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Bird Construction (TSE:BDT)
TSX:BDT
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.2Last Year’s EPS
0.2Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 12, 2025
|% Change Since: -8.50%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong financial performance with significant revenue growth, improved margins, and successful strategic acquisitions. The company's robust backlog and focus on strategic sectors provide a positive outlook. However, there are challenges related to permitting delays and trade uncertainties. Overall, the positive aspects significantly outweigh the challenges.Company Guidance
In the recent Bird Construction conference call, the company provided robust guidance for the coming years, highlighting several key metrics. For 2024, Bird reported a revenue increase of nearly $600 million, reaching $3.4 billion, with EBITDA margins improving by 1.3% to 6.3%. Moving into 2025, Bird expects significant conversions of pending backlog to backlog, particularly in the first half, with $7.6 billion in combined backlog currently diversified and risk-balanced. The company targets organic revenue growth of 10% plus or minus 2% annually through 2027, with specific aims for an 8% EBITDA margin by 2027. They also anticipate additional growth from the full-year inclusion of Jacob Brothers. Bird is committed to returning 33% of income to shareholders through dividends while retaining funds to support organic growth and strategic M&A. The company's strategic focus includes sectors such as defense, transportation infrastructure, and power generation, with plans to leverage their operational excellence and strong balance sheet for continued growth.Significant Revenue Growth
Bird Construction's revenue grew by almost $600 million to $3.4 billion for the full year 2024, an increase of 21% compared to 2023.
Improved Profit Margins
EBITDA margins improved by 1.3% to 6.3%. Adjusted EBITDA grew by 53% to $213 million.
Strong Backlog and Pipeline
Bird's combined backlog is $7.6 billion, with $3.7 billion contracted and $3.9 billion pending. The backlog is diversified and risk-balanced.
Successful Acquisitions
Acquisitions of Dagmar, Trinity, NorCan, and Jacob Brothers have expanded Bird's capabilities and national presence.
Focus on Strategic Sectors
Bird targets sectors with long-term demand, including nuclear, civil infrastructure, industrial maintenance, and transportation.
Strong Free Cash Flow and Liquidity
Free cash flow generation increased by 80%, with a conversion of net income over 80% and free cash flow per share at $1.48.
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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 |
|---|---|---|---|
| Mar 12, 2025 | C$21.05 | C$20.36 | -3.28% |
| Nov 05, 2024 | C$30.65 | C$27.96 | -8.78% |
| Aug 07, 2024 | C$22.01 | C$23.12 | +5.04% |
| May 14, 2024 | C$19.85 | C$21.94 | +10.53% |
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 May 13, 2025, TBA Not Confirmed.
What is Bird Construction (TSE:BDT) earnings time?
Bird Construction (TSE:BDT) earnings time is at May 13, 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 2025 (Q1) is 0.2.
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