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. reports developments in heavy civil construction and mining services for resource development and industrial construction customers in Canada, the United States, and Australia. Company news commonly covers operating and financial results, conference-call notices, contract awards and expansions, equipment fleet activity, and backlog tied to mining and earthworks work.
Updates also include Australian activity through MacKellar Group, governance matters such as annual and special meetings and director-nomination procedures, and corporate leadership or capital-structure disclosures when they affect the public company record.
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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.