Bird Construction

Bird Construction and the majority Indigenous-owned Piinahzii Limited Partnership have expanded their agreement so the partnership now also includes construction of the Marten Falls Community Access Road. The roughly 184 km route, with 35 bridge and culvert structures, will for the first time connect the Marten Falls First Nation to Ontario’s provincial highway network and is the longest section of a planned 514 km year‑round network to open up the "Ring of Fire" region. The project is expected to create employment, training and contracting opportunities for community members and local businesses during the construction phase. » Mere på de.investing.com

Bird Construction reported second-quarter 2026 revenue of $1.043 billion (+22.6%) and adjusted EPS of $0.70, beating both revenue and earnings estimates. Adjusted EBITDA rose 34.6% to $73.9 million and the margin improved to 7.1%; operating cash flow and liquidity improved significantly. Management expects revenue growth of over 20% for 2026 and sees further margin upside, targeting an adjusted EBITDA margin of 8% in 2027. The stock jumped about 12.8% in after-hours trading, supported by organic growth, a strong order book and ongoing large projects such as a data-center project for Bell Canada. » Mere på de.investing.com

Bird Construction completed a private placement of senior notes totalling C$250 million with a coupon of 4.397% and maturity on June 1, 2031. About C$204 million of the net proceeds are to be used to repay outstanding borrowings under the non‑revolving credit facility, with the remainder for general corporate purposes such as repaying revolving credit lines or possible acquisitions. The notes were offered exclusively to accredited Canadian investors through a syndicate of banks and are not registered or available for sale in the United States; closing is expected on June 1, 2026. » Mere på de.investing.com

Bird Construction plans an initial corporate bond issuance of around C$250 million with a maturity of five to seven years. Morningstar DBRS assigns Bird an issuer rating of BBB (low) with a stable outlook. The move follows a multi-year partnership with BCE to build data centers, including leading the 300-megawatt project in Saskatchewan, which is also supported by CoreWeave. The company declined to comment on the planned issuance. » Mere på de.investing.com

Bird Construction reported Q1 2026 EPS of CAD 0.25 and revenue of CAD 783.4 million, both well above consensus estimates. Revenue rose 9.2% year over year; gross profit and adjusted EBITDA also improved. Management expects margin expansion in coming quarters and points to robust cash flow and balance-sheet metrics. After the release the stock rose 3.43% to CAD 51.56. » Mere på de.investing.com