Bird Construction reported third-quarter revenue growth of 37% year over year. Management said in earnings releases reported by GlobeNewswire that execution across diversified master service agreements and complex collaborative contracting frameworks drove the increase. Leadership highlighted adjusted EBITDA crossing $100 million in the quarter. Nine-month adjusted EBITDA reached $217.3 million, or 6.9% of revenue, compared with $155.9 million and a 6.2% margin in 2025. Bird Construction said heavy civil and green energy infrastructure installations drove margin expansion, and high-margin contracts filled capacity.
Bird Construction continued to secure multi-year collaborative project agreements across clean energy corridors and mineral processing plants. Collaborative and alliance contracting structures now represent the majority of Bird Construction’s active backlog. Bird Construction management deliberately de-emphasized rigid lump-sum competitive tenders in favor of progressive design-build frameworks that incorporate inflation indexing clauses. Bird Construction said the transition mitigated volatile input costs and protected margins. Bird Construction’s client retention rates remained high.
The board of directors raised Bird Construction’s forward 2027 financial outlook. As of September 30, Bird Construction held liquidity reserves and conservative balance sheet leverage. Bird Construction management affirmed plans for continuous dividend growth and discretionary share buybacks. Bird Construction’s operational acceleration was supported by smooth progression on major industrial manufacturing hubs. Bird Construction’s prior non-cash warrant amortizations related to customer agreements were fully absorbed without impacting core cash generation. Bird Construction’s free cash flow remained resilient.
Bird Construction secured extensive collaborative contracting structures with key industrial clients. Bird Construction’s collaborative agreements establish transparent target costs with shared gain-and-loss provisions. Bird Construction’s collaborative agreements protect contractor balance sheets from sudden inflationary surges in structural steel, concrete, and electrical cabling.
