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Boyd Group posts record Q1 sales up 28%, EBITDA up 52%, expands locations by 33%

Company Fundamentals
13 May 2026
PRNewsWire
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Bullish
pluang ai news

Boyd Group Services Inc. reported record first-quarter 2026 sales of $996.7 million, a 28.1% increase year-over-year, driven by new location growth and market share gains. Adjusted EBITDA surged 51.9% to $122.4 million, with margins expanding by 200 basis points to 12.3%, reflecting operational efficiencies and acquisition synergies. The company added 269 new collision repair locations, increasing its footprint by 33%, and completed integration of Joe Hudson's systems on schedule. Despite a net loss due to acquisition and transformation costs, adjusted net earnings rose 144% to $16.1 million. Boyd Group expects continued growth through new locations and market share gains, aiming for further margin expansion and long-term shareholder value.

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