Bird Construction Achieves TSX30 Recognition and Index Inclusion

Bird Construction Celebrates TSX30 Recognition

Bird Construction Inc. is thrilled to announce that it has been recognized as a 2024 TSX30™ winner, a prestigious accolade awarded by the Toronto Stock Exchange (TSX). This honor reflects the company's standout performance and exemplary leadership within the Canadian construction sector. It highlights Bird’s continuous efforts to provide quality services and value to its clients.

The Journey to the TSX30 Recognition

The TSX30™ ranking annually showcases the top 30 performing companies on the TSX, based on a comprehensive assessment of dividend-adjusted share price performance over a three-year timeline. Bird Construction's remarkable rise to the 7th position in this ranking is attributed to a 245% boost in its dividend-adjusted share price and a 209% increase in market capitalization within that period.

Inclusion in the S&P/TSX Composite Index

On top of the TSX30 recognition, Bird's common shares will now be included in the S&P/TSX Composite Index. This significant development, effective prior to the market open on a Monday, underscores the strength and stability of the company as a leading player in the construction industry.

The Significance of the S&P/TSX Composite Index

The S&P/TSX Composite Index is maintained by S&P Dow Jones Indices and serves as the primary benchmark for Canadian equity markets. Inclusion in this index allows Bird Construction to enhance its market visibility and extends its investor outreach significantly. This marks a pivotal moment for the company as it takes strides toward broader market representation.

Leadership Comments on the Achievements

Expressing her excitement regarding these milestones, Teri McKibbon, President and CEO of Bird Construction, stated, "We are honoured to be named among the top 30 companies on the TSX in 2024 and to join the S&P/TSX Composite Index. This achievement is a testament to the dedication of our exceptional team, the trust our clients place in us, and our commitment to our long-term strategic vision."

Commitment to Sustainable Growth

McKibbon further emphasized that the company's focus remains steadfast on sustainable growth, enhancing profit margins, and ensuring robust returns for its shareholders. Bird Construction’s dedication to innovation and quality services will continue to drive its success.

About Bird Construction Inc.

Bird is recognized as a leading Canadian construction and maintenance firm with operations across the country. With over 100 years of experience, the company serves all major markets in Canada. Bird prides itself on a collaborative approach that prioritizes safety and emphasizes delivering comprehensive construction services, self-perform capabilities, and forward-thinking solutions in the industrial, buildings, and infrastructure sectors.

Community and Stakeholder Engagement

As a people-centric company, Bird Construction is dedicated to creating long-term value for all stakeholders while maintaining a high level of safety and service. This growth story is not just about financial metrics; it’s about the relationships and trust built over a remarkable career in construction.

Frequently Asked Questions

What is TSX30?

TSX30 is an annual ranking that highlights the top 30 performing companies on the Toronto Stock Exchange based on their dividend-adjusted share price performance.

Why is Bird Construction's recognition significant?

Bird Construction's recognition reflects its exceptional growth and leadership in the construction industry, making it a leading competitor in the market.

What does the S&P/TSX Composite Index include?

The S&P/TSX Composite Index includes the largest and most liquid companies in the Canadian equity markets, acting as the primary benchmark for Canadian equities.

Who is the CEO of Bird Construction?

Teri McKibbon is the current President and CEO of Bird Construction Inc.

How long has Bird Construction been in operation?

Bird Construction has been operating for over 100 years, establishing itself as a key player in the Canadian construction sector.

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