operational footprint.
Sales Performance
Sales increased by 0.2% to $780.4 million compared to $779.2 million in Q2 2024. This growth was supported by $21.0 million in revenue from new location additions, although same-store sales declined by 2.1%.
Profitability Metrics
Gross profit rose by 2.8% to $365.4 million, representing 46.8% of sales, up from 45.6% in the same period last year. Adjusted EBITDA also saw a 4.7% increase to $93.8 million, with the margin improving to 12.0% of sales from 11.5%.
Net Earnings and Dividends
Adjusted net earnings decreased to $10.8 million from $11.9 million in Q2 2024, with earnings per share dropping to $0.50 from $0.56. The company declared a second-quarter dividend of C$0.153 per share.
Debt Reduction
Debt, net of cash before lease liabilities, decreased to $505.8 million at June 30, 2025, down from $510.4 million as of March 31, 2025.
Expansion and Acquisitions
The company added eight collision repair locations during the quarter, including four acquisitions and four start-up sites. Following the quarter, Boyd Group Services Inc. surpassed the 1,000-location milestone.
Cost Savings Initiatives
A new indirect staffing model was implemented, targeting annualized cost savings of approximately $30 million. This is part of the broader Project 360 cost transformation plan aimed at achieving $100 million in total savings by 2029.
Leadership Appointment
Brian Kaner was appointed as President & Chief Executive Officer, leading the company’s efforts to improve profitability and execute growth strategies effectively.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
3322 M
Market cap (USD)
139,220
Daily traded volume (Shares)
216.645 / 214.2
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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