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Tag: boyd
ADAS
New Age: Boyd Group spent US$4.8 million on network technology upgrades in Q1 2024, increased scanning and calibration workforce by 60 percent
Winnipeg, Manitoba — Boyd Group Services released its Q1 2024 financial results on Wednesday, revealing the company spent US$4.8 million on network technology upgrades in the first three months of 2024. Company CEO Tim O’Day added that the company has increased the number of scanning and calibration services it can perform in-house by increasing its […]
May 15, 2024
Auto Insurance
Pricing Paradigm: Boyd’s Q1 sales driven by vehicle complexity, increased scanning and calibration services
Winnipeg, Manitoba — The Boyd Group reported its Q1 sales figures last month, with increases in sales based on “higher repair costs due to increasing vehicle complexity…increased scanning and calibration services and general market inflation,” said the company. CEO Tim O’Day told investors during the earnings call that most of the company’s scanning and calibrations […]
June 5, 2023
Business
Boyd Group Bounce Back: Company reports Q1 2022 financial results, cites client price increases, wage pressure
Winnipeg, Manitoba — The Boyd Group reported its Q1 2022 financial results Wednesday, confirming that the company saw “some modest recovery of demand for services in Canada,” as COVID-19 restrictions were lifted across the nation. Sales increased by 32 percent to US$556.8 million for Boyd’s U.S. and Canadian operations, up from US$421.6 million in the […]
May 11, 2022
EV
Tuesday Ticker: March 22, 2022
Toronto, Ontario — In this weekly Tuesday Ticker report, Canada’s third-largest auto parts manufacturer preps to prove its battery-making power; LKQ Corp. enters plans to sell its aftermarket glass division and Boyd Group Services announces its Q1 2022 cash dividend. Proving the power Martinrea International said it will begin proving out its battery technology and […]
March 21, 2022
Collision Repair
Done Deal: Boyd Group Services completes CEO succession plan
Winnipeg, Manitoba — On Jan. 4, Boyd Group Services announced it had completed its CEO Succession Plan that was first announced in August 2019. Effective Jan. 2, 2020, former Boyd Group president and CEO Brock Bulbuck moved into an executive chair role, with Tim O’Day succeeding Bulbuck as president and CEO. Bulbuck remained in the […]
January 6, 2022
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BOYD’S TECHNICAL TACTICIAN
The Tale of Scott Sieppert’s Assent When Scott was about to graduate from High School in 1996, he has his eyes set on becoming a mechanic. But after months of searching for someone to take him on as apprentice, he grew frustrated; and that’s when Ken Friesen stepped in. Ken entered Scott’s life and offered […]
December 6, 2021
Collision Repair
Growth Nonetheless: Boyd Group announces Q3 results, demand slowly growing in Canada
Winnipeg, Manitoba — The Boyd Group announced its third-quarter results yesterday, revealing both good and bad news for the North American collision repair scene. Overall, Boyd Group sales increased 28.4 percent from the same period of 2020, including same-store increases of 10.7 percent. Gross profit increased by 19.6 percent compared to the third quarter of […]
November 17, 2021
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BOYD’S BOLD FUTURE
Development, Optimism and Growth in our National Nework As Canada begins to emerge from the pandemic, one of the country’s largest automobile repair companies is preparing to service more customers in an ever-increasing number of markets in Canada and the United States. The Boyd Group has a plan to double its business by 2025. “If […]
August 15, 2021
Collision Repair
Open to Opus: Boyd Group Services deploys Opus IVS’ DriveSafe to all locations
Toronto, Ontario — Boyd Group Services Inc., which operates as Boyd Auto Body & Glass and Assured Automotive in Canada and Gerber Collision & Glass in the U.S., has entered into an agreement to deploy the Opus IVS’ collision scanning solution to all locations. Boyd has worked with Opus IVS to create an efficient workflow […]
July 22, 2021
Business
Tuesday Ticker: June 22, 2021
Toronto, Ontario — This week, the Tuesday Ticker covers the Boyd Group’s upcoming dividend; Hyundai’s plan to conquer the air-taxi market in just four years and Statistics Canada’s reports of fast-paced inflation rates. Bucks for Boyd Boyd Group Services last week announced a cash dividend for the second quarter of 2021 of $0.141 per common […]
June 21, 2021
Technology
Tuesday Ticker: May 4, 2021
Toronto, Ontario — In this week’s Tuesday Ticker, Volkswagen’s head honcho says the automaker will make its own chips for self-driving vehicles; gig-related stocks suffer following a Biden administration representative interview and Boyd Group Services marks a date for its Q1 financial results reveal. Homemade chips Volkswagen won’t be relying on an outside company for […]
May 3, 2021
Collision Repair
Tuesday Ticker: April 20, 2021
Toronto, Ontario — In this week’s Tuesday Ticker, Boyd Group Services gets an ‘outperform’ rating from CIBC, PPG makes major moves after exceeding Wall Street’s Q1 expectations and Tesla stock sees a drop following an alleged autopilot-involved accident in Texas. Boost for Boyd Boyd Group Services had its price target raised by stock analysts at CIBC […]
April 19, 2021
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