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Earnings Call Summary | BOYD GROUP SERVICES INC(BYDGF.US) Q1 2024 Earnings Conference

Earnings Call Summary | BOYD GROUP SERVICES INC(BYDGF.US) Q1 2024 Earnings Conference

業績電話會議摘要 | BOYD 集團服務公司 (BYDGF.US) 2024 年第一季度業績發佈會
moomoo AI ·  05/15 17:40  · 電話會議

The following is a summary of the Boyd Group Services Inc. (BYDGF) Q1 2024 Earnings Call Transcript:

以下是博伊德集團服務公司(BYDGF)2024年第一季度業績電話會議記錄摘要:

Financial Performance:

財務業績:

  • Boyd Group reported Q1 sales up by 10% to $786.5 million due to contributions from new locations.

  • Operating expenses increased to $270.9 million or 34.4% of sales.

  • The adjusted EBITDA decreased by 3.5% to $81.7 million.

  • Net earnings for the first quarter of 2024 were significantly down compared to 2023, at $8.4 million.

  • The Group's total debt increased to $1.2 billion, driven by acquisitions and capital expenditures.

  • 博伊德集團報告稱,由於來自新地點的捐款,第一季度銷售額增長了10%,達到7.865億美元。

  • 運營費用增加到2.709億美元,佔銷售額的34.4%。

  • 調整後的息稅折舊攤銷前利潤下降了3.5%,至8,170萬美元。

  • 與2023年相比,2024年第一季度的淨收益大幅下降,爲840萬美元。

  • 受收購和資本支出的推動,該集團的總債務增加到12億美元。

Business Progress:

業務進展:

  • The company is prepared to face soft market conditions impacting the demand for services into Q2.

  • Progress has been made in internalizing scanning and calibration services, which helps reduce costs and increase the scope of services.

  • The focus for continued growth will be on strategic acquisitions and organic growth within the highly fragmented North American collision repair industry.

  • The company's long-term growth plans include doubling the business size, driven by expected growth in same-store sales and new locations.

  • Boyd Group continues to invest in its Technician Development Program and its calibration business. The Group targets covering majority of its internal volume through calibration services in the next 2 to 3 years.

  • The company is making efforts to address lower contributions from new locations due to softened demand, with the intention to prudently manage their business if the soft demand persists.

  • Boyd Group has planned further expansion of its hub-and-spoke facilities which encompass calibration, glass and collision services under one roof for better capital returns.

  • 該公司準備在第二季度面對影響服務需求的疲軟市場狀況。

  • 在內部化掃描和校準服務方面取得了進展,這有助於降低成本和擴大服務範圍。

  • 持續增長的重點將放在高度分散的北美碰撞修復行業的戰略收購和有機增長上。

  • 該公司的長期增長計劃包括將業務規模擴大一倍,這得益於同店銷售額和新地點的預期增長。

  • 博伊德集團繼續投資其技術人員發展計劃和校準業務。該集團的目標是在未來2至3年內通過校準服務覆蓋其大部分內部容量。

  • 該公司正在努力解決因需求疲軟而導致新地點捐款減少的問題,目的是在需求持續疲軟的情況下謹慎管理其業務。

  • 博伊德集團計劃進一步擴建其輪輻式設施,其中包括校準、玻璃和碰撞服務,以提高資本回報。

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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