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Boyd Group Services (BYDGF)
OTHER OTC:BYDGF
Earnings Data
Report Date
May 14, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.21Last Year’s EPS
0.44Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 19, 2025
|% Change Since: -7.33%
|Next Earnings Date:May 14, 2025
Earnings Call Sentiment|Negative
The earnings call highlighted some positive aspects such as revenue growth from new locations and a promising cost-saving initiative (Project 360). However, these were overshadowed by significant challenges, including a decline in same-store sales, decreased adjusted EBITDA, increased operating expenses, and a drop in net earnings. Additionally, the challenging claims environment continues to impact performance negatively.Company Guidance
During the Boyd Group Services, Inc. fourth quarter and year-end 2024 conference call, several key metrics and guidance were discussed. The company reported a 4.2% increase in annual sales to $3.1 billion, despite a 1.8% decline in same-store sales. Operating expenses rose to 34.6% of sales from 33% the previous year, while adjusted EBITDA decreased by $33.4 million to $334.8 million, largely due to a decline in repairable claims. The company launched Project 360, aiming for $100 million in annual cost savings, with initial expenses of $4.4 million recorded in the fourth quarter. Despite reporting a decrease in adjusted net earnings per share from $4.18 to $1.44, Boyd announced a 2% increase in its dividend. The company also outlined its capital expenditure plans, focusing on network technology upgrades, and set a five-year revenue target of $5 billion by 2029. For the first quarter of 2025, Boyd anticipates modest improvements in same-store sales, although adjusted EBITDA is expected to trend slightly below the previous year's levels.Revenue Growth from New Locations
Sales increased by 4.2% to $3.1 billion, driven by contributions from 155 new locations.
Project 360 Cost Initiative
Boyd has launched Project 360, expected to result in $100 million in annual recurring cost savings. The initiative is set to gradually improve operating expenses starting Q2 2025.
Dividend Increase
Boyd announced an increase to its dividend by 2% to CAD0.612 per share on an annualized basis.
Long-Term Growth Strategy
Boyd aims to grow revenue to $5 billion by 2029 and double adjusted EBITDA dollars from 2024 to 2029.
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BYDGF 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
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BYDGF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 19, 2025 | $156.44 | $151.84 | -2.94% |
| Nov 05, 2024 | $157.39 | $159.04 | +1.05% |
| Aug 08, 2024 | $157.04 | $165.66 | +5.49% |
| May 15, 2024 | $188.36 | $174.64 | -7.28% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Boyd Group Services (BYDGF) report earnings?
Boyd Group Services (BYDGF) is schdueled to report earning on May 14, 2025, TBA Not Confirmed.
What is Boyd Group Services (BYDGF) earnings time?
Boyd Group Services (BYDGF) earnings time is at May 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BYDGF EPS forecast?
BYDGF EPS forecast for the fiscal quarter 2025 (Q1) is 0.21.
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