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Tuesday, 18 May 2021 19:02

Boyd Group Has Slower Start to 2021

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A major player in the North American auto glass replacement and collision market saw a nearly 10% decline in sales through the first part of 2021.

Company officials attribute the slump to lingering effects of the COVID-19 pandemic. The Boyd Group, parent company of several major retail auto glass and collision chains in the U.S. and Canada, recorded $421.6 million in total sales in the first quarter of 2021. This was down by 9.9% compared to the same period in 2020.

 

The company’s U.S. operations, which make up more than 90% of its sales and include Gerber Collision and Glass, Glass America, Auto Glass Service, Auto Glass Authority and Autoglassonly.com, saw a 6.5% decline in revenues.

 

Boyd Group operates third-party administrator Gerber National Claims Services. Gerber Collision and Glass also recently acquired a new facility that was previously used as a collision repair center in Buford, GA, officials tell glassBYTEs.

 

Boyd Group’s Canadian businesses, which include Boyd Autobody and Glass, were hit much harder, with a 34% dip in revenues.

 

“Following steady improvement in demand in the last half of 2020, the improvement trend flattened out during the first quarter of 2021 with a significant surge in COVID-19 infections and reinstatement of restrictions in many markets, particularly Canada, where same-store sales declines were more significant in the first quarter of 2021 when compared to the fourth quarter of 2020,” Boyd Group President and CEO Timothy O’Day said in a letter to shareholders.

 

“Compounding the demand challenges of COVID-19, production challenges, including...


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