Boyd Group Posts Record Q1 Sales, EBITDA Soaring 52% on Strong Growth, Margin Expansion
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Boyd Group Services Inc. reported record first-quarter 2026 sales of $996.7 million, a 28.1% increase year-over-year, and record Adjusted EBITDA of $122.4 million, up 51.9%. The company also expanded Adjusted EBITDA margins by 200 basis points to 12.3% and saw Adjusted net earnings per share jump 87% to $0.58. This strong performance was driven by the addition of 269 new locations, increasing its footprint by 33% year-over-year, positive same-store sales growth, and successful integration of acquisitions, which also contributed to a reduction in pro forma debt leverage from 3.1x to 2.9x. These results are highly material, indicating robust operational execution and significant growth, and could serve as a strong catalyst for the stock, especially given its current trading near 52-week lows. Traders will be watching for continued momentum in same-store sales and further progress towards the company's 14%+ Adjusted EBITDA margin goal.
At the time of this announcement, BGSI was trading at $111.66 on NYSE in the Trade & Services sector, with a market capitalization of approximately $3.1B. The 52-week trading range was $110.80 to $183.10. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: PR Newswire.