Canada's Boyd Group Q4 sales rise 2.4%, but miss estimates

Boyd Services

18/03/2026 10:11

Overview

Canada collision repair operator's Q4 sales rose 2.4% yr/yr but missed analyst expectations; adjusted EPS beat consensus

Adjusted EBITDA and adjusted net earnings rose 12.4% and 28.8% yr/yr respectively

Company completed Joe Hudson's acquisition post-quarter, expanding U.S. footprint

Outlook

Company expects to complete Joe Hudson's integration early in Q2 2026

Boyd plans to open eight start-up locations in Q1 2026, with 24 more in development for 2026

Result Drivers

SAME-STORE SALES GROWTH - Company said Q4 marked a second consecutive quarter of positive same-store sales growth, reflecting improved industry conditions and execution of growth strategy

NEW LOCATIONS - Growth from new collision locations, including acquisitions and start-ups, contributed to higher sales

MARGIN IMPROVEMENT - Adjusted EBITDA margin expanded, supported by Project 360 cost and efficiency initiatives

Company press release: ID:nCNWpH4tJa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Miss
$793.85 mln
$815.55 mln (12 Analysts)
Q4 Adjusted EPS
Beat
$0.90
$0.63 (10 Analysts)
Q4 Adjusted Net Income
$22.77 mln
Q4 Net Income
$4.79 mln
Q4 Adjusted EBITDA
$103.61 mln
Q4 Gross Margin
46.3%
Q4 Basic EPS
$0.19


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "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 is C$280.00, about 26.1% above its March 17 closing price of C$222.09

The stock recently traded at 42 times the next 12-month earnings vs. a P/E of 47 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)