Boyd Group Services ( (TSE:BYD) ) has shared an update.
Boyd Group Services Inc. has announced a new five-year goal to drive growth and enhance profitability by 2029, targeting $5 billion in revenue and doubling its adjusted EBITDA to $700 million. The plan includes expanding market share through same-store sales growth, new shop expansion, and strategic acquisitions, alongside a company-wide cost optimization initiative expected to save $100 million annually, solidifying Boyd’s leading position in the North American collision market.
More about Boyd Group Services
Boyd Group Services Inc. is a leading player in the North American collision and retail glass industry, focusing on collision repair and glass replacement services. The company aims to maintain a leadership position in its markets, leveraging its strong cash flow and balance sheet to drive growth.
YTD Price Performance: 12.27%
Average Trading Volume: 5,793
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.6B
Learn more about BYD stock on TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com