The Boyd Group is “continuing to outperform the industry” with its same-store sales revenue, according to its recent financial report. The company lists about $1.5 billion in total revenue for the first half of 2025.
Winnipeg, Canada-based Boyd Group operates several glass replacement brands in the U.S. and Canada, including Gerber Collision & Glass, Glass America, Auto Glass Authority, AutoGlassOnly.com, and Boyd Autobody & Glass. The group also operates several collision-only brands.
On August 13, Boyd released its 2025 interim financial report, breaking down financial information from the first half of the year and the second quarter.
Financial Overview
According to the report, its same-store sales declined just over 2% year-over-year in the second quarter of 2025. Boyd made $0.75 billion in the second quarter of 2025 and $0.77 billion in the same quarter of 2024.
The report says that “while industry headwinds continued to impact same-store sales … Boyd continued to outperform the industry.” Boyd estimates the rest of the industry fell 6-8% in the second quarter, according to claims processing platform data.
Boyd earned approximately $1.5 billion in sales revenue during the first half of 2025, according to the report. The U.S. contributed $1.4 billion, while Canada contributed $0.1 billion.
The group’s adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) was almost $0.2 billion for the first half of 2025, slightly up from last year’s period. Its adjusted net earnings were nearly $13 million in the first half of 2025, down from $21 million during the first half of 2024.
Other Things to Note
Boyd added 17 new locations – starting 10 and acquiring seven – during the first six months of 2025. Two of the seven acquisitions are a single-location glass shop in Pennsylvania and one in California.
As of early August 2025, the report says Boyd has 1,003 locations in the U.S. and Canada. Gerber Collision & Glass comprises 875 of those.
The report says Boyd’s gross profit was 46.5% of sales for the first quarter of 2025, up $16.7 million from last year. It attributes this growth to “incremental sales from location growth and the internalization of scanning and calibration.” It says “to date, the Company has not experienced any material impact in the period as a result of tariffs.”
Company Outlook
“Boyd has recently seen positive developments in several factors that contributed to the industry headwinds,” the report says.
These developments include a positive year-over-year growth in used car prices and “moderating growth rates” in insurance premiums.
“While the company expects it will take time for repairable claim volumes to normalize, Boyd has been actively positioning the company to come out of this downturn in a strong operational and competitive position.”
The company also reports about $0.5 billion in long-term debt, up about $13 million from the second half of last year.
