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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Bird Construction
Bird Construction (BDT) investor relations material
Bird Construction Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary12 Nov, 2026
Executive summary
Q3 revenue rose 36.7% YoY to $1,300.9M and Adjusted EBITDA increased 58.8% to $106.3M, with an 8.2% margin; almost 90% of revenue growth was organic.
Combined Backlog and Pending Backlog reached a record $13.0B, supporting visibility and confidence in 2027 Strategic Plan goals.
2027 revenue outlook was raised to $4.9B–$5.1B; the Adjusted EBITDA Margin target remains 8.0%.
Financial highlights
Q3 Gross Profit rose 50.1% to $153.0M, with Gross Profit Percentage increasing to 11.8% from 10.7%.
Q3 net income increased 61.2% to $51.1M, or $0.92 per share; Adjusted Earnings rose 77.0% to $62.6M, or $1.13 per share.
9M revenue increased 24.1% to $3,127.5M; Gross Profit rose 29.1% to $335.1M and Adjusted EBITDA rose 39.4% to $217.3M.
9M net income was $92.8M, or $1.67 per share; Adjusted Earnings were $115.2M, or $2.08 per share, up 51.8%.
9M operating cash flow was $122.8M, versus $76.8M used in 9M 2025.
Outlook and guidance
FY2026 revenue growth is expected to approach 25%, supported by broad-based organic growth across Industrial, Buildings and Infrastructure.
2027 revenue outlook increased to $4.9B–$5.1B, the upper range of the Strategic Plan target, supported by year-to-date results and Backlog visibility.
Adjusted EBITDA Margin is expected to strengthen through 2026 toward the 8.0% 2027 target; further margin expansion is expected beyond 2027.
Management cited work in hand and broad growth pathways; a major new project win is not required to deliver the 2027 revenue target.
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Latest events from Bird Construction
- Record backlog and margin gains underpin a raised $4.9B–$5.1B 2027 revenue outlook.BDT
Investor presentation - Record Q2 revenue, margin gains, and $12B backlog drive strong multi-year growth outlook.BDTQ2 2026
- Q2 2024 saw 27% revenue growth, margin gains, and expanded infrastructure capabilities.BDTInvestor presentation
- Q3 2024 saw double-digit revenue and EBITDA growth, with strong backlog and margin outlook.BDTInvestor presentation
- Record revenue and margin growth in 2024 set the stage for ambitious 2025-2027 targets.BDTInvestor presentation
- Record backlog, margin expansion, and disciplined growth drive a strong outlook through 2027.BDTInvestor presentation
- Record backlog and margin growth position the company for sustained, profitable expansion.BDTInvestor presentation
- Record $11B backlog, strong Q1 growth, and strategic partnerships drive long-term margin expansion.BDTInvestor presentation
- 2025-2027 targets 10%+ revenue CAGR, 8% EBITDA margin, 33% payout, driven by infrastructure, industrial growth.BDTInvestor Day 2024
Next Bird Construction earnings date
Q4 20269 Mar, 2027
Bird Construction
Next Bird Construction earnings date
Q4 20269 Mar, 2027
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Frequently asked questions
Bird Construction Inc provides construction services to clients across industrial, commercial, and institutional markets. The company offers services such as pre-construction consulting, project management, design-build services, and general contracting. Its portfolio includes work in sectors like energy, mining, education, healthcare, and public infrastructure. Bird Construction is headquartered in Mississauga, Canada, and its shares are listed on the TSX.