Core Points - North American Construction Group Ltd. (NACG) has been awarded a heavy civil construction contract by Mikisew North American Limited Partnership (MNALP) for a project in the oil sands region, which involves building diversion ditches to manage water flow [1][2] - The two-year project is expected to generate approximately $125 million in revenue for NACG, starting in January 2025 and concluding in October 2026 [2] - This project reinforces NACG's long-term strategic partnership with the client and leverages existing infrastructure and mine support activities [2][3] Company Overview - NACG is one of the largest providers of heavy construction and mining services in Canada and Australia, with over 70 years of experience in the mining, resource, and infrastructure construction markets [5] - Mikisew Group, which holds a 51% interest in MNALP, is the Independent Economic Development arm of the Mikisew Cree First Nation, providing various services in the Canadian oil sands [4]

2024 Q3 EARNINGS PRESENTATION October 31, 2024 Forward-looking statements & non-GAAP financial measures NOA TSX - NYSE 2 This presentation contains forward-looking information which reflects the current plans and expectations of North American Construction Group Ltd. (the "Company") with respect to future events and financial performance. Examples of such forward-looking information in this document include, but are not limited to, statements with respect to the Company's targets for percentage of adjusted ...

North American Construction Group Ltd. (NYSE:NOA) Q3 2024 Earnings Conference Call October 31, 2024 9:00 AM ET Company Participants Joe Lambert - President and CEO Jason Veenstra - Chief Financial Officer Conference Call Participants Aaron MacNeil - TD Cowen Yuri Lynk - Canaccord Genuity Adam Thalhimer - Thompson Davis Maxim Sytchev - National Bank Financial Tim Monachello - ATB Capital Markets Devin Schilling - Ventum Financial Operator Good morning, ladies and gentlemen. Welcome to the North American Cons ...

North American Construction (NOA) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.37 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.19%. A quarter ago, it was expected that this heavy construction and mining services company would post earnings of $0.65 per share when it actually produced earnings of $0.57, delivering a surprise o ...

ACHESON, Alberta, Oct. 30, 2024 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. ("NACG" or "the Company") (TSX:NOA/NYSE:NOA) today announced that it intends to commence a normal course issuer bid (the "NCIB") to purchase, for cancellation, up to 2,087,577 common shares in the capital of the Company ("Common Shares"), which represents approximately 10% of the public float (as defined in the TSX Company Manual) and approximately 7.5% of the issued and outstanding Common Shares as of October 24, 202 ...

ACHESON, Alberta, Oct. 30, 2024 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. ("NACG") (TSX:NOA.TO/NYSE:NOA) today announced results for the third quarter ended September 30, 2024. Unless otherwise indicated, financial figures are expressed in Canadian dollars and compared to the prior period ended September 30, 2023. Third Quarter 2024 Highlights: Combined revenue of $367.2 million compared favorably to $274.8 million in the same period last year, is a third quarter record, and reflected the b ...

ACHESON, Alberta, Oct. 25, 2024 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA.TO/NYSE:NOA) today announced it has finalized an extension and amendment of its senior secured credit facility (the “Credit Facility”). The maturity date has been extended by one year to October 3, 2027. In addition to the extension, the capacity has been increased to provide greater flexibility in operating the Company’s Australian and Canadian businesses. “We would like to take thi ...

ACHESON, Alberta, Oct. 21, 2024 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA.TO/NYSE:NOA) announced today that it will release its financial results for the third quarter ended September 30, 2024 on Wednesday, October 30, 2024 after markets close. Following the release of its financial results, NACG will hold a conference call and webcast on Thursday, October 31, 2024, at 7:00 a.m. Mountain Time (9:00 a.m. Eastern Time). The call can be accessed by dialing:To ...

North American Construction Group Ltd.'s (NOA) , MacKellar Group, secured a five-year contract from an existing client, a major metallurgical coal producer in Queensland, Australia. The contract transitions the existing dry rental fleet to a fully maintained fleet under a renewed agreement. This marks NOA's second major long-term mining contract in 2024 in Australia, highlighting strong equipment demand in the region and the company's solid client relationships. The five-year contract, expiring on Sep. 30, ...

ACHESON, Alberta, Aug. 28, 2024 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. ("NACG" or "the Company") (TSX:NOA.TO/NYSE:NOA) today announced that the MacKellar Group ("MacKellar") has been awarded a five-year contract by an existing client, a leading metallurgical coal producer in the state of Queensland, Australia. The contract leverages an existing agreement to transition hired fleet currently under contract as dry rental to a fully maintained fleet. The five-year contract has an expiry date ...