ACHESON, Alberta, April 21, 2025 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. ("NACG" or "the Company") (TSX:NOA.TO/NYSE:NOA) announced today that it will release its financial results for the first quarter ended March 31, 2025 on Wednesday, May 14, 2025 after markets close. Following the release of its financial results, NACG will hold a conference call and webcast on Thursday, May 15, 2025, at 7:00 a.m. Mountain Time (9:00 a.m. Eastern Time). The call can be accessed by dialing: Toll free: 1 ...

Core Viewpoint - North American Construction (NOA) reported quarterly earnings of $0.71 per share, missing the Zacks Consensus Estimate of $0.73 per share, but showing an increase from $0.64 per share a year ago [1][2] Earnings Performance - The earnings surprise for the quarter was -2.74%, with the company previously expected to post earnings of $0.84 per share but actually reporting $0.85 per share in the prior quarter, resulting in a positive surprise of 1.19% [2] - Over the last four quarters, North American Construction has surpassed consensus EPS estimates only once [2] Revenue Performance - The company posted revenues of $218.42 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 0.93%, but down from $239.7 million in the same quarter last year [3] - North American Construction has topped consensus revenue estimates two times over the last four quarters [3] Stock Performance and Outlook - Shares of North American Construction have declined approximately 21.6% since the beginning of the year, compared to a decline of 4.5% for the S&P 500 [4] - The future performance of the stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4][5] Earnings Estimates and Revisions - The current consensus EPS estimate for the upcoming quarter is $0.71 on revenues of $226.82 million, and for the current fiscal year, it is $3 on revenues of $903.49 million [8] - The trend for estimate revisions ahead of the earnings release has been unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [7] Industry Context - The Building Products - Heavy Construction industry, to which North American Construction belongs, is currently in the top 34% of over 250 Zacks industries, suggesting a relatively strong position [9] - Research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [9]

Core Viewpoint - North American Construction Group Ltd. (NACG) reported its financial results for Q4 and the year ended December 31, 2024, highlighting a decrease in revenue and net income compared to the previous year, while also emphasizing operational improvements and strategic contract wins in the heavy civil infrastructure and mining sectors [1][3][5]. Financial Performance - Q4 2024 revenue was $305.6 million, down from $328.3 million in Q4 2023, primarily due to lower demand for Canadian heavy equipment [4][5]. - The company achieved a total revenue of $1.165 billion for the year 2024, an increase from $964.7 million in 2023 [4][45]. - Adjusted EBITDA for Q4 2024 was $103.7 million, with a margin of 27.8%, compared to $101.1 million and 24.9% in the prior year [5][6]. - Net income for Q4 2024 was $4.8 million, a decrease from $17.6 million in Q4 2023, attributed to lower gross profit [6][13]. Operational Highlights - The company reported a gross profit of $42.0 million for Q4 2024, representing a gross margin of 13.7%, down from 20.0% in the same period last year [10][13]. - Equipment utilization in the Heavy Equipment - Canada segment decreased to 54% from 65% in Q4 2023, while the Heavy Equipment - Australia segment saw improved performance with revenue of $160.3 million [9][10]. - Cash flows from operating activities were $97.0 million in Q4 2024, down from $168.6 million in the prior period, primarily due to changes in working capital [5][8]. Strategic Developments - NACG secured several significant contracts, including a $125 million heavy civil construction project and a $500 million regional services contract in December 2024 [5][9]. - The company surpassed the 60% completion mark on the Fargo-Moorhead flood diversion project by year-end [5]. - The implementation of an ERP system in Australia was completed during the quarter, aimed at optimizing business processes [5]. Outlook for 2025 - The company projects combined revenue for 2025 to be between $1.4 billion and $1.6 billion, with adjusted EBITDA expected to range from $415 million to $445 million [17][18]. - Free cash flow is anticipated to be between $130 million and $150 million for 2025 [17][19]. - The company aims to maintain a net debt leverage target of 1.7x [19]. Liquidity Position - As of December 31, 2024, NACG reported total available capital liquidity of $275.3 million, including $170.6 million in cash and unused finance lease borrowing availability [14].

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]