RY 174.36 0.4783% SHOP 156.03 -2.1755% TD 76.42 0.2624% ENB 60.3 0.3495% BN 82.43 -0.4348% TRI 233.73 -0.1708% CNQ 43.48 0.023% CP 104.58 -0.994% CNR 147.02 -0.7091% BMO 139.94 0.5967% BNS 77.52 0.6361% CSU 4534.73 -0.2797% CM 90.65 -2.0318% MFC 44.29 0.5448% ATD 80.14 -0.5584% NGT 54.55 -0.6737% TRP 66.74 0.3006% SU 50.86 0.494% WCN 247.06 -0.6195% L 191.14 0.0366%
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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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