Bird Construction Inc. (OTC:BIRDF)

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.