05:05 PM EST, 03/05/2024 (MT Newswires) -- Bird Construction ( BIRDF ) on Tuesday said its fourth-quarter profit before items rose 57% on higher revenue.

The company said its adjusted profit, which excludes most one-time items rose to C$24.3 million, or C$0.45 per share, in the period, from C$15.5 million, or C$0.29. The result topped the average analyst estimate for the measure of C$0.40 per share, according to Capital IQ.

Net income, including items, rose to C$23.88 million, or C$0.44 per share, from C$14.93 million, or C$0.28.

Revenue rose 22% to C$792.07 million from C$648.97 million.

"The robust growth and profitability of Bird's fourth quarter and full year reflect the power of executing our strategy, the trust and level of collaboration we have achieved with our clients, and the quality of delivery from our dedicated 'One Bird' team. Our capabilities to deliver sophisticated work and our position as a leading collaborative construction and maintenance company remain competitive advantages, which we intend to leverage in 2024 and beyond," chief executive Teri McKibbon said in a release.

Bird Construction ( BIRDF ) shares closed up C$0.27 to C$17.51 on the Toronto Stock Exchange.