North American Construction ( (NOA) ) has released its Q2 earnings. Here is a breakdown of the information North American Construction presented to its investors.
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North American Construction Group Ltd. is a leading provider of heavy civil construction and mining services across Australia, Canada, and the U.S., known for its extensive experience in the mining, resource, and infrastructure construction markets. In its latest earnings report for the second quarter of 2025, NACG reported a 12% increase in combined revenue to $370.6 million, although gross profit declined by 37% to $39.8 million. The company faced challenges that impacted its adjusted EPS, which dropped by 98% to $0.02, and adjusted EBITDA, which decreased by 12% to $80.1 million. Key operational highlights include a 14% revenue increase in the Heavy Equipment – Australia segment and a 20% rise in the Heavy Equipment – Canada segment, driven by expanded fleet and project ramp-ups. However, the company faced cost pressures due to subcontractor reliance and project disruptions. Despite these challenges, NACG remains optimistic about the second half of 2025, expecting consistent revenue in the oil sands sector and projecting long-term growth through ongoing Australian expansion and new infrastructure projects.