The earnings call presented a mixed outlook for Bird Construction. While the company highlighted record backlog levels, strategic acquisitions, and recognition for its achievements, it also faced challenges such as decreased earnings, margin pressure, and concerns about a client's creditworthiness. The outlook remains cautiously optimistic, with expectations for improvement as delayed projects commence in 2026 and beyond.

Company Guidance

During the Bird Construction third quarter 2025 earnings call, CEO Teri McKibbon highlighted several key metrics and forward-looking insights. Revenue for the quarter reached $951 million, marking a 5.8% increase from the previous year, with over 60% of this growth being organic. The company's gross profit percentage stood at 10.7%, while the adjusted EBITDA margin was 7%. Bird reported a record combined backlog exceeding $10 billion, providing significant visibility into future revenue streams for 2026 and 2027. Year-to-date securements surpassed $3.8 billion, outstripping both full-year 2024 securements and revenue. Despite a slight decrease in quarterly margins compared to the previous year, Bird remains confident in its trajectory towards achieving an 8% adjusted EBITDA margin by 2027, backed by strong demand across key sectors and the federal government's emphasis on infrastructure investment.

Record Backlog and Strategic Positioning

Bird Construction reported a record combined backlog exceeding $10 billion, providing strong visibility into future work. The backlog is diversified with a high proportion of collaborative contracts, supporting long-term growth and margin expansion.

Recognition and Achievements

Bird Construction was recognized by the Toronto Stock Exchange, ranking 17 on the 2025 TSX 30, highlighting the company's successful strategic focus and execution.

Revenue Growth

Revenue for the third quarter was $951 million, a 5.8% increase from the previous year, with over 60% of the growth being organic.

Strategic Acquisitions

The acquisition of FRPD expanded Bird's capabilities in marine construction, dredging, and land foundation, creating new cross-selling opportunities.

Bird Construction (TSE:BDT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TSE:BDT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 10, 2026	2025 (Q4)	0.64 / -	0.67	―	―	―
Nov 12, 2025	2025 (Q3)	0.59 / 0.64	0.69	-7.25% (-0.05)	―	―
Aug 13, 2025	2025 (Q2)	0.51 / 0.50	0.42	19.05% (+0.08)	―	―
May 14, 2025	2025 (Q1)	0.19 / 0.23	0.2	15.00% (+0.03)	―	―
Mar 12, 2025	2024 (Q4)	0.68 / 0.67	0.45	48.89% (+0.22)	―	―
Nov 05, 2024	2024 (Q3)	0.69 / 0.69	0.54	27.78% (+0.15)	―	―
Aug 07, 2024	2024 (Q2)	0.38 / 0.42	0.29	44.83% (+0.13)	―	―
May 14, 2024	2024 (Q1)	0.17 / 0.20	0.1	100.00% (+0.10)	―	―
Mar 05, 2024	2023 (Q4)	0.40 / 0.45	0.28	60.71% (+0.17)	―	―
Nov 07, 2023	2023 (Q3)	0.42 / 0.54	0.27	100.00% (+0.27)	―	―

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

TSE:BDT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 12, 2025	C$27.73	―	―
Aug 13, 2025	C$29.85	C$25.24	-15.44%
May 14, 2025	C$25.59	C$24.64	-3.71%
Mar 12, 2025	C$20.66	C$19.99	-3.24%

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.

FAQ

When does Bird Construction (TSE:BDT) report earnings?

Bird Construction (TSE:BDT) is schdueled to report earning on Mar 10, 2026, After Close (Confirmed).

What is Bird Construction (TSE:BDT) earnings time?

Bird Construction (TSE:BDT) earnings time is at Mar 10, 2026, After Close (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 (Q4) is 0.64.

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