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Bird Construction (TSE:BDT)
TSX:BDT
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Earnings Data
Report Date
Mar 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.68Last Year’s EPS
0.45Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: -26.64%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a strong performance by Bird Construction with significant revenue growth, record backlog, and improved margins. However, there were challenges with project delays and increased expenses. The positive highlights outweigh the lowlights, indicating a strong strategic position and positive outlook for future growth.Company Guidance
During the Bird Construction Q3 2024 earnings call, Terrance McKibbon, the President and CEO, highlighted key financial metrics and strategic achievements. The company reported a 15% year-over-year increase in revenue, reaching $898.9 million for the quarter, with a significant portion of this growth being organic. Bird's adjusted EBITDA margin improved to 7.8%, up 1.5 percentage points from the previous year, resulting in a 42% increase in adjusted EBITDA. The company's backlog reached a record $7.9 billion by September 30, 2024, with $3.8 billion of that being contracted work. Notably, Bird's acquisition of Jacob Bros contributed approximately $360 million to this backlog. For the full year, Bird anticipates revenues of around $3.4 billion with an adjusted EBITDA margin exceeding 6%. McKibbon emphasized Bird's strategic focus on high-margin sectors, disciplined project selection, and operational excellence, which is expected to drive continued revenue growth and margin improvement into 2025 and beyond.Strong Revenue Growth
Bird Construction reported a 15% revenue growth year-over-year for Q3 2024, reaching $898.9 million. Year-to-date revenues increased by 23% compared to 2023.
Record Backlog
The company's combined backlog grew to a record $7.9 billion as of September 30, 2024, with contracted work backlog standing at $3.8 billion.
EBITDA and Margin Improvements
Adjusted EBITDA increased by 42% year-over-year to $70.1 million with EBITDA margins improving by 1.5% to 7.8%.
Strategic Acquisitions and Growth
The acquisition of Jacob Bros added $360 million to the backlog, contributing to Bird's strategic growth and diversification.
TSX30 Recognition
Bird was recognized as a 2024 TSX30 winner, highlighting its strong performance on the Toronto Stock Exchange.
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TSE:BDT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:BDT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | C$30.93 | C$28.22 | -8.76% |
| Aug 07, 2024 | C$22.21 | C$23.34 | +5.09% |
| May 14, 2024 | C$20.04 | C$22.15 | +10.53% |
| Mar 05, 2024 | C$17.14 | C$18.49 | +7.88% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Bird Construction (TSE:BDT) report earnings?
Bird Construction (TSE:BDT) is schdueled to report earning on Mar 11, 2025, TBA Not Confirmed.
What is Bird Construction (TSE:BDT) earnings time?
Bird Construction (TSE:BDT) earnings time is at Mar 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:BDT EPS forecast?
TSE:BDT EPS forecast for the fiscal quarter 2024 (Q4) is 0.68.
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