Q: Can I please get your opinion of Bird Construction's (BDT) recent reported results. Thanks
Dave
Dave
5i Research Answer:
EPS of 69c beat estimates of 68c; Revenue of $898M missed estimates of $962.4M. EBITDA of $70M beat estimates by 2.6%. Some profit-taking on the stock kicked in after its double this year. Revenue was less than anticipated due to 'minor delays' in starting some new projects, pushing revenue into early 2025. Earnings still rose year over year. Backlog rose $1.3B to $3.8B. A bit disappointing, but not a crisis here.