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North American Construction Group Ltd - NOA STOCK NEWS

Welcome to our dedicated news page for North American Construction Group (Ticker: NOA), a resource for investors and traders seeking the latest updates and insights on North American Construction Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect North American Construction Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of North American Construction Group's position in the market.

News
North American Construction Group Ltd. First Quarter Results Conference Call and Webcast Notification
Rhea-AI Summary
North American Construction Group announced the release of its financial results for the first quarter ended March 31, 2024, with a conference call and webcast scheduled for May 2, 2024. Investors can access the call through dial-in or webcast, with a replay available until June 3, 2024. A slide deck for the webcast will be downloadable from the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.95%
Tags
earnings
-
News
North American Construction Group Ltd. Announces Results for the Fourth Quarter and Year Ended December 31, 2023
Rhea-AI Summary
North American Construction Group Ltd. (NACG) announced its fourth-quarter and year-end results for 2023, highlighting the successful closure of the MacKellar Group acquisition, strong revenue growth, and record-setting figures. The company reported a combined revenue of $403.4 million, a company quarterly record, driven by the transformative acquisition of MacKellar. Adjusted EBITDA reached $101.1 million, also a company record, with a margin of 25.1%. Despite positive results, the company faced challenges with project losses impacting margins and increased debt levels. NACG's President and CEO, Joseph Lambert, expressed optimism for 2024, emphasizing geographic diversification and operational excellence.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.87%
Tags
earnings
-
News
North American Construction Group Ltd. Announces Significant Five-Year Contract Extension in Australia
Rhea-AI Summary
North American Construction Group Ltd. (NOA) secures a five-year contract extension worth $500 million with a major metallurgical coal producer in Australia. The contract includes fully maintained equipment and services, with additional fleet purchases planned.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.73%
Tags
none
News
North American Construction Group Ltd. Announces Appointment to Board of Directors
Rhea-AI Summary
North American Construction Group Ltd. (NOA) appoints Dr. Vanessa Guthrie AO, a seasoned executive with over 30 years of experience in the natural resources sector, to its Board of Directors. Dr. Guthrie has held key leadership roles in prominent companies and received multiple accolades for her contributions to sustainability and innovation in the industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.28%
Tags
management
-
News
North American Construction Group Ltd. Announces Regular Quarterly Dividend
Rhea-AI Summary
North American Construction Group Ltd. (NOA) declared a regular quarterly dividend of $0.10 per common share, payable on April 5, 2024, to shareholders of record on March 8, 2024, marking it as an eligible dividend for Canadian income tax purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.36%
Tags
dividends
-
News
North American Construction Group Ltd. Fourth Quarter Results Conference Call and Webcast Notification
Rhea-AI Summary
North American Construction Group Ltd. (NACG) will release its Q4 financial results on March 13, 2024, followed by a conference call on March 14, 2024. The call details and webcast information are provided in the press release.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.43%
Tags
earnings
News
North American Construction Group Ltd. Announces Award of Regional Services Contract
Rhea-AI Summary
North American Construction Group Ltd. (NACG) has been awarded a three-year regional services contract by a major producer in the Canadian oil sands region, providing NACG with $225 million in contractual backlog. The contract is effective immediately with an expiry date of January 30, 2027. The company's combined backlog is projected to be over $3.0 billion, a significant increase from the previous year. Management expects further commitments in the range of $25 to $50 million to be awarded prior to the end of February 2024. The CEO of NACG expressed confidence in the company's ability to execute on its commitments and highlighted the competitive advantages and opportunities provided by its safe, low-cost, and sustainable operating model.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.32%
Tags
none
-
News
North American Construction Group Ltd. Announces Record Results for the Third Quarter Ended September 30, 2023
Rhea-AI Summary
North American Construction Group Ltd. (NACG) reported revenue of $194.7 million for Q3 2023, compared to $191.4 million in the same period last year. Equipment utilization was 56%, down from 62% in Q3 2022. Net share of revenue from equity consolidated joint ventures was $168.7 million, compared to $161.8 million in the same period last year. Combined revenue was $272.6 million, consistent with the previous year. Adjusted EBITDA was $59.4 million with a margin of 21.8%. Cash flows generated from operating activities were $37.5 million, and free cash flow was $10.0 million. Net debt was $395.3 million. NACG closed the acquisition of MacKellar Group, adding 450 mobile heavy equipment assets and 1,000 employees.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.95%
Tags
earnings
-
News
North American Construction Group Ltd. Third Quarter Results Conference Call and Webcast Notification
Rhea-AI Summary
North American Construction Group Ltd. to release Q3 financial results on November 1, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.76%
Tags
earnings
News
North American Construction Group Closes Acquisition of MacKellar Group and Establishes Transition Team
Rhea-AI Summary
North American Construction Group Ltd. has completed its acquisition of MacKellar Group for $395 million. The company also secured an upsized credit facility of $430 million, allowing for $300 million of secured equipment financing. Barry Palmer assumes the role of Regional President, Australia during the integration process.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.8%
Tags
acquisition
Stock NOA logo
North American Construction Group Ltd

NYSE:NOA

NOA Rankings

#2845 Ranked by Market Cap
#259 Ranked by Stock Gains
#1468 Ranked by Dividends

NOA Stock Data

566.96M
20.87M
8.76%
76.81%
0.49%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
Canada
Acheson

About NOA

north american construction group provides a wide range of mining and heavy construction services to customers in the resource development and industrial construction sectors, primarily within the canadian oil sands. with over 60 years of experience, we have the skills and resources necessary to provide construction and operations support services to both mining and “in situ” oil sands projects, and qualified staff to complete each project safely and efficiently. we also operate one of the largest equipment fleets in the oil sands.