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Tag: Boyd Group
Business
Quarter Comprehension: Boyd releases Q3 results; CEO Tim O’Day says ‘disappointed’ with results
Toronto, Ontario — On Wednesday, Boyd Group Services Inc. announced that sales increased by two percent to $752.3 million from $737.8 million in its third quarter results. Additionally, the financial quarter report noted that “the third quarter of 2024 recognized one additional selling and production day when compared to the same period of 2023, which […]
November 13, 2024
Technology
Tuesday Ticker: Waymo earns US$5.6 billion in latest investment round; Boyd to release Q3 results Nov. 5
Toronto, Ontario — In today’s Tuesday Ticker, autonomous ride service Waymo marks US$11 billion in total capital raised following its latest investment round. Plus, Boyd Group Services sets the date for its Q3 2024 financial results. Woohoo for Waymo Self-driving robotaxi company Waymo has closed a US$5.6 billion funding round—the largest investment in the company’s […]
October 28, 2024
ADAS
Boyd’s Books: Boyd reports Q2 2024 financials; Internalization of scanning and calibration, repair-first strategy drive improved margins despite softening sales
Winnipeg, Manitoba — Boyd Group Services, which operates the Boyd Autobody and Glass and Assured collision networks, reported its second-quarter financials on Thursday. For the quarter ended June 30, 2024, Boyd Group Services posted net earnings of US$10.8 million, compared to US$26.3 million in the same period of 2023. Factors impacting net earnings, according to […]
August 8, 2024
Business
Tuesday Ticker: Boyd Group announces Q2 2024 cash dividends; Rivian makes further layoffs
Toronto, Ontario — In this weekly Tuesday Ticker, Winnipeg, Man.-based Boyd Group Services announces its Q2 2024 cash dividends, payable at the end of July. Plus, Rivian makes another round of layoffs in the face of Q1 2024 losses. Quarterly dividends Boyd Group Services has announced its cash dividend for Q2 2024. The network will […]
June 17, 2024
Events
A Yes For Collision Repair: Assured Automotive helps hosts first Canadian NHRA YES event at Toronto Motorsports Park
Toronto, Ontario — On May 17, Assured Automotive proudly sponsored the first Canadian National Hot Rod Association Youth and Education Services (NHRA YES) event at the Toronto Motorsports Park. Founded in 1989, the NHRA YES program was developed to show students from across the United States how Science, Technology, Engineering and Math (STEM) can be […]
May 29, 2024
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
Business
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 […]
November 10, 2023
Collision Repair
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 […]
October 31, 2023
Training
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 […]
October 12, 2023
People
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 […]
July 14, 2023
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
Collision Repair
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 […]
March 23, 2023
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