North American Construction Group (TSE:NOA) has released an update.
North American Construction Group Ltd. reported a strong second quarter in 2024, with record combined revenue of $329.7 million, up from $278.6 million the previous year, largely due to robust operations in Australia. Adjusted EBITDA increased significantly to $86.9 million, reflecting a 26.3% margin compared to 18.6% in the prior period, indicating efficient management and operational excellence. Despite challenges in the first half of the year, the company remains optimistic about the remainder of 2024, expecting second-half earnings per share to range between $2.40 and $2.60.
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