Bird's Purchase of B.C. Civil Infrastructure Contractor Anticipates Significant Earnings Growth
Monday, 10 June 2024, 18:48
Bird Acquisition of B.C.-Based Infrastructure Firm for $135M Boosts 10% EPS
Bird confirms the purchase of a leading civil infrastructure contractor headquartered in B.C. for a hefty sum of $135 million, projecting a 10% surge in full-year adjusted earnings per share.
Strategic Financial Investment
- Significant Acquisition: Bird's strategic decision to acquire the B.C.-based firm highlights its targeted expansion and growth initiatives.
- Earnings Per Share Enhancement: Anticipated 10% full-year adjusted EPS accretion underscores the potential financial benefits of the acquisition.
The acquisition is expected to bolster Bird's competitive position in the infrastructure sector as it aims to drive value creation and profitability.
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