North American C Stock Price, News & Analysis

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.

North American Construction Group Ltd. (NOA) has announced that it will release its Q1 2023 financial results on April 26, 2023, after market close. A conference call to discuss these results is scheduled for April 27, 2023, at 7:00 a.m. MT (9:00 a.m. ET). Investors can access the call by dialing 1-888-396-8049 with Conference ID 75191345. A replay will be available until June 1, 2023. Furthermore, a slide deck for the webcast will be accessible for download on the company’s website the evening prior to the call. For over 70 years, NACG has been a leading provider of heavy construction and mining services in Canada, focusing on the mining, resource, and infrastructure sectors.

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.