Boyd Group Services Reports Q3 Earnings Miss Despite Revenue and EBITDA Growth
Boyd Group Services (BGSI) reported third-quarter financial results that fell short of analyst expectations. The company posted a non-GAAP earnings per share (EPS) of $0.68, missing consensus estimates by $0.16. While revenue grew significantly to $1.01 billion—a 27.8% increase year-over-year—it missed market projections by approximately $10 million. Despite the top and bottom-line misses, the company showed strength in operational efficiency. Gross profit rose 29.4% to $473.4 million, and adjusted EBITDA increased 34.3% to $132.1 million. Same-store sales also saw a modest increase of 2.2%. However, net earnings experienced a sharp year-over-year decline of 99%, falling to $81,000.
Topics: earnings miss EBITDA gross margin expansion net earnings decline revenue growth