Boyd Group Services (TSE:BYD) Issues Quarterly Earnings Results

Boyd Group Services (TSE:BYD) posted its quarterly earnings data on Wednesday. The company reported C$0.81 EPS for the quarter, FiscalAI reports. The firm had revenue of C$1.39 billion during the quarter. Boyd Group Services had a return on equity of 1.74% and a net margin of 0.58%.

Here are the key takeaways from Boyd Group Services’ conference call:

• Boyd reported record first-quarter results, with revenue up 28% to CAD 997 million and Adjusted EBITDA up 52% to a record CAD 122 million. Adjusted EBITDA margin expanded 200 basis points to 12.3%.
• The company said Project 360 and acquisition synergies are driving meaningful cost savings, with over CAD 60 million realized to date and a path to CAD 140 million in total savings over time. Management also said it remains on track for additional savings in 2026.
• Same-store sales rose 1.7% in the quarter, or about 2.6% excluding weather impacts in the South. April trends were said to be improving toward the low end of Boyd’s long-term 3%–5% growth framework.
• The Joe Hudson’s acquisition closed and its integration has been completed, with all locations converted to Boyd systems shortly after quarter end. Management expects about CAD 40 million of synergies from the deal, with roughly half realized in 2026.
• Boyd ended the quarter with higher leverage after funding Joe Hudson’s, reporting net debt of CAD 2.0 billion and pro forma debt leverage of 2.9x. Management still expects leverage to improve to 2.6x as early as the end of 2026.

Boyd Group Services Stock Performance

Shares of BYD stock opened at C$134.54 on Thursday. The company has a market cap of C$3.74 billion, a price-to-earnings ratio of 164.07, a price-to-earnings-growth ratio of -56.72 and a beta of 0.75. The stock has a 50 day simple moving average of C$181.57 and a 200-day simple moving average of C$209.87. Boyd Group Services has a 12-month low of C$129.74 and a 12-month high of C$248.23. The company has a current ratio of 3.14, a quick ratio of 0.30 and a debt-to-equity ratio of 99.84.

Analyst Ratings Changes

BYD has been the subject of several analyst reports. Canadian Imperial Bank of Commerce reduced their price objective on Boyd Group Services from C$280.00 to C$275.00 in a research note on Tuesday, April 7th. Stifel Nicolaus reduced their price objective on Boyd Group Services from C$265.00 to C$255.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Scotiabank set a C$264.00 price objective on Boyd Group Services and gave the company an “outperform” rating in a research note on Wednesday, January 14th. BMO Capital Markets reduced their price objective on Boyd Group Services from C$280.00 to C$250.00 in a research note on Thursday, March 19th. Finally, Desjardins reduced their price objective on Boyd Group Services from C$270.00 to C$260.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$262.17.

Insider Activity

In other Boyd Group Services news, insider Brian Kaner bought 1,180 shares of the business’s stock in a transaction dated Tuesday, March 31st. The stock was acquired at an average cost of C$173.43 per share, with a total value of C$204,647.40. Following the purchase, the insider owned 1,780 shares in the company, valued at approximately C$308,705.40. This represents a 196.67% increase in their position. Company insiders own 0.37% of the company’s stock.

Boyd Group Services Company Profile

Boyd Group Services Inc is a Canadian corporation and controls The Boyd Group Inc and its subsidiaries. Boyd Group Services Inc shares trade on the Toronto Stock Exchange (TSX) under the symbol BYD.TO and the New York Stock Exchange (NYSE) under the symbol BGSI. For more information on The Boyd Group Inc or Boyd Group Services Inc, please visit our website at https://www.boydgroup.com .