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slingblade

Nov 11, 2015 - 4:26PM

strong sales with only a slight loss

Boyd Group: Strong Glass Sales Continued into Q3
November 11, 2015 by Jenna Reed
jreed@glass.com
Brock Bulbuck

Brock Bulbuck

“While glass sales are traditionally strongest in the second quarter of the year, we continued to see strong glass same-store sales growth in the third quarter,” said Brock Bulbuck, president and CEO of Boyd Group Income Fund, in a letter to shareholders.

Overall sales for the quarter increased by 38.1 percent to $223 million USD ($301.1 million CAD) from $164.44 million USD ($218.1 million CAD) in 2014 for Boyd Group, parent company to Gerber Collision & Glass, Glass America and others. This figure included a same-store sales increase of 7.3 percent.

The company posted a net loss of $14.7 million USD ($19.5 million CAD) for the quarter due to “fair value adjustments to financial instruments primarily as a result of the significant unit price increase in the quarter, as well as acquisition and transaction costs, along with accelerated amortization of acquired brands,” according to the report.

glassman

Nov 12, 2015 - 7:27PM

Re: strong sales with only a slight loss

Must be nice to lose that much and still feel good about it.

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