North American Construction Group Ltd（NOA）のニュースとイベントNOANorth American Construction Group Ltd

Company Reports Q3 Revenue of C$413.28M, Beating Expectations

Reports Q3 revenue C$413.28M, consensus C$405.62M. "Revenue remained near our quarterly record of $450 million, underpinning our raised full-year revenue outlook. We are seeing tangible benefits from fleet optimization in Canada and further opportunities to improve productivity and returns across our Australian businesses. While our core businesses delivered less improvement than anticipated and Fargo was a significant disappointment, we have already applied the lessons from that project to our approach to project selection and operating structures," commented Barry Palmer, President and Chief Executive Officer.

NACG Cuts FY26 Adjusted EBITDA Outlook to C$370M-$400M

Consensus C$1.52B. Cuts FY26 adjusted EBITDA view to C$370M-$400M from C$380M-C$420M. "We are raising our full-year combined revenue outlook range to $1.7 billion to $1.8 billion, while tightening our adjusted EBITDA guidance range to $370 million to $400 million to reflect a slower pace of earnings improvement than anticipated," said Jason Veenstra, Chief Financial Officer of NACG. "Our $3.2 billion contractual backlog supports the revised outlook, and we expect fourth-quarter improvement from the continued ramp-up of IMC, stronger Australian margins, increased oil sands utilization, and Nuna's fleet expansion in Nunavut. Delivering the $385 million adjusted EBITDA midpoint will require disciplined execution, with our focus on translating the operating opportunities into improved profitability."

North American Construction Appoints Brad Rogers as CEO

North American Construction appointed Brad Rogers as the company's President and CEO effective December 1. Rogers will also join the company's board of directors as of the same date. Rogers is an executive with more than 30 years' experience across mining, mining services, industrial services, engineering, infrastructure development and corporate finance. Since August 2022 he has served as CEO and Managing Director of Jupiter Mines, an ASX-listed mining company. Before Jupiter he served as CEO and Managing Director of Bis Industries, a provider of production services to the mining and industrial sectors across Australia and Indonesia. He originally joined Bis in 2008 as General Manager of Commercial, subsequently being appointed CEO and Managing director in 2015.