Boyd Group Services Inc. achieved a 29.9% increase in sales, netting more than $1 billion in revenue for the first time in the MSO's history during Q2 2026, according to its quarterly report. 

The increase was driven by driven by $211.3 million from 340 new locations that were not in operation for the full comparative quarter, including the finished conversion of shops from the acquisition of Joe Hudson's Collision Centers ahead of expectations. Boyd also added 10 new locations during the quarter, including four single shop acquisitions and six new start-up locations. 

"We also successfully completed the conversion of Joe Hudson's 258 locations during the quarter, accelerating synergy realization, which contributed to the strength in our profitability," said CEO and President Brian Kaner. "Combined with our strong balance sheet, these achievements position us well to continue executing our growth strategy, enhancing profitability and creating long-term value for our shareholders." 

Due to being ahead of schedule, Boyd now expects $35 million in Joe Hudson's synergies in 2026, up from the previous $20 million target. Total cost savings expected in 2026 have increased to $65 million from $50 million, with the remaining $35 million expected to be realized ratably from 2027 to 2029. 

Gross profit increased by 31.4% to $480.0 million as gross margins expanded to 47.4% from 46.8% in the second quarter of 2025. Gross margins benefited from increased paint and parts margins, driven by Joe Hudson's synergy realization and Project 360, as well as higher sublet, scanning, and calibration margins. These gains were partially offset by lower labor margins and variability in performance-based pricing. 

Net earnings were down compared to the same period of the prior year due to higher depreciation and amortization costs from new location growth, as well as higher finance costs related to the Joe Hudson's acquisition.   

The company estimated that repairable-claims volumes were flat to down 2% year-over-year. Boyd said this represents a meaningful improvement from the declines experienced during the same period in 2025, and consistent with its long-term planning assumptions.   

Read its full Q2 2026 results and analysis here.