EarningsQ2 2026 Earnings Report
MX:BYDN Q2 2026 EPS Results
Actual EPS$14.64
Consensus EPS$16.94
Beat/MissMissed by -$2.31
One Year Ago EPS$9.15
MX:BYDN Q2 2026 Revenue Results
Actual Revenue$18.05B
Expected Revenue$18.62B
Beat/MissMissed by -$570.02M
YoY Revenue Growth+29.85%
Earnings Announcement Details
QuarterQ2 2026
Date08/12/2026
TimeBefore Open
Conference CallWednesday, August 12, 2026
MX:BYDN Upcoming Earnings
Boyd Group Services's next earnings date is estimated for November 11, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:BYDN Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly positive operational and financial performance: substantial top‑line growth (+30% revenue), outsized adjusted EBITDA growth (+45%) and meaningful margin expansion (140 bps) driven by Project 360 and faster‑than‑expected Joe Hudson synergies (synergy target raised to $35M). The company achieved significant integration milestones (systems conversion, rebranding), expanded its footprint (~32% growth) and improved leverage (pro forma ~2.8x). Near‑term challenges include a decline in GAAP net earnings due to integration‑related amortization and higher financing/depreciation, temporary sales disruption from systems conversion, and a still‑muted repairable claims environment (flat to down 2%). On balance, positives around scale, margin improvement, synergy realization and market share gains materially outweigh the transitory and integration‑driven negatives.Company Guidance
Record Revenue Milestone
Revenue increased 30% year‑over‑year to $1,013 million, exceeding $1 billion for the first time in company history.
Strong Adjusted EBITDA Growth and Margin Expansion
Adjusted EBITDA grew 45% year‑over‑year to $135.9 million. Adjusted EBITDA margin expanded 140 basis points to 13.4% (from 12.0% in Q2 2025).
Improved Gross Profit and Gross Margin
Gross profit rose 31% year‑over‑year to $480 million. Gross margin improved to 47.4%, up 60 basis points versus 46.8% in Q2 2025 — described as one of the highest gross margins in company history.
Significant Footprint Expansion and Densification
Location footprint expanded ~32% year‑over‑year, driven by acquisitions and new location development (340 new locations not in operation in the prior year period). Joe Hudson's contributed approximately $175 million in sales and ~258 locations integrated into the network.
Accelerated Synergy Realization and Raised Target
Combined Project 360 cost savings and Joe Hudson synergies contributed roughly $15 million in the quarter. Management raised the full‑year synergy target to $35 million (from $20 million) based on faster‑than‑expected integration benefits.
Successful Systems Conversion and Integration Milestone
Completed system conversion across all Joe Hudson's locations, enabling a unified operating platform and faster capture of back‑office and supply‑chain synergies (branding and many back‑office functions also completed).
Positive Same‑Store Sales and Market Share Gains
Same‑store sales increased 2.9% in Q2 2026 (four consecutive quarters of positive same‑store growth). Management estimates repairable claim volumes flat to down 2% year‑over‑year while Boyd continues to capture share through insurer relationships and a regional incentive realignment.
Improved Adjusted Net Earnings and EPS
Adjusted net earnings rose 47% year‑over‑year to $22.4 million. Adjusted diluted EPS increased to $0.80 from $0.71 (approximately +12.7%).
Stronger Balance Sheet and Lower Leverage
Pro forma net leverage improved to approximately 2.8x at quarter end, down from 3.1x at fiscal 2025 close, providing financial flexibility for growth. Maintenance capex guidance remains 1.6%–1.8% of sales.
Progress on Service Internalization
Internalization of scanning and calibration has reached about 80%–85%, meeting the prior 80% target and contributing to margin expansion.
MX:BYDN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed