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GlobeNewswire·

Bird Reports Record 2026 Third Quarter Results and Raises 2027 Revenue Outlook; 37% Q3 Revenue Growth and Adjusted EBITDA Exceeding $100 Million

  • Bird Construction reported record third quarter 2026 results driven by broad-based organic growth across its Industrial, Buildings, & Infrastructure businesses.
  • Construction revenue for the quarter reached $1,300.9 million, a 36.7% year-over-year increase, with almost 90% of growth attributed to organic expansion.
  • Adjusted EBITDA rose 58.8% to $106.3 million, while Adjusted EBITDA Margin improved to 8.2% from 7.0% in the prior year quarter.
  • Net income for the quarter was $51.1 million ($0.92 per share), representing a 61.2% increase compared to $31.7 million in Q3 2025.
  • The Company's Backlog increased to $6.4 billion after adding over $1.6 billion in new work, while Pending Backlog grew 10.7% to $6.6 billion.
  • Combined Backlog & Pending Backlog totaled $13.0 billion, providing visibility for future growth with a favorable margin profile.
  • Year-to-date construction revenue for the first nine months of 2026 reached $3,127.5 million, a 24.1% increase over the same period in 2025.
  • Year-to-date Adjusted Earnings were $115.2 million ($2.08 per share), up 77.0% compared to $75.9 million in the prior year.
  • Operational cash flow generation before changes in non-cash working capital was $117.4 million in Q3 2026, a 68.1% increase year-over-year.
  • Significant project awards were announced spanning nuclear, civil, marine, mine infrastructure, industrial, & buildings sectors, including $1.1 billion in subsequent awards.
  • The Board declared eligible dividends of $0.07 per common share for November 2026, December 2026, January 2027, & February 2027.
  • Bird maintains strong liquidity with $267.8 million in cash & $476.5 million available under its Syndicated Credit Facility.
Company
Bird Construction Inc
Keywords
Toronto Stock Exchange:BDT, Bird Construction Inc