North American Construction Group(US:NOA)2025-11-13 14:00Financial Performance - Combined revenue reached a record of $391 million in Q3 2025[13], a rise from $367 million in Q3 2024[16] - Adjusted EBITDA was $99 million in Q3 2025[13], compared to $113 million in Q3 2024[19] - Combined gross profit margin improved to 14.6% in Q3 2025[13], a significant increase from 8.9% in Q2 2025[16] - Adjusted EPS was $0.67 in Q3 2025, a recovery from $0.02 in Q2 2025[19, 21] - Cash provided by operating activities increased to $92 million in Q3 2025, up from $55 million in Q3 2024[24] Regional Performance - Australia experienced a 26% revenue increase due to contract wins and growth assets[15] with revenue of $189 million in Q3 2025, compared to $150 million in Q3 2024[16] - Revenue from wholly-owned entities increased by 11% compared to Q3 2024[17] Operational Efficiency - The company achieved a 100% renewal rate on Australian contracts[13] - Total Recordable Injury Rate is 0.45, and TTM exposure hours reached 7.0 million[35] - Global equipment utilization was 74% in Q3 2025[44] Future Outlook - The company signed a $2.0 billion contract in Queensland[40] - The company is targeting net debt leverage of 2.2x[63]