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Boyd Group Services Inc. Reports Third Quarter 2021 Results / NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES / - Strong and growing demand with results constrained by staffing shortages , wage pressure and supply disruptions - WINNIPEG , MB , Nov. 10 , 2021 / CNW / - Boyd Group Services Inc. ( TSX : BYD ) ( " the Boyd Group " , " Boyd " or " the Company " ) today announced the results for the three and nine month periods ended September 30 , 2021. The Boyd Group's third quarter 2021 financial statements and MD & A have been filed on SEDAR ( www.sedar.com ) . This news release is not in any way a substitute for reading Boyd's financial statements , including notes to the financial statements , and Boyd's Management's Discussion & Analysis . BOND GROEP SERVICES INC . Boyd Results and Highlights for the Third Quarter Ended September 30 , 2021 : • Sales increased by 28.4 % to $ 490.2 million from $ 381.7 million in the same period of 2020 , including same - store sales increases of 10.7 % , recognizing the same number of selling and production days in the U.S. and Canada in the third quarter of 2021 when compared to the same period of 2020. Same - store sales increases in Canada were much lower than same - store sales increases in the U.S. • Gross Profit increased by 19.6 % to $ 215.7 million or 44.0 % of sales from $ 180.3 million or 47.2 % of sales in the same period in 2020 , including the recognition of the Canada Emergency Wage Subsidy ( " CEWS " ) of approximately $ 0.2 million , as compared to $ 2.9 million in the same period of the prior year • Adjusted EBITDA¹ decreased 18.9 % to $ 51.5 million , or 10.5 % of sales , including , $ 0.5 million of CEWS , compared with Adjusted EBITDA of $ 63.5 million , or 16.6 % of sales in the same period of 2020 , which included $ 7.5 million of CEWS • Adjusted net earnings 1 decreased to $ 2.4 million , compared with $ 16.4 million in the same period of 2020 and adjusted net earnings per share 1 decreased to $ 0.11 , compared with $ 0.76 in the same period of 2020 • Net earnings decreased to $ 0.4 million , compared with $ 15.9 million in the same period of 2020 and net earnings per share decreased to $ 0.02 , compared with $ 0.74 in the same period of 2020 • Net debt of $ 896.9 million , with no significant maturities until March 2025 • Declared third quarter dividend in the amount of C $ 0.141 per share • Added 52 locations , including 48 through acquisition , two intake centers and two start - up locations . Included in the locations added is the acquisition of 35 locations previously operating as Collision Works in Oklahoma , Kansas and Missouri . Subsequent to Quarter End