Boyd Group Services (TSE:BYD) Announces Earnings Results

Boyd Group Services (TSE:BYD) released its earnings results on Wednesday. The company reported C$1.24 EPS for the quarter, FiscalAI reports. The firm had revenue of C$1.04 billion during the quarter. Boyd Group Services had a net margin of 0.52% and a return on equity of 1.91%.

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

• Company reported a strong 2025 with CAD 3.1 billion revenue, adjusted EBITDA up 12.4% to CAD 376.3 million, and Q4 adjusted EBITDA up 24.2% with margin expansion to 13.1%.
• The Project 360 transformation delivered CAD 40 million of annualized savings in 2025 and, combined with Joe Hudson synergies, forms a CAD 140 million integrated cost program expected to drive further margin improvement (another ~CAD 50 million targeted in 2026).
• Boyd closed the CAD 1.3 billion Joe Hudson’s acquisition (Jan 9, 2026); integration is on schedule (≈44% of stores converted, ~30/week) and management expects ~50% of the CAD 35–45 million synergies in 2026 with procurement benefits already beginning.
• Industry conditions are normalizing—repairable claims declines improved from ~9–10% early 2025 to ~2–4% in Q4 and management says trends continued into early 2026, supported by falling insurance premium growth and rising used-car prices, which should support volumes and pricing over time.
• Near-term headwinds include unusual southern winter storms that temporarily reduced Q1 volumes, higher early-year payroll taxes and one-time transformation/integration costs (Project 360 implementation and Joe Hudson integration roughly CAD 20–30 million each) that weighed on 2025 net earnings.

Boyd Group Services Stock Down 13.2%

Boyd Group Services stock opened at C$192.84 on Thursday. The firm has a market capitalization of C$5.37 billion, a price-to-earnings ratio of 260.59, a PEG ratio of -56.72 and a beta of 0.40. The company’s 50 day simple moving average is C$227.31 and its 200 day simple moving average is C$225.43. The company has a debt-to-equity ratio of 158.71, a current ratio of 0.70 and a quick ratio of 0.30. Boyd Group Services has a fifty-two week low of C$184.20 and a fifty-two week high of C$248.23.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on BYD shares. Canadian Imperial Bank of Commerce increased their price target on Boyd Group Services from C$280.00 to C$290.00 in a research note on Friday, February 6th. Scotiabank set a C$264.00 price objective on Boyd Group Services and gave the stock an “outperform” rating in a research note on Wednesday, January 14th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$266.36.

About Boyd Group Services

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 .