North American Construction Group Ltd. provides mining and heavy construction services to the resource development and industrial construction sectors in Canada and the United States The company's Heavy Construction & Mining division offers constructability reviews, budgetary cost estimates, design-build construction, project management, contract mining, pre-stripping/pit pioneering, overburden removal and stockpile, muskeg removal and stockpile, site preparation, air strip construction, site dewatering/perimeter ditching, tailings and process pipelines, haulage and access road construction, tailings dam construction and densification, mechanically stabilized earth walls, dyke construction, and reclamation services. Its Equipment Maintenance Services division provides fuel and lube servicing, portable steaming, equipment inspections, parts and component supply, major overhauls and equipment refurbishment, onsite haul truck brake testing, onsite maintenance support, under carriage rebuild, machining, hose manufacturing, and technical support services, as well as welding, fabrication/repairs, weld certification, and inspection services. As of December 31, 2020, the company had a heavy equipment fleet of 626 units. The company was formerly known as North American Energy Partners Inc. and changed its name to North American Construction Group Ltd. in April 2018. The company was founded in 1953 and is headquartered in Acheson, Canada.
IPO Year: 2006
Exchange: NYSE
Website: nacg.ca
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/18/2024 | Hold → Buy | TD Cowen | |
| 9/28/2023 | Buy → Hold | TD Securities | |
| 7/27/2023 | Hold → Buy | TD Securities | |
| 1/25/2022 | Neutral | CIBC | |
| 12/9/2021 | Hold → Buy | TD Securities | |
| 12/9/2021 | $23.00 → $25.00 | Hold → Buy | TD Securities |
6-K - North American Construction Group Ltd. (0001368519) (Filer)
6-K - North American Construction Group Ltd. (0001368519) (Filer)
6-K - North American Construction Group Ltd. (0001368519) (Filer)
6-K - North American Construction Group Ltd. (0001368519) (Filer)
6-K - North American Construction Group Ltd. (0001368519) (Filer)
6-K - North American Construction Group Ltd. (0001368519) (Filer)
6-K - North American Construction Group Ltd. (0001368519) (Filer)
6-K - North American Construction Group Ltd. (0001368519) (Filer)
6-K - North American Construction Group Ltd. (0001368519) (Filer)
6-K - North American Construction Group Ltd. (0001368519) (Filer)
ACHESON, Alberta, Nov. 21, 2024 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. ("NACG" or "the Company") (TSX:NOA, NYSE:NOA) today announced that Mikisew North American Limited Partnership ("MNALP") has been awarded a heavy civil construction contract by a major producer in the oil sands region. The project involves building large diversion ditches to redirect water from upstream catchments away from active mining areas and releasing into downstream locations. The award of this two-year project, expected to generate revenue for the Company of approximately $125 million, reflects the operating expertise and client trust NACG has gained over on our long history in the region. Th
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, 2024. As at October 24, 2024, the Company had 27,827,282 Common Shares issued and outstanding. Purchases of Common Shares under the NCIB may be made through the facilities of the Toronto
ACHESON, Alberta, Oct. 30, 2024 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. ("NACG") (TSX:NOA, 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 best operational quarter to date from the Australian fleet of the MacKellar Group which was acquired on October 1, 2023.Reported revenue of $286.9 million, compared to $196.9 mill
ACHESON, Alberta, Oct. 25, 2024 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. ("NACG" or "the Company") (TSX:NOA, 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 this opportunity to once again thank National Bank Financial and our syndicate partners for their ongoing support," Jason Veenstra, Chief Financial Officer stated. "It is encouraging to ha
ACHESON, Alberta, Oct. 21, 2024 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. ("NACG" or "the Company") (TSX:NOA, 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:Toll free: 1-800-717-1738Conference ID: 86919 A replay will be available through November 29, 2024, by dialing:Toll Free: 1-888-660-6264Conference ID: 86919Playback Passcode: 86919
ACHESON, Alberta, Aug. 28, 2024 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. ("NACG" or "the Company") (TSX:NOA, 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 of September 30, 2029 and qualifies as contractual backlog given minimum hour commitments in the agreement. Scopes awarded for fully maintained equipment and related services are est
ACHESON, Alberta, July 31, 2024 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. ("NACG") (TSX:NOA, NYSE:NOA) today announced results for the second quarter ended June 30, 2024. Unless otherwise indicated, financial figures are expressed in Canadian dollars, and comparisons are to the prior period ended June 30, 2023. Second Quarter 2024 Highlights: Combined revenue of $329.7 million compared favorably to $278.6 million in the same period last year, is a second quarter record and reflected best operational quarter to date from the Australian fleet of the MacKellar Group which was acquired on October 1, 2023.Reported revenue of $276.3 million, compared to $195.2 million in the s
ACHESON, Alberta, July 18, 2024 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. ("NACG" or "the Company") (TSX:NOA, NYSE:NOA) announced today that it will release its financial results for the second quarter ended June 30, 2024 on Wednesday, July 31, 2024 after markets close. Following the release of its financial results, NACG will hold a conference call and webcast on Thursday, August 1, 2024, at 7:00 a.m. Mountain Time (9:00 a.m. Eastern Time). The call can be accessed by dialing:Toll free: 1-800-717-1738Conference ID: 50329 A replay will be available through September 2, 2024, by dialing:Toll Free: 1-888-660-6264Conference ID: 50329Playback Passcode: 50329 A slide deck fo
ACHESON, Alberta, May 16, 2024 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. ("NACG" or "the Company") (TSX:NOA, NYSE:NOA) today announced the results of its Annual Meeting of Shareholders held on May 15, 2024. Shareholders elected directors, approved the appointment of KPMG LLP as the independent auditors of the Company and approved a non-binding advisory vote regarding the Company's approach to executive compensation. The following are the results of the votes held at the meeting: Outcome VotesFor Withheldor AgainstElection of Martin R. Ferron as director Passed 99.27% 0.73%Election of Vanessa A. Guthrie as director Passed 98.84% 1.16%Election of Joseph C. Lambert as direc
ACHESON, Alberta, May 01, 2024 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. ("NACG") (TSX:NOA, NYSE:NOA) today announced results for the first quarter ended March 31, 2024. Unless otherwise indicated, financial figures are expressed in Canadian dollars, and comparisons are to the prior period ended March 31, 2023. First Quarter 2024 Highlights: Combined revenue of $345.7 million compared favorably to $322.3 million in the same period last year, is a first quarter record and reflected a second consecutive strong operational quarter from the Australian fleet of the MacKellar Group which was acquired on October 1, 2023.Reported revenue of $297.0 million, compared to $244.3
ACHESON, Alberta, Oct. 30, 2024 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. ("NACG") (TSX:NOA, 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 best operational quarter to date from the Australian fleet of the MacKellar Group which was acquired on October 1, 2023.Reported revenue of $286.9 million, compared to $196.9 mill
ACHESON, Alberta, Oct. 21, 2024 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. ("NACG" or "the Company") (TSX:NOA, 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:Toll free: 1-800-717-1738Conference ID: 86919 A replay will be available through November 29, 2024, by dialing:Toll Free: 1-888-660-6264Conference ID: 86919Playback Passcode: 86919
ACHESON, Alberta, July 31, 2024 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. ("NACG") (TSX:NOA, NYSE:NOA) today announced results for the second quarter ended June 30, 2024. Unless otherwise indicated, financial figures are expressed in Canadian dollars, and comparisons are to the prior period ended June 30, 2023. Second Quarter 2024 Highlights: Combined revenue of $329.7 million compared favorably to $278.6 million in the same period last year, is a second quarter record and reflected best operational quarter to date from the Australian fleet of the MacKellar Group which was acquired on October 1, 2023.Reported revenue of $276.3 million, compared to $195.2 million in the s
ACHESON, Alberta, July 18, 2024 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. ("NACG" or "the Company") (TSX:NOA, NYSE:NOA) announced today that it will release its financial results for the second quarter ended June 30, 2024 on Wednesday, July 31, 2024 after markets close. Following the release of its financial results, NACG will hold a conference call and webcast on Thursday, August 1, 2024, at 7:00 a.m. Mountain Time (9:00 a.m. Eastern Time). The call can be accessed by dialing:Toll free: 1-800-717-1738Conference ID: 50329 A replay will be available through September 2, 2024, by dialing:Toll Free: 1-888-660-6264Conference ID: 50329Playback Passcode: 50329 A slide deck fo
ACHESON, Alberta, May 01, 2024 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. ("NACG") (TSX:NOA, NYSE:NOA) today announced results for the first quarter ended March 31, 2024. Unless otherwise indicated, financial figures are expressed in Canadian dollars, and comparisons are to the prior period ended March 31, 2023. First Quarter 2024 Highlights: Combined revenue of $345.7 million compared favorably to $322.3 million in the same period last year, is a first quarter record and reflected a second consecutive strong operational quarter from the Australian fleet of the MacKellar Group which was acquired on October 1, 2023.Reported revenue of $297.0 million, compared to $244.3
ACHESON, Alberta, April 19, 2024 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. ("NACG" or "the Company") (TSX:NOA, NYSE:NOA) announced today that it will release its financial results for the first quarter ended March 31, 2024 on Wednesday, May 1, 2024 after markets close. Following the release of its financial results, NACG will hold a conference call and webcast on Thursday, May 2, 2024, at 7:00 a.m. Mountain Time (9:00 a.m. Eastern Time). The call can be accessed by dialing:Toll free: 1-800-717-1738Conference ID: 92465 A replay will be available through June 3, 2024, by dialing:Toll Free: 1-888-660-6264Conference ID: 92465Playback Passcode: 92465 A slide deck for the web
ACHESON, Alberta, March 13, 2024 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. ("NACG") (TSX:NOA, NYSE:NOA) today announced results for the fourth quarter and year ended December 31, 2023. Unless otherwise indicated, figures are expressed in Canadian dollars with comparisons to prior periods ended December 31, 2022. Fourth Quarter 2023 Highlights: Closure of the MacKellar Group ("MacKellar") acquisition on October 1, 2023, a seamless change in control, and three months of strong equipment utilization provided a full quarter of operating results in Australia, and a step change in geographic diversification.The allocated purchase price of MacKellar was $369.7 million, net of c
ACHESON, Alberta, Feb. 21, 2024 (GLOBE NEWSWIRE) -- On February 20, 2024, the North American Construction Group Ltd. ("NACG" or "the Company") (TSX:NOA, NYSE:NOA) Board of Directors declared a regular quarterly dividend (the "Dividend") of ten Canadian cents ($0.10) per common share, payable to common shareholders of record at the close of business on March 8, 2024. The Dividend will be paid on April 5, 2024, and is an eligible dividend for Canadian income tax purposes. About the Company North American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Canada, the U.S. and Australia. For 70 years, NACG has provided services to the mining, res
ACHESON, Alberta, Feb. 14, 2024 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. ("NACG" or "the Company") (TSX:NOA, NYSE:NOA) announced today that it will release its financial results for the fourth quarter ended December 31, 2023 on Wednesday, March 13, 2024 after markets close. Following the release of its financial results, NACG will hold a conference call and webcast on Thursday, March 14, 2024, at 7:00 a.m. Mountain Time (9:00 a.m. Eastern Time). The call can be accessed by dialing:Toll free: 1-888-886-7786Conference ID: 29416987 A replay will be available through April 12, 2024, by dialing:Toll Free: 1-877-674-7070Conference ID: 29416987Playback Passcode: 41
ACHESON, Alberta, Nov. 01, 2023 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. ("NACG") today announced results for the third quarter ended September 30, 2023. Unless otherwise indicated, financial figures are expressed in Canadian dollars, and comparisons are to the prior period ended September 30, 2022. Third Quarter 2023 Highlights: Reported revenue of $194.7 million, compared to $191.4 million in the same period last year, was generated primarily by the heavy equipment fleet in the oil sands region. Equipment utilization of 56%, compared to 62% in Q3 2022, was impacted by changes in work scope and the time required to move heavy equipment into the Fort Hills m
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North American (NYSE:NOA) reported quarterly earnings of $0.58 per share which missed the analyst consensus estimate of $0.64 by 9.38 percent. This is a 18.31 percent decrease over earnings of $0.71 per share from the same period last year. The company reported quarterly sales of $220.37 million which missed the analyst consensus estimate of $251.05 million by 12.22 percent. This is a 22.80 percent increase over sales of $179.46 million the same period last year.
TD Cowen analyst Aaron Macneil upgrades North American (TSX:NOA) from Hold to Buy.
North American (NYSE:NOA) reported its Q4 earnings results on Wednesday, March 13, 2024 at 05:05 PM. Here's what investors need to know about the announcement. Earnings North American missed estimated earnings by -14.000000000000002%, reporting an EPS of $0.64 versus an estimate of $0.74. Revenue was up $65.96 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.05 which was followed by a 1.0% drop in the share price the next day. Here's a look at North American's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.45 0.26 0.61 0.57 EPS Actual 0.40 0.35 0.71 0.82 Revenue Estimate 161.67M 137.34M 165.08M
North American (NYSE:NOA) reported quarterly earnings of $0.64 per share which missed the analyst consensus estimate of $0.74 by 13.51 percent. This is a 21.95 percent decrease over earnings of $0.82 per share from the same period last year. The company reported quarterly sales of $239.75 million which missed the analyst consensus estimate of $249.73 million by 4.00 percent. This is a 37.96 percent increase over sales of $173.78 million the same period last year.
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North American (NYSE:NOA) is set to give its latest quarterly earnings report on Wednesday, 2024-03-13. Here's what investors need to know before the announcement. Analysts estimate that North American will report an earnings per share (EPS) of $0.74. North American bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company missed EPS by $0.05, which was followed by a 0.95% drop in the sha
North American (NYSE:NOA) is set to give its latest quarterly earnings report on Wednesday, 2024-03-13. Here's what investors need to know before the announcement. Analysts estimate that North American will report an earnings per share (EPS) of $0.74. North American bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company missed EPS by $0.05, which was followed by a 0.95% drop in the sha
ACHESON, Alberta, May 16, 2024 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. ("NACG" or "the Company") (TSX:NOA, NYSE:NOA) today announced the results of its Annual Meeting of Shareholders held on May 15, 2024. Shareholders elected directors, approved the appointment of KPMG LLP as the independent auditors of the Company and approved a non-binding advisory vote regarding the Company's approach to executive compensation. The following are the results of the votes held at the meeting: Outcome VotesFor Withheldor AgainstElection of Martin R. Ferron as director Passed 99.27% 0.73%Election of Vanessa A. Guthrie as director Passed 98.84% 1.16%Election of Joseph C. Lambert as direc
ACHESON, Alberta, March 01, 2024 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. ("NACG" or "the Company") ((TSX &, NYSE:NOA) announced today the appointment of Dr. Vanessa Guthrie AO to its Board of Directors, effective March 1, 2024. Dr. Guthrie has broad strategic experience in the natural resources sector in Australia, spanning more than 30 years. She has held a diverse array of senior leadership positions across operations, indigenous affairs, corporate development, and sustainability. These include being the Managing Director of Toro Energy Limited, an Australia Stock Exchange ("ASX") listed company involved in uranium mining, Vice President of Sustainable Development fo
ACHESON, Alberta, May 04, 2023 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. ("NACG" or "the Company") (TSX:NOA, NYSE:NOA) today announced the results of its Annual Meeting of Shareholders held on May 3, 2023. Shareholders elected directors, approved the appointment of KPMG LLP as the independent auditors of the Company and approved a non-binding advisory vote regarding the Company's approach to executive compensation. The following are the results of the votes held at the meeting: OutcomeVotes ForWithheld or AgainstElection of Martin R. Ferron as directorPassed99.37%0.63%Election of Joseph C. Lambert as directorPassed99.97%0.03%Election of Bryan D. Pinney as directorPassed97
ACHESON, Alberta, May 06, 2022 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. ("NACG" or "the Company") (TSX:NOA, NYSE:NOA) today announced the results of its Annual and Special Meeting of Shareholders held on May 4, 2021. Shareholders elected directors, approved the appointment of KPMG LLP as the independent auditors of the Company and approved a non-binding advisory vote regarding the Company's approach to executive compensation. The following are the results of the votes held at the meeting: OutcomeVotes ForWithheld or AgainstElection of Martin R. Ferron as directorPassed96.23%3.77%Election of Bryan D. Pinney as directorPassed98.91%1.09%Election of John J. Pollesel as direc
ACHESON, Alberta, May 07, 2021 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. ("NACG" or "the Company") (TSX:NOA, NYSE:NOA) today announced the results of its Annual and Special Meeting of Shareholders held on May 5, 2021. Shareholders elected directors, approved the appointment of KPMG LLP as the independent auditors of the Company, approved a non-binding advisory vote regarding the Company's approach to executive compensation and approved unallocated options under the Company Share Option Plan. The following are the results of the votes held at the meeting: OutcomeVotesForWithheldor AgainstElection of Martin R. Ferron as directorPassed98.60%1.40%Election of Joseph C. Lambert
ACHESON, Alberta, Feb. 17, 2021 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. (“NACG”) (TSX:NOA/NYSE:NOA) today announced results for the fourth quarter and year ended December 31, 2020. Unless otherwise indicated, financial figures are expressed in Canadian dollars, and comparisons are to the prior period ended December 31, 2019. Fourth Quarter and Year Ended 2020 Highlights: Adjusted EBITDA of $46.2 million resulted in full year adjusted EBITDA of $175.5 million. Both are consistent with prior year, reflecting a continued recovery to pre-pandemic levels as the year progressed and a demonstrated ability to react quickly and implement cost discipline when required.Gross prof
TD Cowen upgraded North American Construction Group from Hold to Buy
TD Securities downgraded North American Construction Group from Buy to Hold
TD Securities upgraded North American Construction Group from Hold to Buy
CIBC initiated coverage of North American Construction Group with a rating of Neutral
TD Securities upgraded North American Construction Group from Hold to Buy
TD Securities upgraded North American from Hold to Buy and set a new price target of $25.00 from $23.00 previously
BMO Capital Markets reiterated coverage of North American Construction Group with a rating of Outperform and set a new price target of $18.00 from $17.00 previously
Raymond James upgraded North American Construction Group from to Outperform
Canaccord Genuity reiterated coverage of North American Construction Group with a rating of Buy and set a new price target of $20.00 from $16.00 previously
ATB Capital resumed coverage of North American Construction Group with a rating of Buy and set a new price target of $16.50