North American Construction Group(US:NOA)2024-10-31 23:48Financial Performance - The company achieved a record adjusted EBITDA of $106.4 million in Q3 2024 [19] - Combined revenue reached $367 million in Q3 2024 [19] - Adjusted EPS increased to $1.17, more than double the $0.54 reported in Q3 2023 [24] - The company's combined gross profit margin increased to 21.9% in Q3 2024 [21] Operational Highlights - MacKellar Group's equipment utilization was at 84% in Q3 2024 [22] - The company signed a $375 million five-year contract for fully maintained equipment fleet in Queensland [15] - The company's bid pipeline contains over $10 billion of specific scopes of work [29] - The company's contractual backlog is $3.1 billion [31] Safety and Recognition - The company's trailing twelve-month injury rate is 0.39, below the target of 0.50 [10] - MacKellar Group and Manabotix received the Blackwoods Collaboration Award at the Queensland Mining Awards [12]