Canadian business news: Bird Construction Record Q3 Revenue hit $1.3 billion in the quarter ended September 30, with a record $13 billion in backlog and pending work, and the Mississauga builder is now raising its sights for 2027.
Bird Construction Record Q3 Revenue reached $1,300.9 million in the quarter ended September 30, 2026, up 36.7 percent from a year earlier. Adjusted EBITDA topped $100 million for the first time, net income jumped 61.2 percent, and combined backlog and pending backlog hit a record $13.0 billion.
By Maplestime News Desk | Winnipeg, Manitoba | November 12, 2026
Sources: Bird Construction, GlobeNewswire | Last updated: November 12, 2026
Key Takeaways
- Revenue jumped 36.7 percent: construction revenue reached $1,300.9 million, up from $951.4 million a year earlier, with almost 90 percent of the growth organic.
- Profit grew even faster: adjusted EBITDA hit $106.3 million, up 58.8 percent from $66.9 million, and the margin widened to 8.2 percent from 7.0 percent.
- Net income surged: net income reached $51.1 million, or $0.92 per share, up 61.2 percent from $31.7 million, or $0.57 per share. Adjusted earnings were $62.6 million, or $1.13 per share, up 77.0 percent.
- Record $13.0 billion backlog: combined backlog and pending backlog hit a record $13.0 billion, with backlog at $6.4 billion, up 27.7 percent, and pending backlog at $6.6 billion, up 31.4 percent, including almost $1.5 billion in recurring master service agreements.
- More work keeps landing: Bird added over $1.6 billion to backlog in the quarter, $3.8 billion so far this year, and announced $1.1 billion in new project awards and multiyear agreements after the quarter ended.
- Outlook raised: Bird raised its 2027 revenue outlook, though it did not disclose a revised target figure.
What drove the Bird Construction Record Q3 Revenue jump?
Growth came from almost every corner of the business. Bird said the gains were broad based and organic, with strong execution across its Industrial, Buildings and Infrastructure businesses. Significant awards in the quarter spanned nuclear, civil, marine, mine infrastructure, industrial and buildings work.
President and Chief Executive Officer Teri McKibbon put it plainly. “Bird delivered another record quarter, with broad-based organic growth and strong execution across our Industrial, Buildings and Infrastructure businesses driving significant growth in revenue and earnings, meaningful margin expansion, and strong Free Cash Flow generation.”
The margin story matters as much as the revenue. Adjusted EBITDA margin rose to 8.2 percent from 7.0 percent a year earlier, which means Bird kept more of every dollar it billed. That is the difference between a busy builder and a profitable one, and it showed up in the bottom line, with net income up 61.2 percent and adjusted earnings up 77.0 percent.
How big is Bird’s $13 billion backlog?
The headline number is the combined backlog and pending backlog of $13.0 billion, a record for the company. Inside that total, firm backlog stands at $6.4 billion, up 27.7 percent year over year, while pending backlog stands at $6.6 billion, up 31.4 percent. Almost $1.5 billion of the pending total is recurring master service agreements, the kind of steady work that keeps crews busy between big projects.
The pipeline kept growing through the quarter. Bird added over $1.6 billion to backlog in the three months, bringing the year to date total to $3.8 billion. Then, after the quarter ended, the company announced another $1.1 billion in new project awards and multiyear agreements, including industrial construction work supporting Ontario’s nuclear sector.
That nuclear work is worth watching. Ontario’s nuclear sector is a long cycle business, and industrial construction tied to it tends to run for years rather than months. It is the kind of backlog that gives a builder visibility well beyond the next quarter.
Related: PwC Real Estate Investor Confidence 2026 — Buying Intentions Hit A 15 Year High
The University of Toronto Mississauga campus. Institutional buildings are one of the sectors in Bird Construction’s $13 billion backlog. Photo: Wikimedia Commons, photographer and licence not confirmed
What does this mean for Ontario workers and builders?
The nine month numbers show this was not a one quarter blip. Revenue for the first nine months of 2026 reached $3,127.5 million, up 24.1 percent, and nine month net income reached $92.8 million, or $1.67 per share. A builder growing at that pace, with a record book of work behind it, is hiring, subcontracting and buying materials at scale.
For Ontario, the signal is in the mix. The awards span industrial, buildings and infrastructure, and the new work after quarter end includes industrial construction for the province’s nuclear sector. When a Mississauga builder raises its 2027 revenue outlook on the back of a $13 billion book, it is betting the work keeps coming.
Bird holds its earnings call and webcast today, November 12, at 10:00 a.m. ET, where analysts will press for detail on the 2027 outlook and on how much of that $13 billion converts into revenue next year.
Frequently Asked Questions
How much revenue did Bird Construction report for Q3 2026?
Construction revenue reached $1,300.9 million in the quarter ended September 30, 2026, up 36.7 percent from $951.4 million a year earlier, with almost 90 percent of the growth organic.
How large is Bird Construction’s backlog?
Combined backlog and pending backlog hit a record $13.0 billion. Firm backlog is $6.4 billion, up 27.7 percent year over year, and pending backlog is $6.6 billion, up 31.4 percent, including almost $1.5 billion in recurring master service agreements.
Did Bird raise its outlook for 2027?
Yes. Bird raised its 2027 revenue outlook alongside the record third quarter results, though it did not disclose a revised target figure.
A tower crane over a building under construction. Photo: Wikimedia Commons, photographer and licence not confirmed
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Bird just booked $13 billion of work while most builders are still waiting for the phone to ring. Is this the start of a real construction boom, or one company pulling away from the pack? Tell us in the comments. And share this with every Canadian watching the building trades.
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