Boyd Group Services, the North American collision repair operator listed in Toronto and New York, grew third-quarter sales by 28.2% to $1,012.7 million, passing $1 billion in a quarter even as the wider repair industry continued to shrink. Sales a year earlier were $790.2 million, and the company said new locations, market share gains and modest growth at existing shops drove the increase. The results were released on Wednesday 11 November for the quarter ended 30 September 2026. ## Growth bought, not just earned New locations contributed $206.0 million of the quarter's revenue, and Boyd ended September with 1,329 collision repair centres, up from 1,014 a year earlier, after adding Joe Hudson's Collision Center. Same-store sales rose 2.2%, showing existing shops also grew, despite the company estimating that industry repairable claims fell by about 1% to 3% year on year. ## Earnings rise, but profit nearly vanishes Adjusted EBITDA increased 34.3% to $132.1 million, with the margin widening to 13.0% from 12.4%, helped by $50 million of savings so far this year from its Project 360 programme and acquisition synergies. Gross profit rose 29.4% to $473.4 million. Yet reported net earnings collapsed to just $81,000, against $10.8 million a year earlier, and adjusted earnings of $0.68 a share came in below the $0.85 analysts had expected, with revenue also slightly short of a $1.02 billion consensus. ## What comes next Boyd said it remains on track for $65 million of full-year Project 360 and synergy savings, declared a third-quarter dividend and announced a share buyback programme. It expects to open 11 start-up collision repair locations in the fourth quarter. Sources: [Morningstar / PR Newswire](https://www.morningstar.com/news/pr-newswire/20261111to94143/boyd-group-services-inc-reports-third-quarter-2026-results) and [BodyShop Business](https://www.bodyshopbusiness.com/boyd-group-reports-28-revenue-growth-despite-continued-decline-in-collision-claims/).