Boyd Group Services (TSE:BYD) reported record first-quarter revenue and adjusted EBITDA, helped by the January acquisition of Joe Hudson’s Collision Center, ongoing cost-savings initiatives and a return to positive same-store sales growth.
President and Chief Executive Officer Brian Kaner said the company “delivered all-time record first quarter results,” citing record revenue and adjusted EBITDA, a 33% increase in the company’s location footprint, the third consecutive quarter of positive same-store sales growth and a 200-basis-point expansion in adjusted EBITDA margin.
