MISSISSAUGA, Ontario, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Bird Construction Inc. (TSX: BDT) is pleased to announce the award of multiple projects and agreements totaling approximately $1.2 billion, spanning major industrial capital investment projects and a series of significant new and renewed multi-year master service agreements (MSA) with both new and existing clients. Bird’s Industrial Maintenance team, through its existing Indigenous Limited Partnership between Stuart Olson and Infinity Métis Corporation ...

Core Viewpoint - Emcor Group (EME) has experienced a recent decline in share price, losing 6.2% over the past week, but the formation of a hammer chart pattern suggests a potential trend reversal as buying interest may be emerging to counteract selling pressure [1][2]. Technical Analysis - The hammer chart pattern indicates a possible bottoming out, with reduced selling pressure and a potential shift in control from bears to bulls [2][5]. - A hammer pattern forms when there is a small difference between opening and closing prices, with a long lower wick indicating buying interest after a new low is reached during a downtrend [4][5]. - This pattern can occur across various timeframes and is utilized by both short-term and long-term investors [5]. Fundamental Analysis - There has been a positive trend in earnings estimate revisions for EME, which is a bullish indicator suggesting potential price appreciation [7]. - Over the last 30 days, the consensus EPS estimate for the current year has increased by 0.2%, indicating that analysts expect better earnings than previously predicted [8]. - EME holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically outperform the market [9][10].

Core Points - Bird Construction Inc. has entered into a Development Phase Agreement (DPA) with Infrastructure Ontario and William Osler Health System for the Peel Memorial Hospital Phase 2 Redevelopment project [1][2] - This agreement follows Bird's selection as the Preferred Proponent, marking the start of the Development Phase where Bird will collaborate closely with Osler and IO on project design, schedule, pricing, and risk management [2] - The DPA reflects Bird's extensive experience in delivering complex healthcare infrastructure across Canada, emphasizing a progressive contracting model that enhances early engagement and informed decision-making [3] Company Overview - Bird Construction is a leading Canadian construction and maintenance company with operations across Canada, providing a comprehensive range of construction services and innovative solutions [4] - The company has a strong commitment to safety and high service levels, aiming to deliver long-term value for all stakeholders [4]

Core Points - Bird Construction Inc. has successfully completed the acquisition of Fraser River Pile & Dredge (FRPD), marking a significant milestone for both companies [1][2] - The acquisition enhances Bird's capabilities in marine infrastructure, land foundations, and dredging, expanding its self-perform platform and broadening service offerings to clients [2] - The federal government's focus on nation-building projects, particularly those involving major port and marine requirements, aligns with the combined strengths of Bird and FRPD, supporting Canada's infrastructure priorities and long-term growth strategy [2] Company Overview - Bird Construction Inc. is a leading Canadian construction and maintenance company with over 100 years of experience, operating across all major markets in Canada [4] - The company emphasizes a collaborative, safety-first approach and provides a comprehensive range of construction services, self-perform capabilities, and innovative solutions to various sectors including industrial, buildings, and infrastructure [4]

Core Points - Bird Construction Inc. will release its 2025 third quarter financial results on November 12, 2025, after market close [1] - A conference call and live webcast to discuss the results will take place on November 13, 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 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 November 12, 2025 [2] Company Overview - Bird Construction is a leading Canadian construction and maintenance company operating nationwide [3] - The company offers a comprehensive range of construction services and innovative solutions across industrial, buildings, and infrastructure markets [3] - Bird has a history of over 100 years, emphasizing a safety-first approach and a commitment to providing long-term value for stakeholders [3]

Core Insights - Bird Construction Inc. has been selected as the Preferred Proponent by Infrastructure Ontario for a major hospital project, indicating the company's strong position in the healthcare infrastructure sector [1][2] - The project will utilize a collaborative contracting model with a target price, which is expected to enhance innovation, efficiency, and stakeholder collaboration [2] Company Overview - Bird Construction is a leading Canadian construction and maintenance company with over 100 years of experience, focusing on safety and high service levels [3] - The company operates across all major markets in Canada, providing a comprehensive range of construction services and innovative solutions for industrial, buildings, and infrastructure markets [3]

Core Insights - Bird Construction is executing its 2025-2027 Strategic Plan, focusing on sectors with long-term demand drivers and maintaining a risk-balanced work program to drive growth and margin accretion [1] - The company has a record backlog of $4.6 billion, which positions it well to capitalize on future opportunities once market uncertainties resolve [1][2] Financial Performance - In Q2 2025, Bird's construction revenue was $850.8 million, a decrease of 2.6% from $873.5 million in Q2 2024 [5][7] - Net income for Q2 2025 was $20.3 million, down from $21.4 million in Q2 2024, while adjusted earnings increased by 18% to $27.6 million [5][6] - Adjusted EBITDA for Q2 2025 was $54.9 million, representing a margin of 6.5%, up from 5.3% in the prior year [5][8] Backlog and Securements - Bird secured almost $1.2 billion in additional work in Q2 2025, increasing its backlog to a record $4.6 billion [2][8] - Year-to-date securements totaled $2.5 billion, nearly $1.0 billion higher than the previous year [8] Operational Highlights - The company generated strong operational cash flow of $54.5 million in Q2 2025, a 14.8% increase from the same quarter in 2024 [8] - Bird's liquidity position remains robust, with $142.6 million in cash and an additional $231.7 million available under its credit facility [8] Project Awards - In Q2 2025, Bird was awarded five projects valued at over $650 million, including significant contracts in infrastructure and industrial sectors [8][14]

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]

Core Insights - Bird Construction Inc. has been awarded three projects with a total value exceeding $525 million, indicating strong demand in its buildings and infrastructure sectors despite economic uncertainties [1][2] Project Details - The company will deliver the Transportation Safety and Technology Science (TSTS) Hub, a 120,000 sq. ft. facility in Ottawa, aimed at enhancing transportation safety technology and science [4] - Bird has secured the Beverly Heights Seniors Housing project in Edmonton, which will provide a full continuum of care for Canada's aging population, reflecting the company's focus on high-demand sectors [4] - In a joint venture, Bird will upgrade mining infrastructure over a four-year program, showcasing its capabilities in the mining sector [4] Company Overview - Bird Construction is a leading Canadian construction and maintenance company with over 100 years of experience, committed to safety and high service levels across all major markets in Canada [3]