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.