Overview

* Bird Q3 revenue grows 5.8% yr/yr, reflecting modest growth despite economic uncertainty

* Adjusted EPS for Q3 beats analyst expectations

Outlook

* Bird sees future revenue growth supported by over C$10 bln in backlog and pending backlog, at September 30, 2025

* Company expects margin accretion as backlog reflects favorable margins

* Bird positioned to capitalize on infrastructure and strategic sector investments

Result Drivers

* STRATEGIC SECTOR DEMAND - Sustained demand in key strategic sectors drove backlog growth, per CEO Teri McKibbon

* PROJECT DELAYS - Economic uncertainty and project delays impacted revenue growth, which was modest at 5.8% yr/yr

* ACQUISITION EXPANSION - Acquisition of Fraser River Pile & Dredge expanded marine construction capabilities

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 C$951.43

Construc mln

tion

Revenue

Q3 Beat C$0.64 C$0.60

Adjusted (6

EPS Analysts

)

Q3 Slight C$35.39 C$35.60

Adjusted Miss* mln mln (2

Net Analysts

Income )

Q3 Net C$31.70

Income mln

Q3 Slight C$66.94 C$67.10

Adjusted Miss* mln mln (7

EBITDA Analysts

)

Q3 Basic C$0.57

EPS

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 ( BIRDF ) is C$36.75, about 25.4% above its November 11 closing price of C$27.41

* The stock recently traded at 55 times the next 12-month earnings vs. a P/E of 58 three months ago

Press Release:

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(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.)