Bird Construction (TSE:BDT) Full Year 2023 Results
Key Financial Results
- Revenue: CA$2.80b (up 18% from FY 2022).
- Net earnings: CA$71.5m (up 44% from FY 2022).
- Profit margin: 2.6% (up from 2.1% in FY 2022). The enhance in margin was pushed by larger income.
- EPS: CA$1.33 (up from CA$0.93 in FY 2022).
All figures proven within the chart above are for the trailing 12 month (TTM) interval
Bird Construction Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) additionally surpassed analyst estimates by 2.7%.
In the final 12 months, the one income section was General Contracting Sector of The Construction Industry contributing CA$2.80b. Notably, cost of gross sales value CA$2.56b amounted to 91% of whole income thereby underscoring the affect on earnings. The largest working expense was General & Administrative prices, amounting to CA$153.6m (91% of whole bills). Explore how BDT’s income and bills form its earnings.
Looking forward, income is forecast to develop 9.1% p.a. on common in the course of the subsequent 2 years, in comparison with a 1.9% progress forecast for the Construction business in Canada.
Performance of the Canadian Construction business.
The firm’s shares are up 7.3% from per week in the past.
Risk Analysis
What about dangers? Every firm has them, and we have noticed 1 warning signal for Bird Construction it is best to learn about.
Valuation is advanced, however we’re serving to make it easy.
Find out whether or not Bird Construction is probably over or undervalued by testing our complete evaluation, which incorporates honest worth estimates, dangers and warnings, dividends, insider transactions and monetary well being.
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