Canada's Bird Construction Q2 adj profit beats estimates

Bird Construction

12/08/2026 22:15

Overview
Canada construction firm's Q2 revenue grew 22.6% yr/yr, surpassing C$1 bln milestone
Adjusted EPS and adjusted net income for Q2 beat analyst expectations
Company's Q2 growth driven by organic expansion in industrial, buildings, and infrastructure sectors

Outlook
Bird says demand remains robust across its ten key strategic sectors
Company says record backlog supports confidence in achieving 2027 strategic plan goals

Result Drivers
ORGANIC EXPANSION - Co said over 80% of Q2 revenue growth was organic, with all business segments contributing as work programs ramped up
RECORD BACKLOG - Backlog reached a record C$6.1 bln, up 30.6% yr/yr, driven by significant new project awards and conversions of pending backlog
OPERATIONAL LEVERAGE - Margin improvement attributed to strategic investments in people and technology made in 2025

Company press release: ID:nGNX73zRQW

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Beat
C$0.70
C$0.59 (7 Analysts)
Q2 Adjusted Net Income
Beat
C$38.60 mln
C$31.97 mln (3 Analysts)
Q2 Net Income
 
C$30.27 mln
 
Q2 Adjusted EBITDA
Beat
C$73.91 mln
C$66.80 mln (8 Analysts)
Q2 Basic EPS
 
C$0.55
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction & engineering peer group is "buy"
Wall Street's median 12-month price target for Bird Construction Inc. is C$72.00, about 9.7% above its August 11 closing price of C$65.66
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 18 three months ago

Reuters Recommended Reads
Aug 12 - UK's Balfour Beatty raises annual profit forecast, shares jump to record high
Aug 11 - Cardinal Infrastructure Q2 revenue jumps 114% on organic and acquisition growth, raises 2026 sales guidance
Aug 10 - AECOM Q3 revenue beats on design business growth

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)