Overview

* Boyd Q3 sales rose 5% to $790.2 mln, slightly beating analyst expectations

* Adjusted EPS for Q3 beat analyst expectations, reaching $0.62

* Company announced acquisition of Joe Hudson Collision Center for $1.3 bln

Outlook

* Boyd expects to open 13 new start-up locations in Q4 2025

* Joe Hudson acquisition expected to close in Q4 2025, adding 258 locations

* Company projects $35-$45 mln in synergies from Joe Hudson acquisition

Result Drivers

* SAME-STORE SALES GROWTH - Boyd achieved a 2.4% increase in same-store sales, contributing to overall sales growth

* NEW LOCATIONS - Added 24 collision repair locations, including 17 through acquisition and seven start-up locations

* COST TRANSFORMATION - Project 360 cost transformation plan led to a 22.8% increase in Adjusted EBITDA

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Slight $790.21 $787.60

Beat* mln mln (12

Analysts

)

Q3 Beat $0.62 $0.61

Adjusted (11

EPS Analysts

)

Q3 EPS $0.50

Q3 $13.29

Adjusted mln

Net

Income

Q3 Net $10.85

Income mln

Q3 $98.37

Adjusted mln

EBITDA

Q3 Gross 46.30%

Margin

Q3 Basic $0.51

EPS

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the personal services peer group is "buy"

* Wall Street's median 12-month price target for Boyd Group Services Inc ( BGSI ) is C$277.50, about 23.7% above its November 11 closing price of C$211.77

* The stock recently traded at 41 times the next 12-month earnings vs. a P/E of 40 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)