ACHESON, Alberta, March 10, 2025 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA.TO/NYSE:NOA) announced today that due to the unforeseen impacts of Cyclone Alfred in the Queensland region, it is required to reschedule the release of its financial results and conference call for the fourth quarter ended December 31, 2024. The Company intends to release its financial results for the fourth quarter ended December 31, 2024 on Wednesday, March 19, 2025 after markets ...

Core Viewpoint - North American Construction Group Ltd. has rescheduled the release of its fourth quarter financial results for the year ended December 31, 2024, to March 12, 2025, after market close, with a conference call on March 13, 2025 [1][2]. Group 1 - The rescheduling is due to the need for additional time to complete year-end reporting processes within the Heavy Equipment - Australia segment [2]. - Factors contributing to the delay include first-year SOX reporting requirements, high activity levels at year-end, and the implementation of a new ERP system [2]. Group 2 - The conference call can be accessed via a toll-free number, and a replay will be available until April 13, 2025 [3]. - A slide deck for the webcast will be available for download the evening prior to the call on the company's website [3]. Group 3 - North American Construction Group Ltd. is a leading provider of heavy civil construction and mining services in Australia, Canada, and the U.S., with over 70 years of experience in the mining, resource, and infrastructure construction markets [4].

Core Points - North American Construction Group Ltd. has completed the redemption of its 5.5% Convertible Debentures due June 30, 2028 on February 28, 2025 [1] - The company issued a notice of redemption on January 29, 2025, allowing holders to redeem all outstanding Debentures at their principal amount plus accrued interest [2] - A total of $72,749,000 principal amount of Debentures were converted into common shares between January 29, 2025, and the Redemption Date [2] Company Overview - NACG is one of the largest providers of heavy construction and mining services in Canada and Australia, with over 70 years of experience in the mining, resource, and infrastructure construction markets [3]

Core Viewpoint - North American Construction Group Ltd. declared a quarterly dividend of $0.12 per common share, payable on April 9, 2025, to shareholders of record by March 13, 2025 [1] Company Overview - North American Construction Group Ltd. is a leading provider of heavy civil construction and mining services in Canada, the U.S., and Australia, with 70 years of experience in the mining, resource, and infrastructure construction markets [2]

Core Viewpoint - North American Construction Group Ltd. (NACG) will release its financial results for Q4 2024 on March 5, 2025, after market close, followed by a conference call on March 6, 2025 [1] Group 1: Financial Results Announcement - NACG's financial results for the fourth quarter ended December 31, 2024, will be announced on March 5, 2025 [1] - A conference call and webcast will take place on March 6, 2025, at 7:00 a.m. Mountain Time (9:00 a.m. Eastern Time) [1] Group 2: Conference Call Details - The conference call can be accessed by dialing 1-800-717-1738 with Conference ID 71653 [2] - A replay of the call will be available until April 6, 2025, by dialing 1-888-660-6264 [2] - A slide deck for the webcast will be available for download on the company's website the evening prior to the call [2] Group 3: Company Overview - NACG is a leading provider of heavy civil construction and mining services in Canada, the U.S., and Australia [3] - The company has over 70 years of experience in serving the mining, resource, and infrastructure construction markets [3]

Core Points - North American Construction Group Ltd. (NACG) announced the redemption of its outstanding 5.5% convertible unsecured subordinated debentures due June 30, 2028, effective February 28, 2025 [1][4] - The redemption price for each debenture will be $1,008.86111, which includes the principal repayment of $1,000 and accrued interest of $8.86111 [4] - As of the announcement date, the total aggregate principal amount of debentures issued and outstanding is $74,106,000 [4] Redemption Details - Holders of the debentures can convert them into common shares at a price of $24.23 per share, which is lower than the closing price of $28.45 on January 29, 2025 [2] - The company encourages debentureholders to check with their financial institutions for conversion instructions ahead of the redemption date [3] - The company plans to pay the redemption price in cash and intends to have the debentures de-listed from the Toronto Stock Exchange following the redemption [5] Company Overview - NACG is one of the largest providers of heavy construction and mining services in Canada and Australia, with over 70 years of experience in the mining, resource, and infrastructure construction markets [6]

Core Points - North American Construction Group Ltd. (NACG) announced an automatic share purchase plan (ASPP) in connection with its normal course issuer bid (NCIB) to buy back up to 2,087,577 common shares for cancellation [1][2] - The ASPP will allow the designated broker to purchase shares until the NCIB expires on November 3, 2025, with purchases made at the broker's discretion [1][2] - The company confirmed it was not aware of any material undisclosed information at the time of establishing the ASPP, allowing purchases to proceed regardless of any trading blackout periods [2][3] Company Overview - NACG is one of the largest providers of heavy construction and mining services in Canada and Australia, with over 70 years of experience in the mining, resource, and infrastructure construction markets [4]

Group 1 - North American Construction Group Ltd. (NYSE: NOA) has seen increased activity in Australia and diversified resources in Canada, contributing to its growth [1] - The company has been previously discussed in an article published on July 4, 2024, indicating ongoing interest and analysis in its performance [1] Group 2 - The analyst has over 14 years of experience in stock analysis, with a focus on the energy sectors, particularly oilfield equipment services and industrial supply [1]

Group 1 - North American Construction Group Ltd.'s subsidiary, MacKellar Group, has secured a new contract from a major copper producer in New South Wales, Australia [1] - The contract involves early works and development activities at a long-life copper mine, focusing on site infrastructure, overburden removal, and reclamation facility closure [2] - Project work is set to commence in Q1 2025 and conclude by Q2 2026, aligning with the company's strategic goals of diversification in customers, commodities, and geography [3] Group 2 - North American Construction's growth strategy includes joint ventures and acquisitions, particularly with First Nation alliances, to enhance service delivery in construction and mining [4] - The company acquired MacKellar Group for an expected total of $395 million, contributing to a 75% year-over-year increase in Q3 2024 EBITDA [5] - Significant benefits are derived from joint ventures with Nuna Logistics and Mikisew Group, enhancing equipment access and service offerings [6] Group 3 - Shares of North American Construction have increased by 5.8% over the past month, outperforming the Zacks Building Products - Heavy Construction industry's decline of 3.9% [8] - The company is expected to continue benefiting from rising demand for equipment and services in Australia [8]

Core Viewpoint - North American Construction Group Ltd. (NACG) has secured an early works and development contract from a major copper producer in New South Wales, Australia, which is expected to generate approximately $100 million in revenue [2][3]. Group 1: Project Details - The project involves establishing site infrastructure, initial overburden removal, and closing a previously used reclamation facility [1]. - Work is set to commence in the first quarter of 2025 and is scheduled for completion in the second quarter of 2026 [2]. - The project will utilize existing owned and leased equipment, primarily sourced from Canada [2]. Group 2: Strategic Importance - This contract reflects NACG's objective of geographic and customer diversification, marking MacKellar's entry into the New South Wales region [2][3]. - The project is critical for both the customer's mine production ramp-up and NACG's success as a contractor in the region [3]. Group 3: Financial Outlook - The awarded project contributes to over 90% visibility of NACG's combined revenue midpoint for 2025, although it does not alter the estimated revenue ranges for the year [4]. Group 4: Company Background - MacKellar Group, a wholly owned subsidiary of NACG since 2023, has been operating since 1966 and is known for its performance and reliability in heavy earthmoving equipment solutions [5]. - NACG is one of the largest providers of heavy construction and mining services in Canada and Australia, with over 70 years of experience in the mining, resource, and infrastructure construction markets [6].