North American Construction Group ( (TSE:NOA) ) just unveiled an announcement.
North American Construction Group Ltd. reported a decrease in revenue for the fourth quarter of 2024 compared to the same period in 2023, primarily due to lower demand for its Canadian heavy equipment fleet. Despite this, the company achieved improved adjusted EBITDA margins, driven by operational excellence in both Australia and Canada. Significant contract awards in Australia and Canada, including a $125 million heavy civil construction project and a $500 million regional services contract, highlight the company’s strong market position and potential for future growth.
More about North American Construction Group
North American Construction Group Ltd. operates in the heavy construction and mining industries, providing services such as heavy civil construction and mining support. The company focuses on markets in North America and Australia, leveraging its expertise in infrastructure and resource development projects.
YTD Price Performance: -21.16%
Average Trading Volume: 62,571
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $455.7M
For an in-depth examination of NOA stock, go to TipRanks’ Stock Analysis page.