Bird Construction Inc. Announces 2024 First Quarter Financial Results

Provided By GlobeNewswire

Last update: May 14, 2024

MISSISSAUGA, Ontario, May 14, 2024 (GLOBE NEWSWIRE) -- “Bird continues to deliver strong results, with 28% year over year revenue growth and margin accretion setting the stage for significant further improvements in earnings and cash flow for full-year 2024 over 2023. The Company’s combined backlog of contracted and awarded work continues to grow with favourable embedded margins, and the accretive acquisition of NorCan Electric in January added new specialized self-perform capabilities and recurring revenue to Bird's already extensive resume,” stated Teri McKibbon, President and CEO of Bird Construction. “The Company’s strategic focus on being a leading collaborative construction company continues to drive growth and better outcomes for all parties, and the strength of our balance sheet positions us to invest in profitable organic growth and pursue attractive acquisitions in today’s active market.”