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Financial Performance Overview: Bird Construction Inc reported a Q2 revenue of $850.8 million, a 2.6% decrease year-over-year, but year-to-date revenue slightly increased to $1.57 billion. The company experienced improvements in gross profit margin and adjusted EBITDA, while net income and earnings per share saw declines.
Future Outlook and Challenges: Despite securing nearly $1.2 billion in new awards and a backlog growth of 36%, the company faces challenges due to project delays and economic uncertainty, which may hinder achieving its EBITDA margin targets for 2025.
