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Building Long-Term Shareholder Value

Bird (TSX:BDT) is a leading Canadian construction company operating from coast-to-coast and servicing all of Canada’s major markets. Bird provides a comprehensive range of construction services from new construction for industrial, commercial, and institutional markets; to industrial maintenance, repair and operations services, heavy civil construction, and mine support services; as well as vertical infrastructure including, electrical, mechanical, and specialty trades. For over 100 years, Bird has been a people-focused company with an unwavering commitment to safety and a high level of service that provides long-term value for all stakeholders.

 

Financial Highlights

$2.4B


Revenue
Q1 2023 TTM

 

$2.7B


Backlog[1]
Mar. 31, 2023

$5.1M


Net Income
Q1 2023


$16.1M


Adj. EBITDA[2]
Q1 2023

$5.3M


Adj. Earnings[2]
Q1 2023


$536.5M


Revenue
Q1 2023


 


$3.0B


Pending Backlog[1] 
Mar. 31, 2023

 

$0.10


EPS
Q1 2023


 


3.0%


Adj. EBITDA Margin[2]
Q1 2023

 

$0.10


Adj. EPS[2]
Q1 2023


 



Latest Press Releases

February 08, 2021

Bird Construction Inc. Announces its Wholly Owned Subsidiary, Stuart Olson Industrial Projects Inc. has been Awarded a Five-Year MRO Contract for Bundled Industrial Services Valued in Excess of $550 Million

COMPANY: BIRD CONSTRUCTION INC.
LISTING: TORONTO STOCK EXCHANGE
SYMBOL: BDT
DATE: FEBRUARY 8, 2021
SUBJECT: BIRD CONSTRUCTION INC. ANNOUNCES ITS WHOLLY OWNED SUBSIDIARY, STUART OLSON INDUSTRIAL PROJECTS INC. HAS BEEN AWARDED A FIVE-YEAR MRO CONTRACT FOR BUNDLED INDUSTRIAL SERVICES VALUED IN EXCESS OF $550 MILLION

Bird Construction Inc. (TSX: BDT) announced today that its wholly owned subsidiary, Stuart Olson Industrial Projects Inc., has been awarded a five-year contract valued in excess of $550 million to provide maintenance, repair and operations (MRO) services for a longstanding industrial customer in Alberta.

Under the terms of the multi-site, multi-use agreement, the Industrial Maintenance team will deliver a multi-disciplined offering for maintenance services, turnarounds and sustaining capital construction projects, drawing on the full suite of services of both Stuart Olson and Bird. Estimated 2021 revenues will be recorded into Backlog in the first quarter of 2021; the remaining value of the contract will be recorded in Pending Backlog.

“Our Industrial Maintenance team has maintained a best-in-class service offering in addition to a focus on an unparalleled client-first relationship. I am proud to see their hard work recognized through the renewal of this significant contract for an additional five years,” said Mr. Teri McKibbon, President and CEO of Bird. “One of the key pillars of our company’s growth strategy is to continue to increase our recurring revenue streams as they reduce seasonality and provide good visibility over time. The announcement today further validates our Stuart Olson acquisition and exemplifies our strategic focus and commitment to deliver sustainable, profitable growth and build long-term shareholder value.”

Non-GAAP Measure
“Pending Backlog” has no standardized meaning under IFRS and is considered a non-GAAP measure. Therefore, this measure may not be comparable with similar measures presented by other companies. Pending Backlog is the total potential revenue of awarded but not contracted projects including where the Company has been named preferred proponent, where a contract has not been executed and where the letter of intent or agreement received are non-binding. It may also include amounts for agency relationship construction management projects, pre-construction activities and estimated future work orders to be performed as part of master service agreements. Management does not provide any assurance that a contract will be finalized, or revenue recognized in the future. Pending Backlog cannot be reconciled to any IFRS measure. Further details on non-GAAP measures are included in the Company’s Management’s Discussion and Analysis and available through the System for Electronic Document Analysis and Retrieval at www.sedar.com.

This press release contains forward-looking information (as defined in applicable Canadian securities legislation) that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance, or achievements to materially differ from those expressed or implied by the forward-looking information.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

For further information contact:
T.L. McKibbon, President & CEO or
W.R. Gingrich, CFO
Bird Construction Inc.
5700 Explorer Drive, Suite 400
Mississauga, ON L4W 0C6
Phone: (905) 602-4122


About Bird Construction
Bird (TSX:BDT) is a leading Canadian construction company operating from coast-to-coast and servicing all of Canada’s major markets. Bird provides a comprehensive range of construction services from new construction for industrial, commercial, and institutional markets; to industrial maintenance, repair and operations services, heavy civil construction, and contract surface mining; as well as vertical infrastructure including, electrical, mechanical, and specialty trades. For over 100 years, Bird has been a people-focused company with an unwavering commitment to safety and a high level of service that provides long-term value for all stakeholders.
www.bird.ca

 

Events

  • Q1 2023 Earnings Call

    Dates: 10 – 10 May, 2023
    View Materials
    COMPANY: BIRD CONSTRUCTION INC.
    LISTING: TORONTO STOCK EXCHANGE
    CITY: MISSISSAUGA
    SYMBOL: BDT
    DATE: MARCH 31, 2023

    SUBJECT: BIRD CONSTRUCTION INC. ANNOUNCES RELEASE DATE AND CONFERENCE CALL FOR 2023 FIRST QUARTER FINANCIAL RESULTS

    Bird Construction Inc. (TSX: BDT) announced today that it will release its 2023 first quarter financial results after market close on Tuesday, May 9, 2023. A conference call and live webcast to discuss the results will be held on Wednesday, May 10, 2023 at 10:00 a.m. (ET). 

    The call will be hosted by Teri McKibbon, President and Chief Executive Officer, and Wayne Gingrich, Chief Financial Officer. 

    Participants are invited to access the conference call by dialing 1-855-328-1925 at least 10 minutes prior to the start. 

    The live webcast will be held at https://services.choruscall.ca/links/bird2023q1.html. Participants should join at least 10 minutes prior to the start to register and install any necessary software. The accompanying presentation of the 2023 first quarter financial results will be available after market close on Tuesday, May 9, 2023 at https://www.bird.ca/investors
     
    Related financial documents will be posted at https://www.bird.ca/investors
    The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.
     
    For further information contact: 

    T.L. McKibbon, President & CEO or
    W.R. Gingrich, CFO
    Bird Construction Inc.
    5700 Explorer Drive, Suite 400
    Mississauga, ON L4W 0C6
    Phone: (905) 602-4122
    investor.relations@bird.ca

    About Bird Construction
    Bird (TSX:BDT) is a leading Canadian construction company operating from coast-to-coast and servicing all of Canada’s major markets. Bird provides a comprehensive range of construction services from new construction for industrial, commercial, institutional, and civil infrastructure markets; to industrial maintenance, repair and operations services, heavy civil construction, and mine support services; as well as vertical infrastructure including, electrical, mechanical, and specialty trades. For over 100 years, Bird has been a people-focused company with an unwavering commitment to safety and a high level of service that provides long-term value for all stakeholders. www.bird.ca  

    Add event to: ICal Outlook Google Calendar
  • Q4 2022 Earnings Call and Fiscal 2022 Financial Results

    Dates: 08 – 08 Mar, 2023
    View Materials
    COMPANY: BIRD CONSTRUCTION INC.
    LISTING: TORONTO STOCK EXCHANGE
    SYMBOL: BDT
    CITY: MISSISSAUGA
    DATE: JANUARY 25, 2023
    SUBJECT: BIRD CONSTRUCTION INC. ANNOUNCES RELEASE DATE AND CONFERENCE CALL FOR 2022 FOURTH QUARTER AND FISCAL YEAR-END FINANCIAL RESULTS

    Bird Construction Inc. (TSX: BDT) announced today that it will release its 2022 fourth quarter and fiscal year-end financial results after market close on Tuesday, March 7, 2023. A conference call and live webcast to discuss the results will be held on Wednesday, March 8, 2023 at 10:00 a.m. (ET). 

    The call will be hosted by Teri McKibbon, President and Chief Executive Officer, and Wayne Gingrich, Chief Financial Officer. 

    Participants are invited to access the conference call by dialing 1-855-328-1925 at least 10 minutes prior to the start. 

    The live webcast will be held at https://services.choruscall.ca/links/bird2022q4.html. Participants should join at least 10 minutes prior to the start to register and install any necessary software. The accompanying presentation of the 2022 fourth quarter and fiscal year-end financial results will be available after market close on Tuesday, March 7, 2023 at https://www.bird.ca/investors.   

    Related financial documents will be posted at https://www.bird.ca/investors

    The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release. 

    For further information contact: 
    T.L. McKibbon, President & CEO or
    W.R. Gingrich, CFO
    Bird Construction Inc.
    5700 Explorer Drive, Suite 400
    Mississauga, ON L4W 0C6
    Phone: (905) 602-4122
    investor.relations@bird.ca

    About Bird Construction
    Bird (TSX:BDT) is a leading Canadian construction company operating from coast-to-coast and servicing all of Canada’s major markets. Bird provides a comprehensive range of construction services from new construction for industrial, commercial, institutional, and civil infrastructure markets; to industrial maintenance, repair and operations services, heavy civil construction, and mine support services; as well as vertical infrastructure including, electrical, mechanical, and specialty trades. For over 100 years, Bird has been a people-focused company with an unwavering commitment to safety and a high level of service that provides long-term value for all stakeholders. www.bird.ca  

    Add event to: ICal Outlook Google Calendar
  • Q3 2022 Earnings Call

    Dates: 09 – 09 Nov, 2022
    View Materials
    COMPANY: BIRD CONSTRUCTION INC.
    LISTING: TORONTO STOCK EXCHANGE
    SYMBOL: BDT
    CITY: MISSISSAUGA
    DATE: OCTOBER 3, 2022
    SUBJECT:Bird Construction Inc. Announces Release Date and Conference Call for 2022 Third Quarter Financial Results

    Bird Construction Inc. (TSX: BDT) announced today that it will release its financial results for the quarter ended September 30, 2022 after market close on Tuesday, November 8, 2022, and will host a conference call and webcast to discuss the results on Wednesday, November 9, 2022 at 10:00 a.m. (ET). 

    Analysts and institutional investors are invited to access the conference call by dialing 1-855-328-1925 at least 10 minutes prior to the start. 

    A live webcast will be held at https://services.choruscall.ca/links/bird2022q3.html. Participants should join at least 10 minutes prior to the start to register and install any necessary software. The accompanying presentation of the 2022 third quarter financial results will be available after market close on Tuesday, November 8, 2022 at https://www.bird.ca/investors.   

    Related financial documents will be posted at https://www.bird.ca/investors

    The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release. 

    For further information contact: 
    T.L. McKibbon, President & CEO or
    W.R. Gingrich, CFO
    Bird Construction Inc.
    5700 Explorer Drive, Suite 400
    Mississauga, ON L4W 0C6
    Phone: (905) 602-4122
    investor.relations@bird.ca

    About Bird Construction
    Bird (TSX:BDT) is a leading Canadian construction company operating from coast-to-coast and servicing all of Canada’s major markets. Bird provides a comprehensive range of construction services from new construction for industrial, commercial, institutional, and civil infrastructure markets; to industrial maintenance, repair and operations services, heavy civil construction, and mine support services; as well as vertical infrastructure including, electrical, mechanical, and specialty trades. For over 100 years, Bird has been a people-focused company with an unwavering commitment to safety and a high level of service that provides long-term value for all stakeholders. www.bird.ca  
    Add event to: ICal Outlook Google Calendar
  • Q2 2022 Earnings Call

    Dates: 10 – 10 Aug, 2022
    View Materials
    COMPANY: BIRD CONSTRUCTION INC.
    LISTING: TORONTO STOCK EXCHANGE
    SYMBOL: BDT
    CITY: MISSISSAUGA
    DATE: JUNE 29, 2022
    SUBJECT: BIRD CONSTRUCTION INC. ANNOUNCES RELEASE DATE AND CONFERENCE CALL FOR 2022 SECOND QUARTER FINANCIAL RESULTS 

    Bird Construction Inc. (TSX: BDT) announced today that it will release its financial results for the quarter ended June 30, 2022 after market close on Tuesday, August 9, 2022, and will host a conference call and webcast to discuss the results on Wednesday, August 10, 2022 at 10:00 a.m. (ET).

    Analysts and institutional investors are invited to access the conference call by dialing 1-855-328-1925 at least 10 minutes prior to the start. 

    A live webcast will be held at https://services.choruscall.ca/links/bird2022Q2.html. Participants should join at least 10 minutes prior to the start to register and install any necessary software. The accompanying presentation of the 2022 second quarter financial results will be available after market close on Tuesday, August 9, 2022 at https://www.bird.ca/investors.   

    Related financial documents will be posted at https://www.bird.ca/investors.

    The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release. 

    For further information contact: 
    T.L. McKibbon, President & CEO or
    W.R. Gingrich, CFO
    Bird Construction Inc.
    5700 Explorer Drive, Suite 400
    Mississauga, ON L4W 0C6
    Phone: (905) 602-4122

    investor.relations@bird.ca

    About Bird Construction
    Bird (TSX:BDT) is a leading Canadian construction company operating from coast-to-coast and servicing all of Canada’s major markets. Bird provides a comprehensive range of construction services from new construction for industrial, commercial, institutional, and civil infrastructure markets; to industrial maintenance, repair and operations services, heavy civil construction, and mine support services; as well as vertical infrastructure including, electrical, mechanical, and specialty trades. For over 100 years, Bird has been a people-focused company with an unwavering commitment to safety and a high level of service that provides long-term value for all stakeholders. www.bird.ca
    Add event to: ICal Outlook Google Calendar
  • Q1 2022 Earnings Call

    Dates: 11 – 11 May, 2022
    View Materials
    COMPANY: BIRD CONSTRUCTION INC.
    LISTING: TORONTO STOCK EXCHANGE
    CITY: MISSISSAUGA, ON
    SYMBOL: BDT
    DATE: APRIL 18, 2022
    SUBJECT: BIRD CONSTRUCTION INC. ANNOUNCES RELEASE DATE AND CONFERENCE CALL FOR 2022 FIRST QUARTER FINANCIAL RESULTS

    Bird Construction Inc. (TSX: BDT) announced today that it will release its financial results for the quarter ended March 31, 2022 after market close on Tuesday, May 10, 2022, and will host a conference call and webcast to discuss the results on Wednesday, May 11, 2022 at 10:00 a.m. (ET).

    Analysts and institutional investors are invited to access the conference call by dialing 1-855-328-1925 at least 10 minutes prior to the start.

    A live webcast will be held at https://services.choruscall.ca/links/bird20220511.html. Participants should join at least 10 minutes prior to the start to register and install any necessary software. The accompanying presentation of the 2022 first quarter financial results will be available after market close on Tuesday, May 10, 2022 at https://www.bird.ca/investors.

    Related financial documents will be posted at https://www.bird.ca/investors.

    The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

    For further information contact:

    T.L. McKibbon, President & CEO or
    W.R. Gingrich, CFO
    Bird Construction Inc.
    5700 Explorer Drive, Suite 400
    Mississauga, ON L4W 0C6
    Phone: (905) 602-4122
    investor.relations@bird.ca


    About Bird Construction
    Bird (TSX:BDT) is a leading Canadian construction company operating from coast-to-coast and servicing all of Canada’s major markets. Bird provides a comprehensive range of construction services from new construction for industrial, commercial, institutional, and civil infrastructure markets; to industrial maintenance, repair and operations services, heavy civil construction, and mine support services; as well as vertical infrastructure including, electrical, mechanical, and specialty trades. For over 100 years, Bird has been a people-focused company with an unwavering commitment to safety and a high level of service that provides long-term value for all stakeholders. www.bird.ca
    Add event to: ICal Outlook Google Calendar

 

Q1 2023 Financial Highlights

 

Corporate Governance Framework

The Board of Directors and the management of Bird are committed to a strong corporate governance framework. Our corporate governance policies and practices are intended to ensure the interests of our stakeholders are at the center of all decisions we make.

  • A strong culture of ethical conduct
  • Recognition of the benefits of promoting Board diversity
  • Whistleblower Policy
  • Regular in-camera meetings, without officers and management present
  • Regular performance evaluations

91%

Independent Board Members

27%

Bird's Directors are Women


ATB Capital Markets Inc.              
Chris Murray    
416.520.0267              
cmurray@atb.com 

Canaccord|Genuity                 
Yuri Lynk                      
514.844.3708              
yuri.lynk@canaccordgenuity.com

CIBC World Markets              
Jacob Bout    
416.956.6766              
jacob.bout@cibc.com   

iA Capital Markets             
Naji Baydoun
514.830.8077              
naji.baydoun@iagto.ca

National Bank Financial         
Maxim Sytchev          
416.869.5617              
maxim.sytchev@nbc.ca

Raymond James Ltd.              
Frederic Bastien         
604.659.8232              
frederic.bastien@raymondjames.ca

TD Securities              
Michael Tupholme    
416.307.9389              
michael.tupholme@tdsecurities.com

STIFEL | GMP              
Ian Gillies    
416.943.6108              
ibgillies@stifel.com

Laurentian Bank Securities Inc.             
Jonathan Lamers
416.577.1755          
lamersj@lb-securities.ca   


Contact

Teri McKibbon, President & CEO
Wayne Gingrich, CFO

Telephone: 905.602.4122

For additional company information about Bird, visit www.sedar.com
For additional company information about Stuart Olson, visit www.sedar.com 

Contact us at investor.relations@bird.ca

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