Welcome to our dedicated page for North American C news (Ticker: NOA), a resource for investors and traders seeking the latest updates and insights on North American C stock.
North American Construction Group Ltd. (NOA) delivers essential heavy civil construction and mining services across three continents. This news hub provides investors and industry professionals with timely updates on operational milestones, financial developments, and strategic initiatives.
Access authoritative reports covering earnings announcements, project awards, equipment fleet expansions, and safety innovations. Our curated collection includes press releases on oil sands operations, mining contracts, and infrastructure projects – all critical for assessing NOA's market position.
Key updates feature maintenance program advancements, geographic expansion efforts, and operational efficiency breakthroughs. Track the company's progress in core markets including Canada's oil sands region, U.S. infrastructure developments, and Australian mining operations.
Bookmark this page for consolidated access to NOA's regulatory filings, leadership updates, and industry recognition. Stay informed about this heavy construction leader through verified news sources and official corporate communications.
North American Construction Group (NYSE:NOA) held its Annual Meeting of Shareholders on May 14, 2025, where shareholders voted on key corporate matters. All proposed resolutions were successfully passed. The meeting resulted in the election of seven directors, with approval ratings ranging from 91.75% to 99.78%. Joseph C. Lambert received the highest approval at 99.78%, while Maryse C. Saint-Laurent received 91.75% approval.
Shareholders also approved the appointment of KPMG LLP as independent auditors with 98.43% support. The non-binding advisory vote on executive compensation passed with 79.59% approval, though it received the lowest support among all proposals with 20.41% of votes against.
North American Construction Group (NOA) has successfully completed a private placement offering of $225 million in Senior Unsecured Notes. The notes, carrying a 7.75% interest rate and maturing on May 1, 2030, were offered through private placement in Canada and to qualified institutional buyers in the United States under Rule 144A. The company plans to use the proceeds to repay existing credit agreement debt and for general corporate purposes. The offering was underwritten by several major financial institutions, including National Bank Financial, ATB Securities, Scotia Capital, and TD Securities.
North American Construction Group (NOA) has announced a private placement offering of $225 million Senior Unsecured Notes due May 1, 2030. The Notes will be issued at $1,000 per Note with a 7.75% annual interest rate, payable semi-annually on November 1 and May 1, starting November 1, 2025.
The offering is being led by multiple financial institutions including National Bank Financial, ATB Securities, Scotia Capital, and TD Securities. The company plans to use the proceeds to repay existing Credit Agreement debt and for general corporate purposes. The Notes are being offered privately in Canada and to qualified institutional buyers in the US under Rule 144A. The offering is expected to close around May 1, 2025.
North American Construction Group (NOA) has scheduled its first quarter 2025 financial results announcement for Wednesday, May 14, 2025 after market close. The company will host a conference call and webcast to discuss the results on Thursday, May 15, 2025 at 7:00 a.m. Mountain Time (9:00 a.m. Eastern Time).
Investors can access the conference call toll-free at 1-800-717-1738 using Conference ID 42703. A replay will be available until June 12, 2025, at 1-888-660-6264. The presentation slide deck will be available for download before the call at www.nacg.ca/presentations/.
North American Construction Group (NOA) reported Q4 2024 financial results with combined revenue of $372.7 million, down from $405.4 million in Q4 2023. The company achieved an Adjusted EBITDA of $103.7 million with a 27.8% margin, improving from $101.1 million and 24.9% in the prior year.
Key operational highlights include equipment utilization of 82% in Australia and 54% in Canada. The quarter saw gross profit of $54.3 million with a 14.6% margin, impacted by $10.1 million in integration costs and $8.9 million in claims settlements. Free cash flow was $50.5 million, and net debt decreased by $26.3 million to $856.2 million.
Notable contract awards include a $125 million heavy civil construction project, a $500 million extended regional services contract in oil sands, and a $100 million early works contract in New South Wales, Australia. The company also achieved 60% completion of the Fargo-Moorhead flood diversion project.
North American Construction Group (NOA) has announced the rescheduling of its Q4 2024 financial results release and conference call due to the impacts of Cyclone Alfred in Queensland, Australia. The results will now be released on March 19, 2025, followed by a conference call on March 20, 2025.
The delay is attributed to two factors: First, additional time needed for completing year-end reporting processes in the Heavy Equipment - Australia segment, requiring incremental verification of parts and supply inventories due to first-year SOX reporting requirements. This segment was acquired by NACG on October 1, 2023. Second, Cyclone Alfred's impacts since March 5, 2025, including flooding, power outages, and travel restrictions, have hindered site access for inventory verification.
The company confirms that routine mine site operations remain unaffected by the cyclone, with impacts expected to fully subside by March 14, 2024.
North American Construction Group (NOA) has announced the rescheduling of its Q4 2024 financial results release and conference call. The results, originally planned for March 5, will now be released on March 12, 2025 after markets close, with the conference call scheduled for March 13, 2025 at 7:00 a.m. Mountain Time.
The delay is attributed to requiring additional time to complete year-end reporting processes within its Heavy Equipment - Australia segment. This extension is necessary due to three factors: first-year SOX reporting requirements, high activity levels at year-end, and the implementation of a new ERP system in the segment, which was previously privately held.
North American Construction Group (NOA) has successfully completed the redemption of its 5.5% Convertible Debentures originally due June 30, 2028. The redemption process was finalized on February 28, 2025, following a notice issued to debenture holders on January 29, 2025.
Debenture holders were given the option to either convert their holdings into common shares at $24.23 per share or receive the principal amount plus accrued interest. Of the total debentures, $72,749,000 in principal amount was converted to common shares, while the remaining $1,357,000 was redeemed by the company on the redemption date.
North American Construction Group (NOA) has announced its regular quarterly dividend payment. The company's Board of Directors has declared a dividend of $0.12 CAD per common share. The dividend will be distributed to shareholders who are on record as of March 13, 2025, with the payment scheduled for April 9, 2025. The company has confirmed that this dividend qualifies as an eligible dividend for Canadian income tax purposes.
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