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Boyd Group Services ( (TSE:BYD) ) just unveiled an update.
Boyd Group Services Inc. reported a 4.2% increase in sales to $3.1 billion for 2024, driven by new locations despite a decline in same-store sales. However, the company faced challenges with a decrease in adjusted EBITDA by 9.1% and a significant drop in net earnings by 71.7%. Boyd launched ‘Project 360’, aiming for $100 million in cost savings, and announced leadership changes with Brian Kaner set to become CEO. The company also extended its credit facilities and set a new revenue growth goal of $5 billion by 2029.
More about Boyd Group Services
Boyd Group Services Inc. operates in the North American collision repair industry, providing auto body and glass repair services. The company focuses on expanding its market share and maintaining a leadership position in the markets it serves.
YTD Price Performance: 3.86%
Average Trading Volume: 4,094
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.4B
See more data about BYD stock on TipRanks’ Stock Analysis page.
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