North American C Stock Price, News & Analysis

North American Construction Group Ltd. (NOA) has announced a change in the payment date for its regular quarterly dividend, moving it from April 7, 2023, to April 6, 2023. Other details about the dividend remain unchanged following the previous announcement made on February 14, 2023. NACG, a leader in heavy civil construction and mining services in Canada, has been operational for over 65 years, providing essential services to the oil, natural gas, and resource sectors.

North American Construction Group reported strong Q4 2022 results, achieving a record revenue of $320.1 million, up from $234.9 million in Q4 2021. The company experienced high equipment utilization at 75%, leading to significant increases in EBITDA and earnings per share. Net income was $26.1 million, a 70% increase year-over-year. The adjusted EBITDA margin improved to 26.8% from 24.0%. Free cash flow reached $67.5 million. Furthermore, a 25% increase in the dividend to $0.40 per share was announced. Overall, NACG's financial performance exceeded expectations, driven by robust operations in the oil sands sector and strategic acquisitions.

North American Construction Group Ltd. (NOA) will announce its financial results for Q4 and the full year ended December 31, 2022, on February 15, 2023, after market close. A conference call to discuss these results is scheduled for February 16, 2023, at 7:00 a.m. MT (9:00 a.m. ET). Interested parties can access the call by dialing 1-888-886-7786, using conference ID 79349092. A replay will be available until March 16, 2023. A slide deck will be downloadable from the company’s website the evening before the call.

NACG is a leading provider of heavy construction and mining services in Canada, operating for over 65 years.

North American Construction Group announced Q3 2022 results, reporting a 15% revenue increase to $191.4 million compared to Q3 2021. Equipment utilization surged to 62% from 52% year-over-year, bolstered by contractually adjusted rates. Combined revenue reached $269.6 million, a 29% rise, aided by joint ventures. Adjusted EBITDA grew 27% to $60.1 million. The quarter ended with a positive free cash flow of $3.4 million. Notably, a $0.08 quarterly dividend was declared. The firm also announced an acquisition for $15 million and extended its credit facility.

North American Construction Group Ltd. (TSX:NOA/NYSE:NOA) will release its Third Quarter financial results on October 26, 2022, after market close. A conference call is scheduled for October 27, 2022, at 7:00 a.m. MT (9:00 a.m. ET) to discuss the results, accessible via a toll-free number. A replay of the call will be available until November 24, 2022. Additionally, a slide deck for the webcast will be available on their website prior to the call. NACG has been a key player in heavy construction and mining services in Canada for over 65 years.

North American Construction Group has announced an extension and amendment of its senior secured credit facility, pushing the maturity date to October 8, 2025. The facility, now maintaining an overall liquidity of $475 million, adjusts borrowing capacity to $300 million. The allowance for equipment financing and joint venture support has increased from $150 million to $175 million, providing enhanced operational flexibility. CFO Jason Veenstra emphasized the importance of this low-cost facility in supporting business liquidity and operations.

North American Construction Group Ltd. (NOA) reported Q2 2022 revenue of $168 million, a 21% increase from Q2 2021, primarily due to operations at the Fort Hills mine and DGI Trading's contributions. However, adjusted EBITDA dropped to $41.6 million, reflecting challenges like technician shortages and inflation. Gross profit margin fell to 7.4%, down from 10.4% the previous year. Free cash flow stood at $10.4 million. The Board declared a quarterly dividend of $0.08 per share, payable on October 7, 2022, while management anticipates continued market challenges.

North American Construction Group Ltd. (NOA) will announce its second-quarter financial results for the period ending June 30, 2022, on July 27, 2022, after market hours. A conference call and webcast will follow on July 28, 2022, at 7:00 a.m. MT (9:00 a.m. ET). Interested parties can join the call by dialing 1-888-396-8049 with Conference ID 82943569. A replay will be available until August 28, 2022. For additional details, a slide deck for the presentation can be downloaded from the company's website.

North American Construction Group Ltd. (NOA) held its Annual and Special Meeting of Shareholders on May 4, 2021, announcing the results of key votes. All proposed directors, including Martin R. Ferron and Bryan D. Pinney, were elected with significant majority votes, surpassing 91%. KPMG LLP was appointed as the independent auditors, also receiving near-unanimous support. The advisory vote on executive compensation passed with 68.82% approval. NACG has provided services to major oil, natural gas, and resource companies for over 65 years.