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North American Construction Group Ltd (NOA)
NYSE:NOA
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.69Last Year’s EPS
$0.4Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 24.80%
|Next Earnings Date:Feb 12, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong quarter with record financial metrics and successful execution in the Australian segment. However, challenges remain with Canadian utilization targets delayed and oil sands revenue consistency issues. Strategic partnerships and shareholder-focused actions like dividend increases and share buybacks underscore a positive outlook.Company Guidance
In the Q3 2024 earnings call for North American Construction Group (NOA.TO), several key metrics and guidance points were discussed. The company reported a record EBITDA of $106 million with a 29% margin, largely driven by their operations in Australia. They achieved a record quarterly fleet utilization of 84% in Australia, just shy of their 85% target, while the Canadian fleet utilization improved to 51% from a Q2 low of 42%, with expectations to reach the 60s by year-end. The firm's trailing 12-month total recordable rate improved to 0.39, remaining below the industry target frequency of 0.5. On the financial side, the adjusted earnings per share stood at $1.17, impacted by higher acquisition-related interest costs. The company ended the quarter with net debt of $883 million, with a leverage ratio of 2.3x, expecting a decrease in Q4 driven by strong free cash flow. The bid pipeline is robust, with over $10 billion, and the year-end backlog is projected to remain above $3 billion. Looking forward, NOA anticipates a continued strong performance, especially from their Australian operations, and announced a 20% dividend increase along with a normal course issuer bid, demonstrating a focus on shareholder returns.Record Quarter Across Financial Metrics
Q3 2024 was a record quarter with headline EBITDA numbers of $106 million and a 29% margin, marking four consecutive successful quarters. The Australian business notably drove this success with a record equipment utilization of 84%.
Strong Performance in Joint Ventures
The Fargro and Nuna joint ventures performed well with significant contributions, and the Fargomori project achieved strong operational metrics, contributing to a $12 million increase in revenue quarter-over-quarter.
Strategic Partnerships and Procurement
Finalization of a parts and component supply agreement with Finning is expected to improve fleet reliability and lower costs, supporting growth plans.
Dividend and Shareholder Focus
Announcement of a 20% dividend increase and a normal course issuer bid, highlighting the company's commitment to investing free cash flow in shareholder-focused ways.
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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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NOA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $17.18 | $19.53 | +13.68% |
| Jul 31, 2024 | $19.89 | $18.47 | -7.14% |
| May 01, 2024 | $20.97 | $20.48 | -2.34% |
| Mar 13, 2024 | $25.20 | $22.96 | -8.89% |
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 (NOA) report earnings?
North American Construction Group Ltd (NOA) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is North American Construction Group Ltd (NOA) earnings time?
North American Construction Group Ltd (NOA) earnings time is at Feb 12, 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 NOA EPS forecast?
NOA EPS forecast for the fiscal quarter 2024 (Q4) is $0.69.
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