Boyd Group Services Inc. (BYDGF), an operator of non-franchised collision repair centers, on Wednesday announced loss for the first quarter, compared to profit last year.
For the first quarter, the company reported net loss of $2.64 million compared with profit of 8.38 million in the prior year.
Loss per share was $0.12 compared with earnings per share of $0.39 in the prior year.
Adjusted net earnings were $2.17 million, while it was $9.44 million in the previous year.
Adjusted earnings per share were $0.10 versus 0.44 last year.
Ten analysts, on average, had expected the company to report $0.14 per share. Analysts' estimates typically exclude special items.
Adjusted EBITDA decreased 1.4% to $80.55 million from $81.70 million in the prior year.
Sales declined 1% to $778.32 million from $786.55 million last year.
The company said it is progressing toward its five-year goal announced earlier this year to grow revenue to $5 billion and double Adjusted EBITDA to $700 million by 2029.
In the pre-market trading, Boyd is 2.35% lesser at $207.54 on the Toronto Stock Exchange.
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