North American Construction reports Q4 adjusted EPS (14c), consensus 72c

Reports Q4 revenue $344.0M, consensus $311.83M. “2025 marked a year of record revenue for NACG, reflecting the continued growth and diversification of our global platform,” CEO Barry Palmer commented. “However, earnings during the year were severely impacted by a number of extraordinary one-time project-level adjustments. Specific to the fourth quarter, we recognized a life-to-date adjustment for updated cost to complete of the structures, railroads and aqueducts within the Fargo-Moorhead flood diversion project. Notably, our portion of the project, the large-scale earthworks, have continued to perform well – as expected. In addition, above average rain events in Queensland had a negative impact late in the quarter. Looking ahead, we are entering 2026 with a very different, significantly more positive and stable outlook based on clear operational priorities and strong demand across our markets,” Palmer continued.