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North American Construction Group Ltd (TSE:NOA)
TSX:NOA
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.75Last Year’s EPS
0.39Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 19, 2025
|% Change Since: -2.29%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong revenue growth and operational performance, particularly in Australia, with record backlog and positive free cash flow. However, challenges in the Canadian oil sands, weather impacts in Australia, and slower-than-expected progress in non-oil sands mining in Canada were noted as concerns.Company Guidance
During the North American Construction Group's fourth-quarter 2024 conference call, management provided detailed guidance and metrics for the upcoming year. The company reported a record annual revenue, bolstered by strong growth in Australia, and ended the year with a record backlog of $3.5 billion. Major contract expansions included a four-year $500 million regional contract in the Canadian oil sands and a $100 million mining project in New South Wales. The Australian operations were highlighted as a key growth driver, maintaining an 82% utilization rate and contributing significantly to the company's 27.8% EBITDA margin. For 2025, the company expects combined revenue between $1.4 billion to $1.6 billion, with adjusted EBITDA projected between $415 million to $445 million. Additionally, the company aims for a net debt leverage target of 1.7 and plans to expand its infrastructure projects to 25% of its business, with a strong focus on U.S. and Australian markets.Record Annual Revenue in 2024
The company achieved record annual revenue, driven by strong growth in Australia. The MacKellar Group achieved its highest revenue quarter ever in Q4.
Significant Backlog Growth
The year ended with a record backlog of $3.5 billion after major contract wins, including a four-year $500 million regional contract extension in the Canadian oil sands and other significant projects.
Strong EBITDA and Margin Performance
Q4 EBITDA was $104 million with a 27.8% margin, demonstrating strong operational performance in both Australia and Canada.
Australian Business Exceeds Expectations
The MacKellar acquisition in Australia drove 2024 growth, with high utilization and positive returns on capital, positioning the company well for future growth.
Improvement in Canadian Fleet Utilization
Canadian fleet utilization improved to 54% in Q4, with expectations to reach a target range of 75% by the end of 2025.
Strong Free Cash Flow and Debt Reduction
Free cash flow of $50 million was reported, contributing to a reduction in net debt, which ended the quarter at $856 million.
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North American Construction Group (TSE:NOA) Earnings, Revenues Date & History
TSE:NOA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:NOA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 19, 2025 | C$24.87 | C$23.68 | -4.78% |
| Oct 30, 2024 | C$23.70 | C$26.89 | +13.46% |
| Jul 31, 2024 | C$27.26 | C$25.42 | -6.73% |
| May 01, 2024 | C$28.60 | C$27.84 | -2.65% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does North American Construction Group Ltd (TSE:NOA) report earnings?
North American Construction Group Ltd (TSE:NOA) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is North American Construction Group Ltd (TSE:NOA) earnings time?
North American Construction Group Ltd (TSE:NOA) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:NOA EPS forecast?
TSE:NOA EPS forecast for the fiscal quarter 2025 (Q1) is 0.75.
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