Core Points - Bird Construction Inc. announced the results of the election of Directors at its annual general meeting held on May 14, 2025 [1] - All nominees listed in the Management Information Circular dated March 26, 2025, were elected as Directors [2] Voting Results - Evelyn Angelle received 99.61% votes in favour and 0.39% votes withheld [2] - J. Richard Bird received 93.64% votes in favour and 6.36% votes withheld [2] - Steven L. Edwards received 99.54% votes in favour and 0.46% votes withheld [2] - J. Kim Fennell received 98.71% votes in favour and 1.29% votes withheld [2] - Jennifer F. Koury received 96.88% votes in favour and 3.12% votes withheld [2] - Terrance L. McKibbon received 99.93% votes in favour and 0.07% votes withheld [2] - Gary Merasty received 98.84% votes in favour and 1.16% votes withheld [2] - Luc J. Messier received 94.21% votes in favour and 5.79% votes withheld [2] - Paul R. Raboud received 98.18% votes in favour and 1.82% votes withheld [2] - Sophia Saeed received 99.03% votes in favour and 0.97% votes withheld [2] Company Overview - Bird Construction is a leading Canadian construction and maintenance company operating nationwide [3] - The company provides a comprehensive range of construction services and innovative solutions to various markets including industrial, buildings, and infrastructure [3] - Bird has a commitment to safety and high service levels, aiming to deliver long-term value for all stakeholders [3]

Company Announcement - Bird Construction Inc. will release its 2025 second quarter financial results after market close on August 13, 2025 [1] - A conference call and live webcast to discuss the results will take place on August 14, 2025, at 10:00 a.m. (ET) [1] - The call will be hosted by Teri McKibbon, President and CEO, and Wayne Gingrich, CFO [1] Registration and Access - Participants can register for expedited access to the conference call through a provided registration link [2] - Upon registration, participants will receive dial-in information and a unique PIN, along with an email confirmation [2] - The live webcast will be available at a specified URL, and related financial documents will be accessible after market close on August 13, 2025 [2] Company Overview - Bird Construction is a leading Canadian construction and maintenance company operating nationwide [3] - The company services all major markets in Canada with a focus on safety and a comprehensive range of construction services [3] - Bird has over 100 years of experience and is committed to providing long-term value for all stakeholders [3]

MISSISSAUGA, Ontario, May 21, 2025 (GLOBE NEWSWIRE) -- Bird Construction Inc. (TSX: BDT) is pleased to announce that it has been awarded three projects with a combined value of over $525 million across its buildings and infrastructure businesses. Bird has been selected to deliver the Transportation Safety and Technology Science (TSTS) Hub, a 120,000 sq. ft. facility in Ottawa, Ontario. This hub will bring together federal scientists and investigators to advance transportation safety technology and science, ...

Core Insights - Bird Construction's diversification and strategic focus on key market sectors have led to a resilient business model, driving top-line growth and margin improvement, with over $1.3 billion in new contracts awarded in Q1 2025 [1][2] - The company has a record backlog of contracted and awarded work, providing good visibility into revenue growth and margin accretion for 2025 and 2026 [1][2] Financial Highlights - Q1 2025 revenues increased by 4% year-over-year to $717.6 million, compared to $688.2 million in Q1 2024 [5][4] - Net income for Q1 2025 was $9.4 million, down from $10.0 million in Q1 2024, while adjusted earnings increased by 14% to $12.9 million [5][4] - Adjusted EBITDA rose by 41% to $34.1 million, with an adjusted EBITDA margin of 4.8%, up from 3.5% in the previous year [5][4] Backlog and Contracts - The backlog of contracted work grew by 16.4% to over $4.3 billion, the highest in the company's history, with $1.3 billion added in Q1 2025 [9][5] - The pending backlog at the end of Q1 2025 was $4.0 billion, including over $950 million in recurring revenue from master service agreements [9][5] Recent Projects and Awards - In Q1 2025, Bird was awarded five projects valued at approximately $470 million, including significant contracts in infrastructure and industrial maintenance [9][5] - Subsequent to Q1 2025, the company announced additional projects worth over $650 million, further expanding its portfolio [9][5] Liquidity and Capital Allocation - As of March 31, 2025, Bird had $137.8 million in cash and cash equivalents, with an additional $336.7 million available under its credit facility, supporting growth-related investments and potential acquisitions [9][5] - The company declared dividends of $0.07 per common share for March and April 2025 [9][5]

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