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Boyd Group Services Inc. Reports Third Quarter 2026 Results
- BYD.TO
- BGSI
Strong Growth and Margin Expansion; Project 360 and Synergy Realization On Track
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Sales increased 28.2% to $1,012.7 million
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Adjusted EBITDA1 increased 34.3% to $132.1 million and Adjusted EBITDA margins1 expanded to 13.0%
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New locations contributed $206.0 million to revenue, complemented by 2.2% same-store sales1 growth
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Realized $50 million in Project 360 cost savings and acquisition synergies year-to-date in 2026
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Announced a normal course issue bid and declared third quarter dividend
WINNIPEG, MB, Nov. 11, 2026 /CNW/ — Boyd Group Services Inc. (TSX: BYD) (NYSE: BGSI) (“Boyd Group” or “the Company”) today announced financial results for the quarter ended September 30, 2026.
“Our third quarter results reflect continued progress on our strategic priorities and ongoing outperformance of broader industry trends. Revenue increased 28%, supported by the addition of Joe Hudson’s, market share gains and positive same-store sales growth. We delivered year-over-year expansion in gross and Adjusted EBITDA margins, benefiting from Project 360 initiatives and acquisition synergies, and remain on track to achieve our accelerated $65 million savings target for 2026.
We also launched a normal course issuer bid, reinforcing our commitment to a disciplined and balanced approach to capital allocation, with a focus on supporting our existing operations, strengthening our market position and creating long-term shareholder value.” – Brian Kaner, President & CEO of the Boyd Group
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(1) Same-store sales, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net earnings and Adjusted net earnings per share are non-GAAP financial measures and ratios and are not standardized financial measures under International Financial Reporting Standards and might not be comparable to similar financial measures disclosed by other issuers. For additional details, including a reconciliation of each non-GAAP financial measure to its nearest GAAP equivalent, please see “Non-GAAP financial measures and ratios” section of this news release. |
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Financial And Operational Highlights |
Nine months ended September 30, |
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(thousands of U.S. dollars, except per share amounts) |
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Diluted earnings (loss) per share |
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Adjusted net earnings per share (1)(2) |
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From multi-location acquisitions |
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Collision location count at period end |
