More good news....
Boyd's Earnings Per Share Up 121% Year-to-Date and 350% for the Second Quarter
WINNIPEG, Aug. 16 /CNW/ - The Boyd Group Inc. (''Boyd''), operating principally as Boyd Autobody & Glass, announced today that its interim report to shareholders for the six months and quarter ended June 30, 2000 reflects strong net earnings of $1,387,666, an increase of 97% over last year. Earnings per share rose to $0.093 for the six month period, an increase of 121% over last year, while earnings per share for the quarter increased 350% to $0.042 over the same quarter last year.
The results continue to reflect the impact of the Company's acquisition based growth strategy, as well as same store sales growth. The Company's annualized sales are now estimated at $103 million.
"We continue to be on track towards achieving our 2000 goals, which include nearly doubling revenues, improving earnings and achieving significant earnings per share growth," said Terry Smith, Boyd's President and CEO.
The Boyd Group Inc. now operates 54 company owned locations with annualized sales of approximately $103 million. It is the largest operator of collision repair shops in Canada and is among the largest in North America. In addition to its company owned locations, Boyd also has eight third party owned licensed locations operating under its tradenames. Boyd continues to successfully carry out its proven strategy of acquiring additional company owned locations as part of its plan to be a leader in the consolidation of the highly fragmented North American collision repair industry, recently estimated to be approximately $40 billion (Cdn.) in annual revenue. |
