Bird Construction Inc. Announces 2024 Second Quarter Financial Results
Bird Construction Inc. Announces 2024 Second Quarter Financial Results
MISSISSAUGA, Ontario, Aug. 07, 2024 (GLOBE NEWSWIRE) -- "Bird's continued momentum through the second quarter, with over 27% revenue growth and further margin accretion, is a direct result of the Company's strategy, strong team and the quality of our collaborative work programs and Backlog. Our strategic focus on key sectors, coupled with strong execution and disciplined project selection is driving performance, and supports our expectations for continued growth and margin expansion through the remainder of 2024 and beyond," stated Teri McKibbon, President and CEO of Bird Construction. "Bird's recently announced acquisition of Jacob Bros Construction adds another catalyst for growth and profitability. With top tier leadership, a strong team and deep relationships in the British Columbia infrastructure market, we are excited by the new opportunities this partnership will bring."
Bird Construction於2024年8月7日發表了一份新聞稿稱:“Bird在第二季度保持了持續增長的勢頭,營業收入增長超過27%,進一步提高了利潤率,這是公司戰略、強大的團隊以及我們協作工作計劃和備貨質量的直接結果。我們致力於關鍵領域的戰略重點,加上強有力的執行力和紀律嚴明的項目選擇驅動業績,並支持我們對2024年餘下時間以及未來持續增長和利潤率擴張的期望,”Bird Construction總裁兼首席執行官Teri McKibbon表示:“Bird最近宣佈收購Jacob Bros Construction,將爲增長和盈利提供另一個催化劑。憑藉一流的領導團隊、強大的團隊和對不列顛哥倫比亞省基礎設施市場的深厚關係,我們對這種合作帶來的新機會感到興奮。”
FINANCIAL HIGHLIGHTS
財務亮點
Bird's second quarter continued to deliver substantial revenue and earnings growth, with the Company executing record-high volumes of work in the quarter, and delivering earnings growth that continued to significantly outpace revenue growth. The Company maintained near-record Backlog levels at quarter end, securing over $822 million of new work during the quarter, and added over $304 million to Pending Backlog, which continues to include almost $0.9 billion of recurring revenue contracts. The record levels of combined backlog reflect Bird's reputation as a go-to partner for collaborative delivery of sophisticated, complex projects, and support the Company's outlook for significant revenue and earnings growth for the remainder of 2024 and beyond.
Bird的第二季度繼續提供了大量的營收和盈利增長,公司在這一季度執行了創紀錄的工作量,並實現了盈利增長繼續顯著超越營收增長。該公司在季末保持了接近創紀錄的訂單額,其中在該季度獲得了超過82200萬加元的新訂單,並向待定訂單中添加了超過30400萬加元,這些訂單繼續包括近9億加元的循環營收合同。 綜合訂單創紀錄的水平反映了Bird作爲複雜項目合作交付的首選合作伙伴的聲譽,並支持公司對2024年餘下時間和未來顯着營收和盈利增長的前景。
Second Quarter 2024 compared to Second Quarter 2023
2024年第二季度相對於2023年第二季度
- Construction revenue of $873.5 million earned in the quarter compared to $686.4 million earned in the prior year quarter, representing a 27% increase year-over-year.
- Net income and earnings per share were $21.4 million and $0.40 in Q2 2024, compared to $13.7 million and $0.26 in Q2 2023, representing increases of 56%.
- Adjusted Earnings1 and Adjusted Earnings Per Share were $22.7 million and $0.42 in Q2 2024, compared to $15.7 million and $0.29 in Q2 2023, representing increases of 45%.
- Adjusted EBITDA1 of $46.6 million, or 5.3% of revenues, compared to $29.5 million, or 4.3% of revenues in Q2 2023, representing an increase of 58%.
- 季度製造行業壓力位爲87350萬加元,相比上年同期的68640萬加元增長了27%。
- 在2024年第2季度,淨收入和每股收益爲2140萬加元和0.40加元,而在2023年第2季度,淨收入和每股收益則分別爲1370萬加元和0.26加元,增長了56%。
- 調整後的收益爲2270萬加元,每股盈利0.42加元,在2024年第二季度,而在2023年第2季度,調整後的收益和調整後的每股收益分別爲1570萬加元和0.29加元,增長了45%。
- 調整後的EBITDA達到4660萬加元,即5.3%的營收,而2023年第二季度則爲2950萬加元,即營收的4.3%,增長了58%。
Year-to-Date 2024 compared to Year-to-Date 2023
2024年年初至今相對於2023年年初至今
- Construction revenue of $1,561.7 million was earned in 2024, compared to $1,222.9 million in 2023, representing a 28% increase year-over-year.
- Net income and earnings per share for the year were $31.4 million and $0.58, compared to $18.9 million and $0.35 in 2023, representing increases of 66%.
- Adjusted Earnings1 and Adjusted Earnings Per Share were $33.3 million and $0.62 in 2024, compared to $21.0 million and $0.39 in the prior year, representing increases of 59%.
- Adjusted EBITDA1 for 2024 was $70.7 million, or 4.5% of revenues, compared to $45.5 million, or 3.7% of revenues in 2023, representing an increase of 55%.
- 2024年製造行業壓力位爲156170萬加元,相比2014年的122290萬加元增長了28%。
- 2024年年度淨收入和每股收益分別爲3140萬加元和0.58加元,而2023年則分別爲1890萬加元和0.35加元,增長了66%。
- 調整後的收益爲3330萬加元,每股盈利0.62加元,在2024年,而在2014年,調整後的收益和調整後的每股收益分別爲2100萬加元和0.39加元,增長了59%。
- 2024年調整後的EBITDA爲7070萬加元,即營收的4.5%,而2023年則爲4550萬加元,即營收的3.7%,增長了55%。
1 This News Release contains terminology and financial measures that do not have standard meanings under IFRS and may not be comparable with similar measures presented by other companies. Further information regarding these measures can be found in the "Terminology and Non-GAAP & Other Financial Measures" section of this News Release.
新聞稿中包含的術語和財務措施在IFRS下沒有標準意義,可能與其他公司呈現的類似措施不可比較。有關這些措施的更多信息,請參見此新聞稿的“術語和非GAAP及其他財務措施”部分。
Financial Results | |||||||||
(in thousands of Canadian dollars, except per share amounts) | |||||||||
Three months ended June 30, |
Six months ended June 30, |
||||||||
2024 | 2023 | 2024 | 2023 | ||||||
Construction revenue | $ | 873,541 | $ | 686,415 | $ | 1,561,741 | $ | 1,222,874 | |
Net income | 21,399 | 13,714 | 31,383 | 18,863 | |||||
Basic and diluted earnings per share | 0.40 | 0.26 | 0.58 | 0.35 | |||||
Adjusted Earnings Per Share | 0.42 | 0.29 | 0.62 | 0.39 | |||||
Adjusted EBITDA1 | 46,562 | 29,457 | 70,746 | 45,539 | |||||
Cash flows from operations before changes in non-cash working capital | $ | 47,477 | $ | 28,831 | $ | 78,665 | $ | 46,459 | |
(1)Adjusted EBITDA is a non-GAAP financial measure. See "Terminology and Non-GAAP & Other Financial Measures." |
財務結果 | |||||||||
(以加元爲單位,除每股數外) | |||||||||
截至三個月結束時 2020年6月30日 |
截至2022年6月30日的六個月 2020年6月30日 |
||||||||
2024 | 2023 | 2024 | 2023 | ||||||
製造行業壓力位 | $ | 873,541 | $ | 686,415 | $ | 1,561,741 | $ | 1,222,874 | |
淨收入 | 21,399 | 13,714 | 31,383 | 18,863 | |||||
基本和稀釋每股收益 | 0.40 | 0.26 | 0.58 | 0.35 | |||||
調整後的每股收益 | 0.42 | 0.29 | 0.62 | 0.39 | |||||
調整後的EBITDA1 | 46,562 | 29,457 | 70,746 | 45,539 | |||||
經營活動產生的現金流量淨額(調整爲非現金運營資本變動前) | $ | 47477 | $ | 28,831 | $ | 78,665 | $ | 46,459 | |
(1)調整後的EBITDA是一項非GAAP財務指標。請參閱“術語表和非GAAP及其他財務指標”。 |
HIGHLIGHTS
亮點
- Bird continued to deliver significant revenue growth in the second quarter of 2024, with over 90% of the 27% growth from organic sources. Year over year revenue growth also benefited from NorCan, acquired on January 18, 2024.
- The Company's margin profiles in the second quarter of 2024 continued to improve compared to the prior year, with Gross Profit Percentage increasing to 8.6% compared to 7.9%, and Adjusted EBITDA Margin increasing to 5.3% from 4.3%.
- Bird added over $822 million in securements to its Backlog in the second quarter ($1.5 billion year-to-date), maintaining near-record Backlog levels of $3.4 billion at June 30, 2024. Pending Backlog of work awarded but not yet contracted grew 10% in the second quarter (22% year-to-date) to $3.7 billion, and continues to include almost $900 million of MSA and other recurring revenue to be earned over the next six years.
- Operational cash flow generation was strong in the quarter, generating $47.5 million before investments in non-cash working capital, a 65% increase over the $28.8 million generated in the second quarter of 2023. Increased investment in non-cash working capital was driven by the Company's significant growth in the quarter, a higher proportion of self perform work executed and timing differences.
- On June 10, 2024 Bird announced that it had entered into an agreement to acquire British Columbia based Jacob Bros Construction ("Jacob Bros") for estimated aggregate consideration of $135 million consisting of the issuance of 1.49 million Bird common shares, $97.2 million in cash, and the assumption of approximately $4.0 million of equipment debt. Jacob Bros is a privately-owned civil infrastructure construction business with significant self-perform capability serving both public and private clients, and has a strong, people-first culture that aligns with Bird's own. Jacob Bros specializes in civil infrastructure construction across a wide array of projects, such as airports, seaports, rail, bridges and structures, earthworks, energy projects, and utilities. Additionally, Jacob Bros delivers expertise in specialized projects that require innovative, purpose-built, custom solutions that leverage their suite of comprehensive services. The acquisition was completed on August 1, 2024.
- In connection with the announcement of the Jacob Bros acquisition, the Company amended its Syndicated Credit Facility, extending the maturity to December 15, 2027, expanding the size of the revolving facility to $300.0 million, and adding the availability of a new $125.0 million term loan facility which was used to repay existing term loan facilities and fund a portion of the Jacob Bros cash consideration. In addition, the Company expanded the non-committed accordion feature to $100.0 million.
- During the second quarter of 2024, the Company announced that it was awarded five projects with a total combined value of over $625 million. These projects include multi-year mine infrastructure work in Eastern Canada and three long term care projects and a multi-building institutional project in Western Canada.
- The Board has declared eligible dividends of $0.0467 per common share for each of August 2024, September 2024 and October 2024.
- Bird在2024年第二季度繼續實現顯著的營業收入增長,其中超過90%的27%增長來自有機來源。同比收入增長也受益於NorCan,NorCan於2024年1月18日收購。
- 公司在2024年第二季度的毛利潤率和調整後的EBITDA利潤率繼續改善,毛利率從7.9%上升至8.6%,調整後的EBITDA利潤率從4.3%上升至5.3%。
- Bird在第二季度的回頭訂單中增加了超過82200萬美元(截至2024年6月30日,年初至今爲15億美元),維持着接近記錄的回頭訂單水平,即截至2024年6月30日爲34億美元。已頒發但尚未簽訂合同的待處理訂單在第二季度增長了10%(年初至今爲22%),達到37億美元,並仍包括將在未來六年內獲得的近9000萬美元的MSA和其他重複收入。
- 本季度的運營現金流產生強勁,產生4750萬美元的非現金流動資產投資,比2023年第二季度產生的2880萬美元增長了65%。非現金流動資本的增加是由公司在本季度的顯著增長、更高比例的自主資源執行和時間差異驅動的。
- 2024年6月10日,Bird宣佈已達成協議,以約13500萬美元的估值收購總部位於不列顛哥倫比亞省的Jacob Bros Construction(“Jacob Bros”),其中包括髮行149萬股Bird普通股、9720萬美元現金和約400萬美元的設備債務承擔。Jacob Bros是一傢俬人所有的民用基礎設施建設企業,具有顯著的自主執行能力,爲公共和私人客戶服務,並且擁有與Bird相似的強人文化。Jacob Bros專業從事各種項目的民用基礎設施建設,如機場、海港、鐵路、橋樑、結構、土木工程、能源項目和公用事業。此外,Jacob Bros還提供專業項目方面的專業知識,需要創新、目的地定製、定製解決方案,利用其綜合服務套件。該收購於2024年8月1日完成。
- 與Jacob Bros收購的公告相關,公司修訂了其銀團信貸設施,將到期日延長至2027年12月15日,將循環設施的規模擴大至3億美元,並增加了一個新的12500萬美元的有期限貸款設施,該設施用於償還現有的有期限貸款設施並資助部分Jacob Bros的現金支付。此外,公司將非承諾的手風琴特性擴大至1億美元。
- 2024年第二季度,公司宣佈獲得了總價值超過62500萬美元的五個項目。這些項目包括加拿大東部的多年礦山基礎設施工作,以及加拿大西部的三個長期護理項目和一個多棟機構項目。
- 董事會已宣佈每股普通股的股息獲得資格,股息爲2024年8月、9月和10月每股0.0467美元。
CONFERENCE CALL AND WEBCAST
電話會議和網絡研討會
Bird will host an investor webcast to discuss the quarterly results on Thursday, August 8, 2024 at 10:00 a.m. ET, to discuss the Company's results. Analysts and investors may connect to the webcast at . They may also dial 1-844-763-8274 for audio only or to enter the question queue; attendees are asked to be on the line 10 minutes prior to the start of the call. The presentation can also be found on our website at .
Bird將於2024年8月8日星期四上午10:00舉行投資者網絡研討會,討論公司的季度業績。分析師和投資者可以在此處連接網絡研討會。他們也可以撥打1-844-763-8274進行僅音頻討論或進入問題隊列;參會者應在通話開始前10分鐘進入線路。演示文稿也可在我們的網站上找到,網址爲 .
The Company's financial statements and Management's Discussion & Analysis ("MD&A") will be filed and available on the System for Electronic Document Analysis and Retrieval ("SEDAR+") at and on the Company's website at .
公司的財務報表和管理層討論與分析(“MD&A”)將在Electronic Document Analysis and Retrieval System(“SEDAR+”)上進行備份並提供,最近報告期爲截至2024年6月30日,準備於2024年8月7日。該文件可在Bird的SEDAR+個人資料中找到,網址爲 2024年8月2日上午9點(東部時間),DPm將舉行電話會議和音頻網絡研討會,討論業績結果,並進行問答環節。請提前註冊以獲取撥號信息和個人識別碼,參加電話會議。具體請參見以下表格中的鏈接。.
TERMINOLOGY AND NON-GAAP & OTHER FINANCIAL MEASURES
術語表和非GAAP及其他財務指標
Throughout this News Release, certain terminology and financial measures are used that do not have standard meanings under IFRS and are considered specified financial measures. These include non-GAAP financial measures, non-GAAP financial ratios, and supplementary financial measures. These measures may not be comparable with similar measures presented by other companies. Further information on these financial measures can be found in the "Terminology and Non-GAAP & Other Financial Measures" section in Bird's most recently filed Management's Discussion & Analysis for the period ended June 30, 2024, prepared as of August 7, 2024. This document is available on Bird's SEDAR+ profile, at and on the Company's website at .
在本新聞稿中,使用某些術語和財務指標,這些指標在IFRS下不具有標準含義,被認爲是指定的財務指標。這些包括非GAAP財務指標、非GAAP財務比率和補充財務指標。這些措施可能與其他公司呈現的類似措施不可比。有關這些財務措施的更多信息可以在Bird的最新文件中找到,其管理層討論和分析截至2024年6月30日,編制於2024年8月7日。 2024年8月2日上午9點(東部時間),DPm將舉行電話會議和音頻網絡研討會,討論業績結果,並進行問答環節。請提前註冊以獲取撥號信息和個人識別碼,參加電話會議。具體請參見以下表格中的鏈接。.
"Backlog" is the total value of all contracts awarded to the Company, less the total value of work completed on these contracts as of the date of the most recently completed quarter. The Company's Backlog equates to the Company's remaining performance obligations as at June 30, 2024 and December 31, 2023.
“回頭訂單”是指到目前爲止完成的所有合同的總價值減去該日期最近完成的季度工作的總價值。公司的回頭訂單相當於截至2024年6月30日和2023年12月31日時公司的剩餘履行義務。
"Adjusted Earnings" and "Adjusted EBITDA" are non-GAAP financial measures. "Adjusted Earnings Per Share" and "Adjusted EBITDA margin" are non-GAAP financial ratios. "Pending Backlog" is a supplementary financial measure.
“調整後的收益”和“調整後的EBITDA”是非GAAP財務指標。“調整後的每股收益”和“調整後的EBITDA利潤率”是非GAAP財務比率。“待處理訂單”是補充財務指標。
Adjusted Earnings and Adjusted EBITDA are reconciled as follows:
調整後的收益和調整後的EBITDA的調整如下:
Adjusted Earnings:
調整後的收益:
Three months ended June 30, |
Six months ended June 30, |
||||||||||||
(in thousands of Canadian dollars, except per share amounts) | 2024 | 2023 | 2024 | 2023 | |||||||||
Net income | $ | 21,399 | $ | 13,714 | $ | 31,383 | $ | 18,863 | |||||
Add: Acquisition and integration costs | 1,759 | 1,161 | 2,543 | 1,323 | |||||||||
Add: Impairment of assets | — | 1,430 | — | 1,430 | |||||||||
Income tax effect of the above costs | (430) | (625) | (622) | (664) | |||||||||
Adjusted Earnings | $ | 22,728 | $ | 15,680 | $ | 33,304 | $ | 20,952 | |||||
Adjusted Earnings Per Share(1) | $ | 0.42 | $ | 0.29 | $ | 0.62 | $ | 0.39 | |||||
Notes: | |||||||||||||
(1)Restructuring costs as defined in accordance with IFRS. | |||||||||||||
(1)Calculated as Adjusted Earnings divided by basic weighted average shares outstanding. |
截至三個月結束時 2020年6月30日 |
截至2022年6月30日的六個月 2020年6月30日 |
||||||||||||
(金額爲加元數,除每股數外) | 2024 | 2023 | 2024 | 2023 | |||||||||
淨收入 | $ | 21,399 | $ | 13,714 | $ | 31,383 | $ | 18,863 | |||||
增加:收購和整合成本 | 1,759 | 1,161 | 2,543 | 1,323 | |||||||||
增加:資產減值 | — | 1,430 | — | 1,430 | |||||||||
上述成本所得稅影響 | (430) | (625) | (622) | (664) | |||||||||
調整後的收益 | $ | 22,728 | $ | 15,680美元。 | $ | 33,304 | $ | 20,952 | |||||
調整後的每股收益(1) | $ | 0.42 | $ | 0.29 | $ | 0.62 | $ | 0.39 | |||||
注意: | |||||||||||||
(1)按IFRS定義的重組成本. | |||||||||||||
(1)計算爲調整後收益除以基本加權平均股數. |
Adjusted EBITDA:
調整後的EBITDA:
Three months ended June 30, |
Six months ended June 30, |
||||||||||||
(in thousands of Canadian dollars, except percentage amounts) | 2024 | 2023 | 2024 | 2023 | |||||||||
Net income | $ | 21,399 | $ | 13,714 | $ | 31,383 | $ | 18,863 | |||||
Add: Income tax expense | 7,104 | 4,087 | 10,458 | 5,671 | |||||||||
Add: Depreciation and amortization | 12,919 | 8,112 | 22,253 | 15,947 | |||||||||
Add: Finance and other costs | 5,303 | 3,187 | 8,691 | 5,979 | |||||||||
Less: Finance and other income | (1,778) | (1,516) | (3,457) | (2,687) | |||||||||
Add: (Gain)/loss on sale of property and equipment | (144) | (718) | (1,125) | (987) | |||||||||
Add: Acquisition and integration costs | 1,759 | 1,161 | 2,543 | 1,323 | |||||||||
Add: Impairment of assets | — | 1,430 | — | 1,430 | |||||||||
Adjusted EBITDA | $ | 46,562 | $ | 29,457 | $ | 70,746 | $ | 45,539 | |||||
Adjusted EBITDA Margin(1) | 5.3% | 4.3% | 4.5% | 3.7% | |||||||||
(1)Calculated as Adjusted EBITDA divided by revenue. |
截至三個月結束時 2020年6月30日 |
截至2022年6月30日的六個月 2020年6月30日 |
||||||||||||
(以加元爲單位,除百分比數外) | 2024 | 2023 | 2024 | 2023 | |||||||||
淨收入 | $ | 21,399 | $ | 13,714 | $ | 31,383 | $ | 18,863 | |||||
加:所得稅費用 | 7,104 | 4,087 | 10458 | 5,671 | |||||||||
加:折舊與攤銷 | 12,919 | 8112 | 22,253 | 15,947 | |||||||||
增加:融資和其他成本 | 5,303 | 3,187 | 8,691 | 5,979 | |||||||||
減去:融資和其他收益 | (1,778) | (1,516) | (3,457) | (2,687) | |||||||||
增加:(出售房地產和設備的收益)/損失 | (144) | (718) | (1,125) | (987) | |||||||||
增加:收購和整合成本 | 1,759 | 1,161 | 2,543 | 1,323 | |||||||||
增加:資產減值 | — | 1,430 | — | 1,430 | |||||||||
調整後的EBITDA | $ | 46,562 | $ | 29,457 | $ | 70,746 | $ | 45,539 | |||||
調整後EBITDA利潤率(1) | 5.3% | 4.3% | 4.5% | 3.7% | |||||||||
(1)計算爲調整後的EBITDA除以收入. |
FORWARD-LOOKING INFORMATION
前瞻性信息
This news release contains forward-looking statements and information ("forward-looking statements") within the meaning of applicable Canadian securities laws. The forward-looking statements contained in this news release are based on the expectations, estimates and projections of management of Bird as of the date of this news release unless otherwise stated. The use of any of the words "believe", "expect", "anticipate", "contemplate", "target", "plan", "intend", "continue", "may", "will", "should" and similar expressions are intended to identify forward-looking statements and information. More particularly and without limitation, this news release contains forward-looking statements concerning: anticipated financial performance; the outlook for 2024; expectations for Adjusted EBITDA Margins in 2024 and beyond; dividend rates, their sustainability, and expected dividend payout ratios; expectations with respect to anticipated revenue growth and seasonality, growth in earnings, cash flow, earnings per share and adjusted EBITDA in 2024 and beyond, and margin improvements; the ability of the Company to further leverage its cost structure; the Company's ability to capitalize on opportunities and grow profitably; the robustness of near to medium term demand in core markets; future opportunities related to the acquisition of Jacob Bros; expectations regarding the Jacob Bros acquisition impact to Bird's business, anticipated financial performance of Jacob Bros and its impact to the Company's operations and financial performance, including the anticipated accretive value to Bird, the sufficiency of working capital and liquidity to support growth and finance future capital expenditures; and with respect to Bird's ability to convert Pending Backlog to Backlog and the timing of conversions.
本新聞稿包含前瞻性陳述和信息("前瞻性陳述"),根據適用加拿大證券法的意義而言。除非另有說明,本新聞稿中包含的前瞻性陳述是建立在Bird管理層對於本新聞稿日期的預期、估計和投射之上。使用任何"相信"、"期望"、"預計"、"考慮"、"目標"、"計劃"、"意圖"、"繼續"、"可能"、"將"、"應當"或類似表達的漢語詞語均爲了識別前瞻性陳述和信息。更加詳細地且不作爲限制,本新聞稿中的前瞻性陳述涉及以下方面:預期的財務表現;2024年的展望;預期在2024年及以後的調整後的EBITDA毛利率;分紅率、分紅可持續性和預期的分紅支付比率;預期的收入增長和季節性、收益增長、現金流量、每股盈利和調整後的EBITDA,以及利潤率的改善;公司進一步利用其成本結構的能力;公司能夠利用機會並實現盈利增長的能力;核心市場需求的中長期強勁性;與Jacob Bros的收購相關的未來機會;對於Jacob Bros收購對Bird業務的影響的預期, Jacob Bros的預期財務表現以及其對公司業務和財務績效的影響,包括對Bird的預期增值價值,支持增長和爲未來的資本支出提供資金流的充分性;以及Bird能否將待處理訂單轉換爲訂單,以及轉換的時間。
Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to the risks associated with the industries in which the Company operates in general such as: the ability to hire and retain qualified and capable personnel, maintaining safe work sites, economy and cyclicality, ability to secure work, performance of subcontractors, accuracy of cost to complete estimates, estimating costs and schedules/assessing contract risks, adjustments and cancellations of Backlog, global pandemics, joint venture risk, information systems and cyber-security risk, litigation/potential litigation, work stoppages, strikes and lockouts, acquisition and integration risk, competitive factors, potential for non-payment, climate change risks and opportunities, access to capital, quality assurance and quality control, design risks, insurance risk, access to surety support and other contract security, completion and performance guarantees, ethics and reputational risk, compliance with environmental laws, and internal and disclosure controls.
由於前瞻性陳述涉及未來事件和情況,因此它們本質上涉及固有的風險和不確定性。投資者應該注意,前瞻性陳述是基於管理層在發表該陳述的日期認爲合理的意見、假設和估計,並且由於許多因素和風險的影響,實際結果可能與目前的期望產生重大差異。這些因素和風險包括:公司總體所處行業可能面臨的風險,如:能夠僱用和留住合格和能幹的人員;維護安全的工作場所;經濟和週期性;獲得工作的能力;分包商的表現,完成預算估計的準確性,評估合同風險,調整和取消待處理訂單,全球大流行病,合資企業風險,信息系統和網絡安全風險,訴訟/潛在訴訟,工作停止,罷工和停工,收購和整合風險,競爭因素,潛在的無法支付,氣候變化風險和機遇,獲取資金的能力,質量保證和質量控制、設計風險、保險風險、確定性保證和其他合同保障,完成和履行保證,道德和聲譽風險,遵守環境法規,以及內部和披露控制。
Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on other factors that could affect the operations or financial results of the parties, and the combined company are included in reports on file with applicable securities regulatory authorities, including but not limited to; Bird's Annual Information Form and Management's Discussion and Analysis for the year ended December 31, 2023, each of which may be accessed on Bird's SEDAR+ profile, at and on the Company's website at .
讀者應注意,上述風險因素列表不是詳盡無遺的。其他可能會影響各方運營或財務結果,以及合併公司的其他因素的詳細信息,均包含於適用的證券監管機構文件中。包括但不限於:Bird的2023年年度信息表和管理層討論與分析報告,這些報告可在Bird的SEDAR+檔案中訪問,並可在公司網站上進行查閱。
The forward-looking statements contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as, and to the extent required by applicable securities laws.
本新聞稿中包含的前瞻性陳述是自本日起做出的,公司沒有義務 在不屬於、也沒有必要的情況下 對其進行公開更新或修訂任何前瞻性陳述,無論是因爲出現新信息、未來事件或其他原因,除非適用證券法具體規定要求併到達所要求範圍的程度。
The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.
多倫多證券交易所對此發佈的充分性或準確性不承擔任何責任。
For further information, please contact:
如需更多信息,請聯繫:丹·努恩(Dan Noone)
T.L. McKibbon, President & CEO or
W.R. Gingrich, CFO
Bird Construction Inc.
5700 Explorer Drive, Suite 400
Mississauga, ON L4W 0C6
Phone: (905) 602-4122
T.L. McKibbon,主席兼首席執行官或
W.R. Gingrich,首席財務官
Bird Construction Inc.
5700 Explorer Drive,套房400
Mississauga,ON L4W 0C6
電話:(905)602-4122
ABOUT BIRD CONSTRUCTION
關於Bird CONSTRUCTION
Bird (TSX: BDT) is a leading Canadian construction and maintenance company operating from coast-to-coast-to-coast. Servicing all of Canada's major markets through a collaborative, safety-first approach, Bird provides a comprehensive range of construction services, self-perform capabilities, and innovative solutions to the industrial, buildings, and infrastructure markets. For over 100 years, Bird has been a people-focused company with an unwavering commitment to safety and a high level of service that provides long-term value for all stakeholders.
Bird(TSX:BDT)是一家領先的加拿大建築和維護公司,從海岸到海岸提供服務。Bird通過採用合作、安全第一的方式服務於所有加拿大主要市場,爲工業、建築和基礎設施市場提供全方位的建築服務、自主完成能力和創新解決方案。一個以人爲本的公司,超過100年以來一直致力於安全,並提供長期價值給所有利益相關者。
譯文內容由第三人軟體翻譯。
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