Bird Construction Inc

BDT

Equity

ISIN null / Valor 12223046

Toronto Stock Exchange (2025-11-21)

CAD 25.04-0.91%

Bird Construction Inc
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About company

Bird Construction Inc. is a prominent Canadian construction company with a history dating back to 1920. The company has established itself as a key player in the construction industry, offering a wide range of services across various sectors. Bird Construction specializes in commercial, institutional, retail, multi-tenant residential, industrial, mining, water and wastewater, energy, renewables, nuclear, and civil infrastructure projects. The company has expanded its capabilities through a merger with Stuart Olson, enhancing its service offerings and market reach. Bird Construction is known for its technical expertise and ability to manage complex projects, providing services such as pre-construction, design-build, construction management, and general contracting. With a focus on growth, diversification, and profitability, Bird Construction leverages its skilled workforce to deliver projects that meet the needs of both new and repeat clients, maintaining a strong reputation in the Canadian construction market.

Summarized from source with an LLMView SourceSector: Industrials

Revenue Performance

Construction revenue for Q2 2025 was $850.8 million, a 2.6% decrease year-over-year from $873.5 million in Q2 2024. This decline was primarily due to temporary project delays as clients adapted to changing market conditions.

Enhanced Margin Profiles

Bird Construction Inc improved its Gross Profit Percentage to 10.6% and Adjusted EBITDA Margin to 6.5% in Q2 2025, up from 8.6% and 5.3% respectively in Q2 2024, reflecting strong margin accretion.

Record Backlog Growth

The company's backlog reached a record $4.6 billion by the end of Q2 2025, bolstered by nearly $1.2 billion in additional work secured during the quarter. This includes new awards and conversions of pending backlog, providing significant growth visibility.

Net Income and Earnings

Net income for Q2 2025 was $20.3 million, slightly down from $21.4 million in Q2 2024. However, Adjusted Earnings increased by 18% to $27.6 million, and Adjusted Earnings Per Share rose to $0.50 from $0.43 year-over-year.

Strong Cash Flow and Liquidity

Operational cash flow before changes in non-cash working capital was $54.5 million in Q2 2025, marking a 14.8% increase compared to the same quarter last year. The company's liquidity position remains strong with $142.6 million in cash and cash equivalents and an additional $231.7 million available under the Syndicated Credit Facility.

New Contract Awards

During Q2 2025, Bird Construction Inc was awarded multiple projects totaling over $1.175 billion across its infrastructure, industrial, and buildings sectors, including significant contracts with Defence Construction Canada and Ontario Power Generation, further strengthening its market position.

Summarized from source with an LLMView Source

Key figures

-16.5%1Y

250%3Y

264%5Y

Performance

42.5%1Y

36.4%3Y

33.5%5Y

Volatility