Boyd Group Posts Sales Increases in Third Quarter

The Boyd Group reported November 9 financial results for periods ending September 30.

The Winnipeg-based company filed its third-quarter financial statistics on the Canadian System for Electronic Document Analysis and Retrieval site.

The company’s sales increased by 14.7 percent to $345.3 million ($USD 265.6 million). Adjusted net earnings increased 29.4 percent to $13.1 million ($USD 9.7 million), according to the release.

Additionally, the company added 10 collision repair locations, bringing new location additions to 55 year-to-date.

“We achieved strong growth in the third quarter of 2016 as a result of continuing success with the consistent execution of our strategy to both increase same-store sales and add new locations,” said Brock Bulbuck, president and CEO of Boyd Group.” With 55 new locations added so far this year, along with healthy organic growth, we are confident that we are on track to achieve our long-term goals.”

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