Boyd Group Services Inc. Reports Fourth Quarter and Full Year 2024 Results

About this update from Boyd Group Services Inc

[{"type":"text","content":"/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/","length":90,"tagName":"p","attribs":{}},{"type":"text","content":"- Continued market share gains in challenging conditions -","length":58,"tagName":"p","attribs":{}},{"type":"text","content":"WINNIPEG, MB, March 19, 2025 /CNW/ - Boyd Group Services Inc. (TSX: BYD.TO) ("the Boyd Group", "Boyd" or "the Company") today announced the results for the three and twelve-month periods ended December 31, 2024. The Boyd Group's fourth quarter 2024 financial statements and MD&A have been filed on SEDAR+ (www.sedarplus.ca). This news release is not in any way a substitute for reading Boyd's financial statements, including notes to the financial statements, and Boyd's Management's Discussion & Analysis.","length":565,"tagName":"p"},{"type":"text","content":"2024 Results and Highlights:","length":28,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Sales increased by 4.2% to $3.1 billion from $2.9 billion in the same period of 2023, including incremental sales from 155 new locations of $187.2 million, partially offset by same-store sales[1] declines of 1.8%.  Fiscal 2024 recognized two additional selling and production days when compared to fiscal 2023, which increased selling and production capacity by 0.8% in 2024 when compared to 2023","length":401,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA1 decreased 9.1% to $334.8 million, compared with Adjusted EBITDA of $368.2 million in 2023","length":106,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted net earnings1 decreased 65.5% to $30.9 million, compared with $89.7 million in adjusted net earnings in 2023 and adjusted net earnings per share1 decreased 65.6% to $1.44, compared with $4.18 in 2023","length":208,"tagName":"p"}]},{"val":[{"type":"text","content":"Net earnings decreased 71.7% to $24.5 million, compared with $86.7 million in 2023 and net earnings per share decreased 71.7% to $1.14, compared with $4.04 in 2023","length":163,"tagName":"p"}]},{"val":[{"type":"text","content":"Debt, net of cash before lease liabilities increased from $399.2 million at December 31, 2023 to $487.3 million at December 31, 2024","length":132,"tagName":"p"}]},{"val":[{"type":"text","content":"Positive c...

More updates from Boyd Group Services Inc