Brian Kaner, president and CEO of Boyd Group Services Inc., said during a recent investor call that he was “excited” about the company’s third-quarter financial results. The Boyd Group operates Glass America and a variety of other automotive related companies.
Boyd released its third-quarter financial report and held an investor call on Nov. 12. According to the report, Boyd saw almost $790 million in sales during the quarter, up 5% from the same period in 2024. Boyd’s total sales from the first three quarters of 2025 reached about $2.35 billion, up 1.3% from the first three quarters of 2024. It’s earnings before interest, taxes, depreciation and amortization (EBITDA) were about $98 million, an increase of 22.8% from the same quarter in 2024.
In addition to Glass America, Boyd operates Gerber Collision & Glass, Auto Glass Service, Auto Glass Authority and Autoglassonly.com in the United States and Boyd Autobody & Glass in Canada. The group’s third-quarter financial report did not provide financial results broken down by brand.
According to the report, the Boyd Group opened its thousandth location on Aug. 28. Approximately 89% of the group’s locations are Gerber Collision & Glass stores, the report says, so the group celebrated the milestone at the Gerber shop in Murfreesboro, Tennessee. Between January 2025 and the end of September, Boyd acquired a single-location glass shop in California and another in Pennsylvania.
Boyd is also working on 31 start-up locations across its brands, according to the report.
“This approach provides another option to grow in geographies that are new and growing and also allows Boyd to design and develop a facility that has a preferred footprint and flow,” the report says. “Being able to accommodate Boyd’s future needs in terms of glass and calibration services is another benefit.”
The report also listed more than $4 million in rent deposits and “an investment of $8 million to support the growth of the glass business” as one of its significant long-term assets.
Kaner did not directly talk about any of Boyd’s glass-based businesses on the investor call, but he did break down several trends affecting all of the group’s collision repair brands.
Though insurance premiums had been rising for several months, Kaner said they’re now on their way back down. This means consumers are more likely to be able to afford better coverage, he said, and better-insured customers could drive more financial growth for Boyd’s collision and glass brands in the fourth quarter and beyond.
Even though automotive part prices continue to rise due to tariffs and inflation, Kaner feels the impact on repair costs has been relatively mild.
“The increase in the average cost of repair is much lower [this quarter] than it has been historically,” he said.
One investor asked if the relatively late arrival of cooler weather would affect the group’s financial results heading into the third quarter.
“We had a pretty good snowstorm here in the Midwest over the past couple of days,” Kaner said, adding that since the weather now appeared to be behaving as expected, he wasn’t concerned.
