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) generates frequent news due to its role in heavy civil construction and mining services across Canada, Australia and the United States. Company announcements cover operational performance, major contract awards, acquisitions, financing transactions and infrastructure initiatives, giving investors and industry followers insight into how the business is evolving.
Regular quarterly earnings releases and accompanying MD&A provide updates on combined revenue, adjusted EBITDA, free cash flow and segment performance for Heavy Equipment – Canada, Heavy Equipment – Australia and joint ventures. These releases often explain how factors such as weather, equipment utilization, labour availability and project mix influence margins and cash generation.
News items also highlight major contract developments, including the extension of a multi‑year mine services contract in Queensland that the company describes as the largest in its history, as well as progress on the Fargo-Moorhead flood diversion project and other infrastructure scopes. Updates on the MacKellar Group and its Australian operations, along with new work at copper and other resource projects, feature prominently.
Corporate and capital markets news includes senior unsecured note offerings, changes in debt structure, share repurchase activity under normal course issuer bids and dividend declarations. Strategic updates, such as the planned acquisition of Iron Mine Contracting in Western Australia and fleet optimization transactions, are also disclosed through news releases.
By following NOA news, readers can track trends in backlog, geographic and commodity diversification, capital allocation decisions and the company’s positioning in mining and infrastructure markets. This page aggregates these updates in one place so users can review historical announcements and monitor new developments as they are reported.
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.
North American Construction Group Ltd. (NOA) reported Q1 2022 revenue of $176.7 million, a 5.3% rise year-over-year, largely due to improved operations and contributions from the DGI acquisition. Combined revenue reached $236.6 million, reflecting a 23.1% increase driven by joint ventures. However, adjusted EBITDA fell to $57.7 million, down 5.5% from the previous year, impacted by labor shortages and inflation. A quarterly dividend of $0.08 per share was declared. The company forecasts adjusted EBITDA for 2022 between $215 million and $245 million.
North American Construction Group Ltd. (NOA) will publish its financial results for Q1 2022 on April 27, 2022, post-market close. A conference call and webcast are scheduled for April 28, 2022, at 7:00 a.m. MT (9:00 a.m. ET) to discuss these results. Interested parties can access the call via toll-free and international numbers provided. A slide deck will be available for download prior to the call. The company, a key player in heavy construction and mining services in Canada, has been in operation for over 65 years.
North American Construction Group Ltd. (NOA) announced plans to initiate a normal course issuer bid (NCIB) to repurchase up to 2,113,054 common shares, representing about 10% of the public float. This bid aims to enhance shareholder value and liquidity, as the company believes its current market price does not reflect underlying value. The NCIB is set to commence around April 11, 2022, and will be conducted through the TSX and NYSE.
North American Construction Group Ltd. (NOA) has secured a five-year contract valued at approximately $125 million with Mikisew North American Limited Partnership, enhancing its backlog, which now totals $1.7 billion. This partnership will contribute significantly to NACG's operational visibility and is expected to represent about one-third of the work over the contract’s term, extending until March 2027. Key executives from both companies expressed optimism about the collaboration, emphasizing its benefits for Indigenous partnerships and market leadership in heavy civil construction.
North American Construction Group Ltd. (NOA) reported a strong Q4 2021, with revenues of $181.0 million, up from $136.1 million YoY, driven by increased demand at Fort Hills and Kearl mines, and the DGI acquisition. Net income rose to $15.3 million, advancing adjusted EBITDA to $56.3 million for the quarter, and $207.3 million for the full year, marking recovery to pre-pandemic levels. However, gross profit margin declined to 12.7% from 16.6% due to higher maintenance costs. Free cash flow reached $48.3 million, supporting a dividend increase to $0.32 annually.
North American Construction Group Ltd. (NOA) will release its financial results for Q4 and the full year ending December 31, 2021, on February 16, 2022, after market close. A conference call and webcast will follow on February 17, 2022, at 7:00 AM MT (9:00 AM ET). Interested parties can access the call by dialing 1-844-248-9143 (toll-free) or 1-216-539-8612 (international), using Conference ID 2060308. A replay will be available until March 19, 2022. Further details, including a presentation slide deck, will be accessible on the company’s website.
North American Construction Group Ltd. reported a tragic incident at the Millennium mine in Fort McMurray, Alberta, where an employee was fatally injured during a collision involving two haul trucks on Jan. 6, 2022. Emergency response teams arrived at approximately 6:30 a.m. Following the incident, the company will conduct a thorough investigation in collaboration with its client and relevant authorities. CEO Joe Lambert expressed deep sorrow over the loss and emphasized the company's commitment to supporting the affected family and employees during this difficult time.
North American Construction Group reported strong third quarter 2021 results, with revenue of $166 million, up from $93.6 million in Q3 2020. Key highlights include adjusted EBITDA of $47.5 million, reflecting a 28% year-over-year increase, and free cash flow of $10 million. Gross profit margin fell to 13.1% due to COVID-19 impacts and equipment maintenance costs. The company anticipates revenue of approximately $275 million from a contract extension and $175 million from a contract amendment. A quarterly dividend of $0.04 per share was also declared.