Boyd Group sales rose 28.2% to $1.01 billion in Q3 2026, driven primarily by acquisitions; new locations added $206 million in revenue, while same-store sales grew 2.2%. Adjusted EBITDA increased 34.3% to $132.1 million, with margins expanding to 13.0%. The company reported $50 million in year-to-date savings through Project 360 and acquisition synergies. Adjusted EPS of $0.68 missed estimates by $0.16, net earnings fell 99% to $81,000, and revenue was about $10 million below expectations; shares tumbled after the results.
The company attributed revenue growth to new locations, market share gains and same-store sales, while gross and operating margins improved despite a decline in repairable claims.
Read the full storyThe company reported a 28.2% revenue jump driven by new locations and $50 million in year-to-date cost savings from its Project 360 initiative.