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You are here: Home / News / Boyd Group Reports 8.2 percent Increase in Revenue for First Quarter

Boyd Group Reports 8.2 percent Increase in Revenue for First Quarter

May 12, 2017 By CollisionWeek Editor

Same store sales up 1.2 percent, impacted by mild winter weather and currency conversion.

The Boyd Group Income Fund (TSE:BYD.UN) today reported its financial results for the three-month period ended March 31.

Boyd GroupAccording to the multiple collision repair shop operator, sales increased by 8.2 percent to CA$378.9 million ($277.2 million) from CA$350.4 million ($256.3 million) in 2016, including same-store sales increases of 1.2 percent. Currency exchange rates negatively impacted sales by CA$12.0 million ($8.8 million).

Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) increased 11.2 percent to CA$32.8 million ($24 million), compared with CA$29.5 million ($21.6 million) in 2016.

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Filed Under: News Tagged With: Boyd Group, Earnings

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