Boyd Group Services Inc.

Boyd Group Services reported second-quarter 2026 revenue above $1 billion for the first time, rising 30% year over year to $1.013 billion. Adjusted EBITDA increased 45% to $135.9 million, with margins expanding to 13.4%. The company completed the system conversion across all 258 Joe Hudson's Collision Center locations and raised its 2026 synergy target to $35 million from $20 million. Same-store sales grew 2.9% despite flat-to-down industry repair volumes, and management expects acquisition activity to accelerate in the second half of 2026.

Boyd Group Services Inc. reported record first-quarter 2026 financial results, with sales rising 28.1% to $996.7 million and Adjusted EBITDA increasing 51.9% to $122.4 million. The performance was driven by a 33% expansion in the company's collision location footprint, consistent same-store sales growth, and the successful completion of strategic acquisitions and system integrations. Operational milestones included $20 million in cost savings from Project 360 and Joe Hudson synergies, while 80% of scanning and calibration services were internalized. These gains contributed to a 200-basis-point expansion in Adjusted EBITDA margins, bringing the company closer to its 14% margin target. CEO Brian Kaner attributed the success to disciplined strategy execution and scalability, noting that Boyd Group continues to outperform industry volume trends.

Boyd Group Services Inc. announced a second-quarter 2026 cash dividend of C$0.156 per common share. The dividend will be paid on July 29, 2026 to shareholders of record as of June 30, 2026. Non-resident shareholders of Canada will be subject to withholding taxes on the dividend.