05:21 PM EDT, 03/11/2026 (MT Newswires) -- Bird Construction ( BIRDF ) Wednesday after-trade said fourth-quarter adjusted earnings and construction revenue both fell.

Adjusted earnings, which exclude most one-time items, fell to $31.8 million, or $0.57 per share, from $37.3 million, or $0.67, in the prior year period. The result beat the consensus analyst estimate of $0.53 per share, according to FactSet.

Construction revenue of $877 million was lower than the $936.7 million earned in the fourth quarter of 2024, and also missed the $906 million expected by FactSet. The lower revenue was expected, as it was caused by the impact of previously disclosed delays in the start of certain contracted projects, the company said.

Bird's backlog of contracted work grew to $5.1 billion at year-end, benefiting from over $932.3 million in securements and other additions in the fourth quarter. Its pending backlog of work awarded but not yet contracted was $6.0 billion at quarter-end and includes over $1.5 billion of recurring revenue contracts.

"Bird remains strongly positioned for Canada's long-duration nation-building investment cycle, including large-scale capital investment energy projects such as LNG and nuclear, as well as infrastructure renewal across defence, healthcare, transportation and trade. With record liquidity and a strong balance sheet, Bird enters 2026 with flexibility, visibility, and momentum," said chief executive Teri McGibbon.

The company's shares closed up $0.21 to $32.14 on the Toronto Stock Exchange.