RY 164.25 -0.9946% TD 85.84 0.7157% SHOP 105.92 -0.8518% CNR 154.54 -1.2839% ENB 55.28 -0.2526% CP 111.02 -1.447% BMO 123.85 0.7812% TRI 228.87 -0.5993% CNQ 47.63 1.7953% BN 71.41 -0.084% ATD 74.03 1.203% CSU 4275.7002 -2.3478% BNS 71.4 -0.571% CM 81.36 -1.1181% SU 53.41 2.3572% TRP 60.15 1.2626% NGT 71.89 -1.4395% WCN 240.81 0.4882% MFC 40.125 0.1623% BCE 45.8 -1.4842%
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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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