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 Ltd. (NOA) reported a strong first quarter for 2023, with revenue of $320.6 million, up from $236.6 million a year ago. Equipment utilization reached 79%, leading to a record revenue from wholly-owned businesses and joint ventures. Adjusted EBITDA was $84.6 million, with a margin of 26.4%, compared to $57.7 million and 24.4%, respectively, in Q1 2022. Cash flows from operations rose to $31.8 million, while free cash flow was a use of $26.1 million. The company declared a quarterly dividend of $0.10 per share, payable on July 7, 2023. The outlook for 2023 includes projected adjusted EBITDA of $255-$275 million and free cash flow between $100-$115 million. Management remains focused on operational excellence and liquidity management.
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