North American Construction Group(US:NOA)2023-03-21 14:22Financial Performance & Outlook - The company's Adjusted EBITDA (TTM) is $245 million[13] - The company's Adjusted EPS (TTM) is $2.41[13] - The company aims to improve equipment utilization and project wins to achieve projected revenue growth[4] - The company's bid pipeline is approximately $4.5 billion[97] - The company targets a backlog exceeding $2 billion for 2023[104] Operational Highlights - The company's combined revenue was $1.1 billion[13] - The company operates in 3 countries and across 30 operational sites[38] - The company has a diversified business with 50% of revenue from Canadian Oil Sands customers, 30% from Canadian Mining, 10% from Civil Construction, and 5% each from Mine Management and External Maintenance[39, 40] - The company is focused on increasing maintenance headcount, with a net increase of 50 in 2H 2022[89] Competitive Advantages & Strategies - The company emphasizes its position as the largest heavy construction and mining contractor with a significant equipment fleet in North America[20] - The company focuses on being a low-cost operator through in-house maintenance and global sourcing of components[64, 65] - The company aims to reduce emissions intensity by 10% by 2025, 20% by 2028, and achieve net zero by 2050[78]