Boyd Group Services (NYSE:BGSI) reported its financial results for the full year ended December 31, 2025, highlighting a year of significant structural growth and market consolidation.
Total sales for the year reached $3.14 billion, representing a 2.4% increase over 2024.
This growth was underpinned by the successful execution of the company’s "collision repair network" strategy, which focuses on both organic same-store sales improvements and a disciplined acquisition pipeline.
Despite broader economic headwinds affecting consumer discretionary spending, the essential nature of collision repair services provided a resilient revenue base.
The company’s focus on operational excellence and supply chain optimization was reflected in its profitability metrics.
Adjusted EBITDA rose 12.4% to $376.3 million, outpacing revenue growth and indicating successful margin expansion.
On an adjusted basis, net earnings climbed to $62.4 million, or $2.78 per share.
However, statutory net earnings were $18.4 million, a figure impacted by $22.6 million in one-time acquisition and transformational costs associated with the landmark purchase of Joe Hudson’s Collision Centers, one of the largest independent repair chains in the United States.
The 2025 fiscal year was also marked by a transformation of the company’s capital structure.
To support the Joe Hudson’s acquisition and future growth, Boyd Group completed multiple strategic financings, ensuring a robust liquidity position to navigate the integration phase.