Big at Boyd: Boyd Group added 21 collision centres in Q3 2023, according to financial results
Winnipeg, Manitoba — Winnipeg, Manitoba-based Boyd Group Services reported its Q3 results on Friday, where the network said it added 21 locations to its portfolio during the quarter–17 via acquisition and four start-ups. The company reported 17.9 percent growth in sales, reaching $737.8 million compared to $625.7 million in the same period of the previous […]
Making Milestones: Boyd Group celebrates 900 location
Toronto, Ontario — In a recent LinkedIn post, Mario Dimovski, director of innovation and transformation, Boyd Group, announced that Boyd Group has reached 900 locations across Canada and the United States. In response to this milestone achievement, Dimovski commented that “this achievement is a testament to the dedication of our entire Boyd Group family of […]
Priority Printing: Insurers, repairers and entire industry could benefit from 3D printed auto parts—but not without challenges
Toronto, Ontario – Recently, the Task Force group, composed of experts from various fields related to 3D printing, OEMs, additive materials, recycling and engineering released an assessment report on the benefits, challenges and future directions of 3D printing in the automotive industry. According to the report, the Task Force group’s “efforts have been focused on […]
Meet Mr. Murray: Jeff Murray named CFO of Boyd Group
Winnipeg, Manitoba — Boyd Group Services has named Jeff Murray as its new chief financial officer. According to Boyd, Murray has already been serving in the role on an interim basis, following the retirement of Pat Pathipati at the end of 2022. Murray first joined Boyd’s finance department in 2004 and has served as VP […]
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 […]
Up and At ’Em: Boyd Group reports 23.4 percent profit growth in Q4 2022
Winnipeg, Manitoba — The Boyd Group reported its Q4 2022 results earlier this week, stating net earnings of US$14.2 million during the fourth quarter, up from US$4.9 million a year earlier. Profit for Q4 2022 amounted to 66 cents (USD) per diluted share, up from 23 cents per diluted share in Q4 2021. For the […]
Tuesday Ticker: Boyd Group announces Q1 cash dividend, Magna feels effects of rising interest rates
Toronto, Ontario — In this weekly Tuesday Ticker, Boyd Group announces a cash dividend for the first quarter of 2023 and rising interest rates, among other macroeconomic factors, put strain on Magna stocks. Betting on Boyd Boyd Group announced Friday a cash dividend for the first quarter of 2023 of $0.147 per common share. The […]
Romans Ranks: Romans Group LLC unveils annual repairer ranking; says consolidators continue ‘aggressive’ growth
Toronto, Ontario — The 16th annual Romans Group whitepaper, A 2021 Profile of the Evolving U.S. and Canada Collision Repair marketplace, is now available. The annual report details the general health of the collision repair marketplace, including a ranking of top franchisors, networks/banners and independent repair groups. With all Canadian repair organizations considered, franchisors make […]
Pleading for Parity: Boyd Group CEO says ‘industry needs to raise the bar on compensation for skilled labour’
Toronto, Ontario — If you haven’t heard it enough yet, Tim O’Day from Boyd Group is here to say it again; the industry needs to do much better about compensating technicians if it wants to keep its collision centres staffed. “It’s still a very, very tight, competitive labour market so even as we’re receiving price […]
A Date with Dad: Boyd Autobody & Glass Father’s Day Charity Car Show raises $61,000 for Child Advocacy Centre
Kelowna, British Columbia – The Boyd Autobody & Glass Father’s Day Charity Car Show took place last weekend, bringing car enthusiasts together for some rainy-day family festivities. The event returned after a two-year hiatus with a goal to raise funds for charities in the Okanagan region. Attendees powered through the rain with umbrellas out, strolling […]
