Boyd Group Services Inc

BYD

Equity

ISIN CA1033101082 / Valor 51748227

Toronto Stock Exchange (2024-12-11)

CAD 205.09+0.88%

Boyd Group Services Inc
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About company

Boyd Group Services Inc. is a Canadian corporation that controls the Boyd Group Inc. and its subsidiaries. The company is one of the largest operators of non-franchised collision repair centers in North America, with locations in both Canada and the U.S. operating under various trade names such as Boyd Autobody & Glass, Assured Automotive, and Gerber Collision & Glass. Additionally, the company is a major retail auto glass operator in the U.S. under trade names like Glass America and Auto Glass Service. Boyd Group Services Inc. also operates a third party administrator, Gerber National Claim Services, which offers various services including glass, emergency roadside, and first notice of loss services.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Sales Growth

Boyd Group Services Inc. reported a 3.4% increase in sales for the second quarter of 2024, reaching $779.2 million, up from $753.2 million in the same period of 2023. However, same-store sales declined by 3.2% during this period.

Gross Profit

Gross profit for Boyd Group Services Inc. in the second quarter of 2024 increased by 3.7% to $355.5 million, or 45.6% of sales, compared to $342.7 million, or 45.5% of sales, in the same period of 2023.

Adjusted EBITDA

Adjusted EBITDA for Boyd Group Services Inc. decreased by 6.1% to $89.6 million, or 11.5% of sales, in the second quarter of 2024, compared to $95.4 million, or 12.7% of sales, in the same period of 2023.

Net Earnings

Boyd Group Services Inc. reported a decrease in net earnings to $10.8 million in the second quarter of 2024, compared to $26.3 million in the same period of 2023. Net earnings per share also decreased to $0.50 from $1.22 in the same period of 2023.

Dividends and Acquisitions

Boyd Group Services Inc. declared a second quarter dividend of C$0.15 per share and added 13 collision repair locations, including 10 through acquisition and three start-up locations, during the second quarter of 2024.

Summarized from source with an LLMView Source

Key figures

-22.6%1Y

4.15%3Y

%5Y

Performance

26.4%1Y

29.4%3Y

31.7%5Y

Volatility