RY 160.88 0.3368% SHOP 116.26 -0.2745% TD 83.99 0.2267% ENB 63.36 2.3421% BN 68.93 1.8168% TRI 253.15 1.2438% CNQ 40.16 2.7899% CP 102.84 1.6607% CNR 136.8 0.1098% BMO 129.28 0.4351% BNS 65.68 0.5357% CSU 4662.8101 -1.1794% CM 81.86 0.4664% MFC 40.03 0.9329% ATD 70.74 0.5115% NGT 76.31 -1.5482% TRP 69.03 1.7991% SU 48.27 3.009% WCN 273.57 0.3927% L 213.34 0.0%
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Bird Construction (TSX:BDT) expects higher margins and leverage to boost earnings growth in FY24
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Highlights
Bird Construction Inc (TSX: BDT) has a market cap of CAD 1.33bn. It is a construction firm. It provides services to all of Canada's major markets.
In Q2 2024, the company’s construction revenue rose by 27.3% to CAD 873.5 million compared to CAD 686.4 million in Q2 2023. This increase can be attributed to healthy industrial construction activity, a strong mining work program, and institutional building projects. The company's income from operations also saw a remarkable boost, climbing 64.9% to CAD 32.0 million, driven by a higher gross profit resulting from an improved project mix and margin profiles on newer work.
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