By Adriano Marchese

Boyd Group Services Inc. on Wednesday reported a significant drop in profit in the third quarter, and said labor availability and supply-chain issues continue to weigh on the company's performance in the fourth quarter as well.

The Canadian provider of auto body and auto glass repair services said earnings per share were two cents, down from 74 cents in the comparable quarter a year ago.

Net income was $434,000, compared with $15.9 million a year ago.

On an adjusted basis, earnings before interest, taxes, depreciation and amortization fell to $51.5 million from $63.5 million.

Sales rose to $490.2 million from $381.7 million.

The company said it continues to be weighed by labor availability and parts supply-chain issues which driven up costs and prices, and have reduced margin in the period as a result.

"Thus far, in the fourth quarter of 2021, we have continued to experience a tight labor market and resulting wage pressure as well as supply chain disruption," President and Chief Executive Timothy O'Day said.

Write to Adriano Marchese at adriano.marchese@wsj.com