Boyd Group Services Inc. (NYSE:BGSI) reported fourth-quarter results that topped earnings forecasts but missed revenue expectations, with the company’s shares rising about 0.85% after the announcement.
The collision repair specialist posted adjusted earnings per share of $0.90 for the quarter, exceeding the analyst consensus of $0.63 by $0.27. Revenue came in at $793.85 million, below estimates of $816.55 million, though still 5.5% higher than the $752.34 million reported in the same period a year earlier. The company also recorded its second straight quarter of positive same-store sales growth, with comparable sales increasing 2.2% year over year.
For the full year 2025, adjusted EBITDA rose 12.4% to $376.3 million, while the adjusted EBITDA margin expanded by 110 basis points to 12.0%. Annual revenue totaled $3.14 billion, representing a 2.4% increase from $3.07 billion in 2024. Growth was driven largely by the addition of 119 new locations, which generated $94.2 million in incremental sales, partly offset by a 0.2% decline in same-store sales.
“We closed out 2025 with strong momentum, highlighted by our second consecutive quarter of positive same-store sales growth, continued outperformance relative to industry trends, margin expansion and a strengthened competitive position,” said Brian Kaner, President and CEO.
After the quarter ended, the company finalized its $1.3 billion acquisition of Joe Hudson’s Collision Center, adding 258 sites across the U.S. Southeast. Since completing the deal, Boyd has transitioned roughly 44% of the acquired locations to its operating systems and brand.
For the full year, Boyd reported adjusted net earnings of $62.4 million, up 28.8% from $48.5 million in 2024. The company expanded its footprint by adding 70 collision repair centers during the year, including 43 acquisitions and 27 newly opened locations.