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PR Newswire·

Boyd Group Services Inc. Reports Third Quarter 2026 Results

  • Boyd Group Services Inc. reported Q3 2026 sales of $1,012.7 million, a 28.2% increase from the prior year.
  • Adjusted EBITDA rose 34.3% to $132.1 million with margins expanding to 13.0%.
  • New locations contributed $206.0 million to revenue, while same-store sales grew 2.2%.
  • The company realized $50 million in year-to-date cost savings from Project 360 & acquisition synergies, staying on track for a $65 million full-year target.
  • Net earnings for the quarter were $0.1 million, down significantly due to $5.2 million in acquisition costs & higher amortization.
  • Adjusted net earnings increased to $19.0 million, resulting in adjusted earnings per share of $0.68.
  • The company added 10 new locations via single-shop acquisitions during the quarter.
  • A normal course issuer bid was announced to support disciplined capital allocation & shareholder value creation.
  • Management expects to open 11 start-up locations in Q4 2026.
  • Project 360 & synergies are projected to deliver an additional $15 million in savings in Q4.
Company
Boyd Group Services Inc.
Keywords
Boyd Group Services Inc.