Bird Construction Inc.

BDT

CA09076P1045

Construction & Engineering

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
19.14 ^CAD	+1.11%		+2.41%	+32.92%

Mar. 08	Bird Construction Price Target Raised to $22 at TD	MT
Mar. 07	Bird Construction Maintained at Buy at Stifel GMP After Q4 Results; Price Target Raised to C$24.00	MT

Bird Construction Inc. acquired Assets of NorCan Electric Inc. for CAD 11 million.

January 17, 2024

Bird Construction Inc. (TSX:BDT) acquired Assets of NorCan Electric Inc. for CAD 11 million on January 18, 2024. Bird financed 85% of the purchase price with debt, with the balance coming from Bird treasury shares. The Company is acquiring all customer contracts, NorCan?s share of the NorCan/Infinity Limited Partnership, equipment and other fixed assets, workforce and team providing services to clients. No working capital was acquired as part of the transaction. The transaction is expected to be accretive, enhancing earnings per share by CAD 0.04 in 2024.

Bird Construction Inc. (TSX:BDT) completed the acquisition of Assets of NorCan Electric Inc. on January 18, 2024.

Latest news about Bird Construction Inc.

Bird Construction Price Target Raised to $22 at TD	Mar. 08	MT
Bird Construction Maintained at Buy at Stifel GMP After Q4 Results; Price Target Raised to C$24.00	Mar. 07	MT
Transcript : Bird Construction Inc., Q4 2023 Earnings Call, Mar 06, 2024	Mar. 06
Bird Construction Price Target Raised to $20.50 at Raymond James	Mar. 06	MT
Bird Construction Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 05	CI
Bird Construction Q4 Adjusted Profit Rises 57% on Revenue Gains; Tops Estimates	Mar. 05	MT
Bird Construction Brief: Q4 Construction revenue of $792.1 million compared to $649.0 million earned in the prior year quarter, representing a 22.1% increase year-over-year.	Mar. 05	MT
Bird Construction Brief: Q4 Adjusted Earnings and Adjusted EPS $24.3 million and $0.45 in Q4 2023, compared to $15.5 million and $0.29 in Q4 2022, representing increases of 57%	Mar. 05	MT
Bird Construction Inc. Declares Increased Monthly Dividends, Payable on April 2024	Mar. 05	CI
North American Morning Briefing : S&P 500 Futures Dip; Apple Eyes 4-Month Low	Mar. 05	DJ
Bird Construction Inc. Announces the Retirement of Bonnie DuPont as Independent Director	Jan. 23	CI
National Bank of Canada Notes Bird Construction's Acquisition Of NorCan Electric Assets	Jan. 19	MT
Bird Construction Maintained at Buy at Stifel GMP Following "Bolt-On" Acquisition; Price Target Raised to C$18.50	Jan. 19	MT
Bird Construction Acquires Northern Alberta Electrical Contractor NorCan for C$11 Million	Jan. 18	MT
Bird Construction Brief: Says "Bolsters Capabilities, Capacity, And Recurring Revenue" With Agreement To Acquire Leading Alberta Electrical Service Provider	Jan. 18	MT
Bird Construction Inc. acquired Assets of NorCan Electric Inc. for CAD 11 million.	Jan. 17	CI
Bird Construction Price Target Raised to $17 at TD	Jan. 10	MT
AtkinsRealis and Bird Construction Joint Venture to Deliver a New Transit Hub in Toronto	Jan. 08	MT
Bird Joint Venture Awarded the Alliance Development Agreement to Deliver the East Harbour Transit Hub in Toronto	Jan. 08	CI
AtkinsRealis and Bird Construction Brief: Joint Venture has entered into an Alliance Development Agreement to Deliver a New Transit Hub in Toronto	Jan. 08	MT
National Bank Downgrades Bird Construction, Reiterates Price Target; Down 4.4%	Jan. 04	MT
Bird Construction Inc. Wins Energy, Power, Manufacturing, and Multi-Storey Modular Contracts Worth over $530 Million	Dec. 19	CI
Bird Construction Says Awarded Energy, Power, Manufacturing, And Multi-Storey Modular Contracts Worth Over $530 Million	Dec. 19	MT
Bird Construction Brief: Says Awarded Energy, Power, Manufacturing, And Multi-Storey Modular Contracts Worth Over $530 Million	Dec. 19	MT
National Bank of Canada Notes Bird Construction's Dividend Hike, Positive Outlook	Dec. 13	MT

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Company Profile

Bird Construction Inc. is a Canadian construction company. The Company operates from coast-to-coast and serves various Canadian markets. The Company provides a comprehensive range of construction services from new construction for industrial, infrastructure and institutional markets; to industrial maintenance, repair and operations services, heavy civil construction, and mine support services; as well as vertical infrastructure, including electrical, mechanical, and specialty trades. The Company uses a variety of contract delivery methods, including construction management, cost plus, integrated project delivery (IPD), progressive design build, stipulated sum, unit price, standard specification design-build, alternative finance projects, complex design-build and public private partnership (PPP) contract delivery methods.

Sector

Construction & Engineering

Calendar

2024-05-13 - Q1 2024 Earnings Release

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Ratings for Bird Construction Inc.

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Investor Rating

ESG Refinitiv

C-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

19.14 CAD

Average target price

21.31 CAD

Spread / Average Target

+11.35%

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