Financial Performance - Combined revenue reached $330 million in Q2 2024[9], compared to $279 million in Q2 2023[10], representing an increase of $52 million[10] - Adjusted EBITDA for Q2 2024 was $87 million[9], a 70% increase compared to the previous Q2[9] - Adjusted EPS increased to $0.78, up from $0.47 in Q2 2023, representing an increase of $0.31[12] - Combined gross profit margin significantly improved to 183% in Q2 2024[11] Operational Highlights - MacKellar Group achieved record-setting revenue in May due to effective fleet operation[7] - Nuna Group returned to profitability for the quarter[7] - Equipment utilization in Australia was 82% in Q2 2024[10] - The company's contractual backlog stands at $28 billion[20] Outlook and Capital Allocation - The company updated its 2024 outlook, projecting combined revenue between $14 billion and $15 billion[23], adjusted EBITDA between $395 million and $415 million[23], and adjusted EPS between $395 and $415[23] - Free cash flow is projected to be between $100 million and $120 million[23] - Net debt leverage is targeted at 18x[24] - The replacement value of the heavy equipment fleet is estimated at $35 billion[31]

ACHESON, Alberta, July 31, 2024 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. ("NACG") (TSX:NOA.TO/NYSE:NOA) today announced results for the second quarter ended June 30, 2024. Unless otherwise indicated, financial figures are expressed in Canadian dollars, and comparisons are to the prior period ended June 30, 2023. Second Quarter 2024 Highlights: Combined revenue of $329.7 million compared favorably to $278.6 million in the same period last year, is a second quarter record and reflected best ...

ACHESON, Alberta, July 31, 2024 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. ("NACG") (TSX:NOA, NYSE:NOA) today announced results for the second quarter ended June 30, 2024. Unless otherwise indicated, financial figures are expressed in Canadian dollars, and comparisons are to the prior period ended June 30, 2023. Second Quarter 2024 Highlights: Combined revenue of $329.7 million compared favorably to $278.6 million in the same period last year, is a second quarter record and reflected best op ...

The call can be accessed by dialing: Toll free: 1-800-717-1738 Conference ID: 50329 A slide deck for the webcast will be available for download the evening prior to the call and will be found on the company's website at www.nacg.ca/presentations/ A replay will be available until September 2, 2024, using the link provided. North American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Canada, the U.S. and Australia. For over 70 years, NACG has provided service ...

Company Overview - North American Construction Group Ltd. (NACG) is a leading provider of heavy civil construction and mining services in Canada, the U.S., and Australia, with over 70 years of experience in the mining, resource, and infrastructure construction markets [2]. Financial Results Announcement - NACG will release its financial results for the second quarter ended June 30, 2024, on July 31, 2024, after market close [3]. - A conference call and webcast will be held on August 1, 2024, at 7:00 a.m. Mountain Time (9:00 a.m. Eastern Time) to discuss the financial results [3]. Access Information - The conference call can be accessed by dialing 1-800-717-1738 with Conference ID: 50329 [4]. - A replay of the call will be available until September 2, 2024, by dialing 1-888-660-6264 with the same Conference ID and Playback Passcode [4].

. July 15, 2024 11:00 AM EDT | Source: CDN Maverick Capital Corp. Highlights from the updated Technical Report include: Measured and Indicated Expansion The new MRE at the Rio Grande Project contains a total resource of approximately 4.7 million Mt of LCE with concentration estimated at 525 mg/l, resulting in an increase of 24% compared to the previously estimated MRE of approximately 3.8 million Mt that was disclosed in NOAL's press release dated May 29, 2024. NOA is a lithium exploration and development c ...

On June 12, 2024, NOAL was required to make a payment of US$250,000 in cash and US$250,000 in NOAL shares. However, CDN Maverick elected to receive US$50,000 cash and increase the share portion to US$450,000 worth in NOAL shares. All details regarding the original property transaction are set forth in the Company's news release dated May 8, 2023. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/4568/213629_5a7691f004d7486a_001full.jpg CDN Maverick is also plea ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuation metrics t ...

About the Company | | Outcome | Votes | Withheld or | | --- | --- | --- | --- | | | | For | Against | | Election of Martin R. Ferron as director | Passed | 99.27% | 0.73% | | Election of Vanessa A. Guthrie as director | Passed | 98.84% | 1.16% | | Election of Joseph C. Lambert as director | Passed | 98.91% | 1.09% | | Election of Bryan D. Pinney as director | Passed | 99.21% | 0.79% | | Election of John J. Pollesel as director | Passed | 99.89% | 0.11% | | Election of Maryse C. Saint-Laurent as director | P ...

ACHESON, Alberta, May 16, 2024 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. ("NACG" or "the Company") (TSX:NOA/NYSE:NOA) today announced the results of its Annual Meeting of Shareholders held on May 15, 2024. Shareholders elected directors, approved the appointment of KPMG LLP as the independent auditors of the Company and approved a non-binding advisory vote regarding the Company's approach to executive compensation. The following are the results of the votes held at the meeting: | | Outcome ...