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- Boyd Delivers Positive Same-Store Sales Growth, Margin Improvement and Strengthens Business with Announced Joe Hudson's Acquisition and NYSE Listing

WINNIPEG, MB, Nov. 12, 2025 /CNW/ - Boyd Group Services Inc. (TSX: BYD) (NYSE: BGSI) ("BGSI", "the Boyd Group", "Boyd" or "the Company") today announced the results for the three and nine month periods ended September 30, 2025. The Boyd Group's third quarter 2025 financial statements and MD&A have been filed on SEDAR+ (www.sedarplus.ca) and EDGAR (www.sec.gov). This news release is not in any way a substitute for reading Boyd's financial statements, including notes to the financial statements, and Boyd's Management's Discussion & Analysis. 

Results and Highlights for the Third Quarter Ended September 30, 2025:  

  • Sales increased by 5.0% to $790.2 million from $752.3 million in the same period of 2024 with same-store sales[1] increasing 2.4%, and $22.2 million in sales coming from new locations. The third quarter of 2025 recognized the same number of selling and production days when compared to the same period of 2024
  • Gross Profit increased by 6.5% to $365.9 million or 46.3% of sales from $343.6 million or 45.7% of sales in the same period in 2024
  • Adjusted EBITDA1 increased 22.8% to $98.4 million, compared with Adjusted EBITDA of $80.1 million in the same period in 2024, while Adjusted EBITDA margin1 increased to 12.4% of sales from 10.7% of sales in the same period of 2024
  • Adjusted net earnings1 increased to $13.3 million, compared with $3.2 million in the same period of 2024 and adjusted net earnings per share1 increased to $0.62, compared with $0.15 in the same period of 2024. Prior to the adjustments for acquisition and transformational cost initiatives, Boyd posted net earnings of $10.8 million, compared with $2.9 million in the same period of 2024 and net earnings per share of $0.51, compared with $0.13 in the same period of 2024
  • Debt, net of cash before lease liabilities increased from $505.8 million at June 30, 2025 to $521.0 million at September 30, 2025
  • Completed a C$275 million unsecured note offering, used to repay existing indebtedness
  • Declared third quarter dividend in the amount of C$0.153 per share
  • Surpassed the 1,000th location milestone during the third quarter
  • Added 24 collision repair locations, including 17...

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