MISSISSAUGA, Ontario, Oct. 09, 2025 (GLOBE NEWSWIRE) -- Bird Construction Inc. (TSX: BDT) announced today that it will release its 2025 third quarter financial results after market close on Wednesday, November 12, 2025. A conference call and live webcast to discuss the results will be held on Thursday, November 13, 2025 at 10:00 a.m. (ET). Teri McKibbon, President and Chief Executive Officer, and Wayne Gingrich, Chief Financial Officer, will host the call. Participants are invited to register for expedited ...

Company Overview - Builders FirstSource, Inc. (BLDR) is the largest U.S. supplier of structural building materials and related construction services, generating $16.4 billion in net sales in 2024, with approximately 71% from new single-family homes [2][6] Growth Strategy - The company has expanded through mergers and acquisitions, notably the BLDR+ProBuild and BMC+SBS deals, which have created significant synergies and enhanced pricing power [3][5] - BLDR's strategy includes leveraging offsite assembly and value-added services, addressing labor shortages for homebuilders, and capturing about 10% of the materials cost for each new single-family home [4][6] Financial Metrics - The company has normalized EBITDA margins around 11–11.5%, with ongoing tuck-in acquisitions expected to drive 4–5% inorganic growth annually [5][6] - Valuation analysis suggests a fair value between $155–$185 per share, indicating potential upside from the current market price of $133 [6] Market Position and Catalysts - BLDR's scale provides it with pricing power in dominant regions, enhancing EBITDA margins and operational resilience [4][6] - Catalysts for growth include increased homebuilding activity, lower interest rates, and potential mergers and acquisitions [6]

Core Viewpoint - The article emphasizes the importance of identifying and maintaining trends in short-term investing, highlighting that sound fundamentals and positive earnings revisions are crucial for sustaining momentum in stocks [1]. Group 1: Recent Price Strength Screen - The "Recent Price Strength" screen is a unique short-term trading strategy that helps identify stocks with strong fundamentals capable of maintaining an uptrend [2]. - Stocks that pass this screen are typically trading in the upper portion of their 52-week high-low range, indicating bullish sentiment [2]. Group 2: Tutor Perini (TPC) Analysis - Tutor Perini (TPC) has shown a significant price increase of 49.8% over the past 12 weeks, indicating strong investor interest [3]. - TPC has also experienced a 9.9% price increase over the last four weeks, suggesting that the upward trend is still intact [4]. - Currently, TPC is trading at 97.7% of its 52-week high-low range, indicating a potential breakout [4]. Group 3: Fundamental Strength - TPC holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [5]. - The Zacks Rank system has a strong historical performance, with Rank 1 stocks averaging a +25% annual return since 1988 [6]. - TPC also has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [6]. Group 4: Additional Investment Opportunities - Besides TPC, there are other stocks that meet the criteria of the "Recent Price Strength" screen, suggesting further investment opportunities [7]. - The article encourages exploring over 45 Zacks Premium Screens tailored to different investing styles for potential winning stock picks [7].

Group 1 - Tapa municipality and AquaTapa OÜ signed a contract for the right of superficies of the Tapa swimming pool on August 18, with construction to be carried out by Merko Ehitus [1] - AS Merko Ehitus Eesti is engaged in pre-contractual negotiations with the ordering party and will announce the signing of the agreement through a stock exchange announcement [1] Group 2 - AS Merko Ehitus Eesti is a recognized Estonian construction company providing services in general construction, civil engineering, and residential construction [2] - The group operates in Estonia, Latvia, and Lithuania, employing 605 people as of the end of 2024, with a revenue of EUR 539 million for that year [2]

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]

Financial Data and Key Metrics Changes - The company reported quarterly revenue exceeding $2 billion for the first time, with earnings per share of $6.53, a 75% increase year-over-year [6][13] - Same store revenue growth was 19%, with a quarterly EBITDA of over $300 million, marking a 50% increase from the previous year [9][14] - Net income for the quarter was $231 million, compared to $134 million in the previous year, reflecting a more than 70% improvement [13] - Free cash flow for the quarter was $220 million, with a net cash position exceeding $250 million after share repurchases and acquisitions [14][16] Business Line Data and Key Metrics Changes - The mechanical segment saw a 13% increase in revenue, while the electrical segment revenue grew by 49% [9][10] - Service revenue increased by 10%, contributing to 15% of total revenue, with strong profitability in this segment [21] - Gross profit for the second quarter was $510 million, with a gross profit margin of 23.5%, up from 20.1% a year ago [10][11] Market Data and Key Metrics Changes - Industrial customers accounted for 63% of total revenue, with technology representing 40% of revenue, up from 31% the previous year [19] - Institutional markets, including education and healthcare, contributed 24% of revenue, while the commercial sector accounted for 13% [20] - The backlog at the end of the quarter reached a record $8.1 billion, a 41% increase year-over-year [17] Company Strategy and Development Direction - The company announced the acquisition of Rightway Plumbing, expected to generate $60 million to $70 million in annual revenue [7] - There is a focus on expanding modular capabilities and improving productivity and automation in existing facilities [24] - The company aims to maintain strong margins and continue growth in both the mechanical and electrical segments [10][40] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about strong demand for large and complex projects despite economic uncertainties [8] - The company anticipates continued strong results in 2025 and into 2026, supported by robust project pipelines [17][39] - Management noted that the recent tax reform legislation is not expected to significantly impact operating results or cash flows [12] Other Important Information - The company increased its quarterly dividend by 5 cents to 50 cents per share [7] - There is a strong emphasis on employee dedication and collaboration across various projects, which is seen as key to long-term success [74] Q&A Session Summary Question: Modular capabilities expansion and potential third location - Management indicated a focus on incremental capacity expansion and improving productivity rather than prioritizing a third location at this time [24][26] Question: Impact of bonus depreciation on customer conversations - Management acknowledged that while bonus depreciation helps customers, it is not a significant driver of demand at this time [28] Question: Growth confidence for the remainder of 2025 - Management expressed confidence in robust future pipelines and continued growth, particularly in service revenue [34][36] Question: Competitive landscape in modular construction - Management noted that while competition exists, the goal is to excel in service quality to maintain a leadership position [87] Question: Healthcare market opportunities - Management highlighted ongoing strength in the healthcare sector, particularly in new hospital builds and expansions [89] Question: Pricing dynamics and supplier cost pressures - Management indicated that while suppliers may attempt to pass on costs, the company is effectively managing pricing and maintaining strong margins [98][103]

Group 1 - North American Construction (NOA) has experienced significant selling pressure, with a decline of 8.6% over the past four weeks, but is now positioned for a potential trend reversal as it is in oversold territory [1] - The Relative Strength Index (RSI) for NOA is currently at 29.98, indicating that the stock is oversold and may soon experience a reversal towards its previous equilibrium of supply and demand [5] - There is a strong consensus among Wall Street analysts that NOA will report better earnings than previously predicted, with a 0.6% increase in the consensus EPS estimate over the last 30 days [7] Group 2 - NOA holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, suggesting a strong potential for a turnaround [8]

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 Viewpoint - Tutor Perini Corporation (TPC) has experienced a significant stock price increase of 64.1% over the past three months, outperforming the Zacks Building Products - Heavy Construction industry growth of 21.6% and the broader Construction sector's rise of 7.2% [1][2] Group 1: Company Performance - TPC has secured consistent contract wins, ending Q1 2025 with a record backlog of $19.4 billion, reflecting a year-over-year increase of 94% [10][7] - The company's revenues and earnings for Q1 2025 rose by 19% and 77% year-over-year, respectively, driven by higher-margin project execution [12][7] - EPS estimates for 2025 and 2026 have increased by 14.4% and 10.8% in the past 60 days, indicating strong market and project momentum [7][21] Group 2: Strategic Focus - Tutor Perini is focusing on executing higher-margin projects, which supports sustained growth and improved profitability [12][13] - The company has adopted a selective bidding process, allowing it to choose projects with favorable terms and limited competition [13][10] - Efficient capital allocation has led to a 24% reduction in total debt, from $534 million at the end of 2024 to $406 million as of March 31, 2025 [14][10] Group 3: Market Conditions - There is strong demand for TPC's services, driven by well-funded state, local, and federal customers planning large-scale infrastructure projects [15][22] - The company anticipates continued strong backlog in 2025, having already secured over $500 million in new awards in Q2 [11][10] - Tutor Perini has increased its 2025 EPS guidance to $1.60-$1.95, up from the previous range of $1.50-$1.90, with expectations for EPS in 2026 and 2027 to be more than double that of 2025 [16][22] Group 4: Valuation and Investment Potential - TPC's current valuation is attractive, trading at a forward 12-month P/E ratio of 18.17X, lower than the industry average of 18.81X [18][20] - The stock is also trading at a discount compared to peers like EMCOR and MasTec, which have P/E ratios of 19.28X and 24.87X, respectively [20][18] - The combination of consistent contract awards, a growing backlog, and a focus on higher-margin projects positions Tutor Perini favorably for long-term growth [22][23]