North American Construction Group Ltd. Announces Results for the Fourth Quarter and Year Ended December 31, 2025

Core Viewpoint - The press release emphasizes the importance of non-GAAP financial measures and ratios for investors to analyze the company's business performance, leverage, and liquidity [1] Financial Measures - Non-GAAP financial measures are defined as numerical measures of financial performance, position, or cash flow that are not specified under GAAP and are not included in financial statements [1] - Non-GAAP ratios include any ratio that incorporates a non-GAAP financial measure as one of its components, which may not be comparable to similar measures from other issuers [1] - Supplementary financial measures are disclosed periodically to depict financial performance, position, or cash flows that do not fall under non-GAAP definitions [1] Specific Non-GAAP Measures - The company presents various non-GAAP financial measures including "adjusted EBIT", "adjusted EBITDA", "adjusted EPS", "backlog", "free cash flow", and "net debt" among others [1] - Supplementary financial measures such as "gross profit margin" and "total net working capital (excluding cash and current portion of long-term debt)" are also utilized in the Management's Discussion and Analysis [1]