Boyd Group Services Inc. Reports Q3 2026 Revenue Growth and Margin Expansion
Boyd Group Services Inc. (BGSI) reported strong third-quarter 2026 results, highlighted by a 28% year-over-year revenue increase to $1 billion. This growth was fueled by significant incremental sales from new locations and a 2.2% rise in same-store sales, which notably outperformed the broader industry's declining repairable claims volume. The company achieved an adjusted EBITDA of $132 million, representing a 34% increase driven by margin expansion and cost-reduction initiatives under 'Project 360.' While higher depreciation and finance costs led to a decrease in adjusted EPS to $0.68, the company successfully reduced its pro forma net leverage to 2.9x and continues to integrate recent acquisitions like Joe Hudson’s.
Topics: Acquisition Synergies Adjusted EBITDA Margin Expansion Revenue Growth Same-Store Sales