What were Boyd Group Services' (NYSE:BGSI) total sales for Q1 2026?

Boyd Group Services reported total sales of $996.7 million for Q1 2026, marking a 28.1% year-over-year increase. This growth reflects a significant scale-up in the company’s market share, just shy of the billion-dollar milestone.

How did Boyd Group’s collision network grow in Q1 2026?

Boyd Group’s collision network expanded by 33%, bringing the total number of centers to 1,312 across North America. This growth was driven in part by the acquisition of Joe Hudson’s Collision Center.

What was Boyd Group’s operational profitability in Q1 2026?

Boyd Group’s adjusted EBITDA rose 51.9% to $122.4 million in Q1 2026. The adjusted EBITDA margin expanded by 200 basis points to 12.3%, thanks to high-margin contributions from Joe Hudson’s locations and the execution of the company’s internal cost-transformation initiative, "Project 360."

How much in synergies and cost savings did Boyd realize in Q1 2026?

Boyd Group realized over $20 million in incremental synergies and cost savings from the integration of Joe Hudson’s Collision Center and the execution of Project 360, which contributed to its improved profitability.

What was the same-store sales growth for Boyd Group in Q1 2026?

Boyd Group reported same-store sales growth of 1.7% in Q1 2026, marking the third consecutive quarter of positive growth. However, the company noted that this would have been 2.6% without the disruption caused by severe winter storms in the U.S. South, a region where Boyd’s presence has increased significantly due to recent acquisitions.

Boyd Group sales near $1B as Joe Hudson integration scales

Written by Brie CarterPublished May. 13 2026Last Updated May. 13 2026

Boyd Group Services (NYSE:BGSI) delivered record-breaking financial results for the first quarter of 2026, as the company reaped the initial benefits of its transformative $1.3 billion acquisition of Joe Hudson’s Collision Center.

Total sales surged 28.1% year-over-year to $996.7 million, narrowly missing the billion-dollar milestone but signaling a massive scale-up in the firm’s market share.

This growth was fueled by a 33% expansion of Boyd’s collision network, which now stands at 1,312 centers across North America.

Operational profitability showed significant momentum, with adjusted EBITDA rising 51.9% to $122.4 million.

The company’s adjusted EBITDA margin expanded by 200 basis points to 12.3%, a gain management attributed to the high-margin contributions of Joe Hudson’s locations and the successful execution of "Project 360," Boyd’s internal cost-transformation initiative.

During the quarter, the company realized over $20 million in incremental synergies and cost savings from these programs.

Same-store sales growth remained positive for the third consecutive quarter, increasing 1.7%.

The company noted that growth would have reached 2.6% had it not been for the disruption caused by severe winter storms in the U.S. South, a region where the company’s density has increased significantly following recent acquisitions.

Despite the record operational performance, Boyd reported a net loss of $7.9 million, compared to a $2.6 million loss in the prior-year period.

The loss was primarily driven by $21.1 million in acquisition and transformational costs related to the Joe Hudson integration and Project 360, alongside higher finance costs, which rose to $30.1 million.

On the balance sheet, Boyd utilized its strong cash generation to lower its pro forma leverage from 3.1x to 2.9x, even as it continued its dividend policy with a payout of C$0.156 per share.