Bird Construction Inc. (OTC:BIRDF)

Bird Construction Inc. (TSX:BDT) (OTC:BIRDF) (C$27.73; C$1.5B market cap) announced Q3 2025 results:

• Q3 2025 sales of C$951.4 million vs. C$898.9 million in the prior year, ahead of analyst estimates of C$948.6 million
• Q3 2025 adjusted EPS: C$0.64 vs. C$0.72 in the prior year, ahead of analyst estimates of C$0.54
• Q3 backlog reached a record C$5.0 billion, with over C$1.3 billion in new securements.
• Pending backlog also exceeded C$5.0 billion, including C$700 million of recurring revenue expected over five years.
• Operating cash flow (before non-cash working capital changes) in Q3 was C$69.8 million.
• Liquidity at September 30, 2025: C$113.9 million in cash and C$281.7 million in available credit.
• Acquired Fraser River Pile & Dredge for ~C$82.3 million (deal closed October 10, 2025).
• Selected as Preferred Proponent for Peel Memorial Hospital Phase 2 Redevelopment in Ontario.
• Management disclosed potential credit concerns regarding a customer with C$32.8M in receivables and C$29.4M in contract assets; discussions ongoing and potential impairment may occur in Q4 2025.
• Declared monthly eligible dividends of C$0.07 per common share for November 2025 through February 2026

Management Commentary:

"Sustained demand in Bird’s key strategic sectors, along with the Company’s proven track record in delivering complex institutional, industrial and infrastructure projects, helped drive Bird’s combined Backlog and Pending Backlog to over $10.0 billion at September 30, 2025… Bird’s extensive self-perform capabilities, bolstered by strategic acquisitions such as the recently completed acquisition of Fraser River Pile & Dredge, have positioned the Company to pursue and win work related to nation-building infrastructure initiatives, as well as planned investments in defence, healthcare, nuclear and data centres," stated Teri McKibbon, President and CEO of Bird Construction.

Bird Construction Inc operates as a general contractor in the Canadian construction market. The company focuses primarily on projects in the industrial, commercial and institutional sectors of the general contracting industry.

Bird Construction Inc. (TSX: BDT.TO) (OOTC:BIRDF) ($25.86; $1.43B market cap) announced new contract awards totaling over $525 million across its buildings and infrastructure businesses:

"These recent awards in our buildings and infrastructure businesses reflect the sustained demand we’re seeing across our key strategic markets, despite the current economic uncertainty," said Teri McKibbon, President and CEO of Bird. "Furthermore, they reflect the confidence our clients continue to place in Bird as an established and trusted delivery partner, valuing our deep sector experience and collaborative approach to project execution."

Key highlights:

• Awarded three new projects with a combined value exceeding $525 million.
• Selected to deliver the Transportation Safety and Technology Science (TSTS) Hub in Ottawa, a 120,000 sq. ft. federal science facility consolidating five labs into a modern shared space.
• Awarded the Beverly Heights Seniors Housing project in Edmonton, supporting Bird's growth in long-term care infrastructure.
• Part of a joint venture to upgrade mining infrastructure over a 4-year program, reinforcing its capabilities in the mining sector

Recall, just yesterday, BIRDF was one of the companies added to our new data center screen which you can see here. 

Bird Construction Inc. operates as a general contractor in the Canadian construction market. The company focuses primarily on projects in the industrial, commercial and institutional sectors of the general contracting industry.

Bird Construction Inc. (OOTC:BIRDF) (TSX:BDT) ($20.45; $1.13B market cap) has announced over $650 million in new project awards across its infrastructure, industrial, and buildings segments.

“These new project awards underscore the continued demand in our infrastructure, industrial and buildings businesses in economically resilient sectors, and highlight our consistent presence in defence, chemicals, long-term care, clean power generation, energy and mining,” said Teri McKibbon, President and CEO of Bird. “Notably, the majority of these projects are with long-standing clients, an endorsement of the strong relationships we've forged through our consistent performance and collaboration.”

Bird Construction Inc operates as a general contractor in the Canadian construction market. The company focuses primarily on projects in the industrial, commercial and institutional sectors of the general contracting industry.

Bird Construction Inc. (OOTC:BIRDF) (TSX:BDT) ($14.82; $820.7M market cap) announced Q4 2024 results: (financials in CAD)

• Sales of $936.7 million vs $792.1 million in the prior year; $1 million below analyst estimates of $938.2 million 
• Non-GAAP EPS of $0.67 vs $0.46 in the prior year; $0.01 below analyst estimates of $0.68
• Full year sales of $3.4 billion vs $2.8 billion in the prior year
• Full year non-GAAP EPS of $2.04 vs $1.44 in the prior year

“Bird’s exceptional revenue and profitability growth in 2024, delivering almost $600 million of additional revenue while increasing our Adjusted EBITDA Margin by 1.3% to 6.3%, is the direct result of strategic changes we’ve made over the past several years to diversify our business, expand our capabilities and geographical reach, and risk-balance our work program with more collaborative contracting structures. These changes have created an economically resilient foundation that is prepared to achieve the Company's 2025-2027 growth and profitability targets," stated Teri McKibbon, President and CEO of Bird Construction. "Bird's focus on key Canadian market sectors, our dedicated and experienced One Bird team, and our collaborative client approach position the Company well to manage potential impacts from near-term economic and geopolitical uncertainty, and to continue to deliver long-term shareholder value."

Bird Construction Inc operates as a general contractor in the Canadian construction market. The company focuses primarily on projects in the industrial, commercial and institutional sectors of the general contracting industry.

Bird Construction Inc. (OOTC:BIRDF) (TSX:BDT) ($14.80; $819.6B market cap) announced it has won $470 million of project awards. 

“Bird continues to win work across our industrial, buildings and infrastructure businesses in key strategic market sectors that remain economically resilient, building on the Company’s strong client relationships and forging new ones,” stated Teri McKibbon, President & CEO of Bird. “These awards highlight the scope of Bird’s capabilities, adding to the Company’s combined backlog of nuclear, healthcare, horizontal infrastructure and industrial maintenance work, while expanding Bird’s expertise in collaborative contracts.”

Bird Construction Inc operates as a general contractor in the Canadian construction market. The company focuses primarily on projects in the industrial, commercial and institutional sectors of the general contracting industry.