BOYD GROUP SERVICES INC. - Form 6-K Filing Summary

Boyd Group Services Inc. (BGSI) reported its financial results for the second quarter and six months ended June 30, 2026. The company experienced a significant increase in sales, primarily driven by the acquisition of Joe Hudson's Collision Center, which added 258 locations. Sales for the second quarter increased by 29.9% to $1,013.7 million, and for the first six months by 29.0% to $2,010.3 million. Same-store sales saw a modest increase of 2.9% for the quarter and 2.2% year-to-date. Adjusted EBITDA increased by 44.9% to $135.9 million for the quarter and by 48.2% to $258.3 million for the six-month period, with the Adjusted EBITDA margin improving to 13.4% and 12.8% respectively. The company is accelerating its Project 360 cost savings target, now expecting $65 million in savings for 2026. Despite a reported net loss for the six-month period due to acquisition and transformational costs, adjusted net earnings showed significant improvement. BGSI anticipates continued growth through organic expansion, acquisitions, and investments in adjacent capabilities, while maintaining balance sheet flexibility.