- Boyd Group Services’ first-quarter Adjusted EBITDA came in at $80.5 million, exceeding the estimate of $79.4 million.
- The company’s Adjusted EPS was 10 cents, falling short of the estimated 15 cents.
- Sales for the quarter were $778.3 million, slightly below the projected $796 million.
- Early in the second quarter of 2025, Boyd implemented a new indirect staffing model, anticipated to save approximately $30 million annually.
- This move is part of Project 360, aiming for $70 million in cost savings by the end of 2026 and ultimately $100 million by 2029.
- So far, the new staffing model has improved Adjusted EBITDA dollars and margin compared to the first quarter of 2025.
- Further initiatives could yield around $40 million in additional annualized run rate savings by the end of 2026, focusing on direct and indirect procurement spending.
- The analyst recommendations include 10 buys, 1 hold, and 1 sell.
A look at Boyd Group Services Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Boyd Group Services Inc., which operates collision repair centers for both commercial and passenger vehicles in Canada and the United States, has received a mix of Smartkarma Smart Scores across different factors. With a Value score of 3, the company is viewed moderately in terms of its valuation compared to its peers. In terms of Dividend, Boyd Group Services scored a 2, indicating a lower dividend performance. Furthermore, with Growth, Resilience, and Momentum scores all at 3, the company shows average performance in these areas, indicating steady growth potential, resilience in challenging times, and consistent momentum in the market.
Looking ahead, Boyd Group Services may need to focus on enhancing its dividend performance while continuing to maintain and potentially improve its value, growth, resilience, and momentum aspects. Despite the mixed scores, the company’s core business of automotive collision, glass repair, and replacement services positions it well within the industry. Investors should keep an eye on how Boyd Group Services navigates these different factors to gauge its long-term outlook in the competitive collision repair market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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