The following is a summary of the Bird Construction Inc. (BIRDF) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Bird Construction reported a 28% revenue growth, executing almost $700 million of work in Q1, setting a trailing 12 months revenue at almost $3 billion.

• The reported adjusted EBITDA improved to $24 million, or 3.5% of revenue, marking a 3% increase from Q1 2023.

• Bird Construction reported a net income of $10 million and earnings per share of $0.19.

• The company increased their cash flow from operations and the company's backlog, adding $700 million to the backlog in the first quarter.

Business Progress:

• The company's future growth is predicted to be driven primarily by energy transition, population growth, infrastructure modernization, and sectors critical to these areas.

• Bird has entered into an alliance agreement with Metrolinx to deliver the East Harbor Transit Hub in Toronto, demonstrating their emphasis on collaborative project delivery.

• Bird Construction's growth and diversification continue, capitalizing on their reputation for delivering complex projects across key sectors and pursuing M&A opportunities.

• The company plans to retain over two-thirds of net income for growth post-2024, balancing financial strength, expansion, and shareholder returns.

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