North American Construction Group Ltd. (NOA) is a leading provider of comprehensive heavy construction, mining, and equipment maintenance solutions, with operations spanning ...
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$0.48 per share
Est. EPS $2.02 · Revenue $1.58B · 4 analysts
Est. EPS $0.74 · Revenue $456.61M · 1 analysts
Est. EPS $0.58 · Revenue $442.08M · 1 analysts
$0.48 per share
EPS CAD 0.34 · Revenue CAD 401.14M
EPS CAD 0.20 · Revenue CAD 320.04M
EPS CAD 1.14 · Revenue CAD 1.28B
EPS CAD 0.56 · Revenue CAD 317.25M
EPS CAD 0.33 · Revenue CAD 320.63M
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $1.3B | +10.2% | +25.3% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $33.8M | -23.3% | +68.5% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +12.6% | -29.9% | -20.5% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +8.6% | -34.9% | -20.2% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +2.6% | -30.3% | +34.4% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $-26.5M | +60.2% | +63.3% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | -2.1% | +63.9% | +70.7% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 201.8% | -4.9% | +22.0% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 0.88x | -15.7% | -4.1% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $1.8B | +7.3% | +19.5% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 1.14 vs 1.82 | -37.5% | 0.34 vs 0.74 | -54.0% |
| Revenue Surprise | $1.3B vs $1.3B | +0.0% | $401.1M vs $456.6M | -12.1% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Nov 2, 2018 | CANNELL CAPITAL LLC | 10 percent owner | Common Stock | A | 71,087 | $11.42 |
| Nov 1, 2018 | CANNELL CAPITAL LLC | 10 percent owner | Common Stock | D | 10,830 | $11.47 |
| Oct 9, 2018 | CANNELL CAPITAL LLC | 10 percent owner | Common Stock | D | 3,250 | $12.56 |
| Oct 8, 2018 | CANNELL CAPITAL LLC | 10 percent owner | Common Stock | D | 146,085 | $12.28 |
| Oct 5, 2018 | CANNELL CAPITAL LLC | 10 percent owner | Common Stock | D | 9,692 | $11.75 |
Operator: Good morning, ladies and gentlemen. Welcome to the North American Construction Group Conference Call regarding the second quarter ended June 30, 2026. [Operator Instructions] the company wishes to confirm that today's comments contain forward-looking information and that actual results could differ materially from a conclusion, forecast or projection contained in that forward-looking information. Certain material factors or assumptions were applied in drawing conclusions or in making forecasts or projections that are reflected in the forward-looking information. Additional information about those material factors is contained in the company's most recent management's discussion and analysis, which is available on SEDAR and EDGAR as well as on the company's website at nacg.ca. I will now turn the conference call over to Jason Veenstra, CFO. Jason Veenstra: Thanks, Jenny, and good morning, everyone. I'll start today's call with brief commentary on the financials, then pass the call to Barry for his operational and forward-looking comments, and we'll conclude as per usual with Q&A. Starting on Slide 4. We delivered $93 million of EBITDA in the first quarter, translating into year-over-year improvements in both adjusted earnings and margin performance. Combined revenue was up $86 million from last year, with IMC contributing $91 million of revenue in the quarter. Excluding IMC, Australia was up organically 15% in the quarter on commission growth assets and strong execution. Offsetting these increases was the year-over-year impact of the divestiture of the ultra-class haul trucks in Canada. The $456 million of total combined revenue finished off a strong first half foundation of over $875 million, supporting our 2026 combined revenue midpoint of $1.7 billion. Moving to Slide 5. Australia posted 13.6% gross profit margin and Canada delivered a combined adjusted margin of approximately 7% despite difficult seasonal conditions early in the quarter in both regions. These results reflected disciplined project execution, improved internal maintenance capability, lower repair costs and the implementation of continued fleet efficiency initiatives, and importantly, are trending in the right direction heading into the second half of 2026. Moving to Slide 6. Q2 EBITDA and EBIT were both up meaningfully from the prior year quarter on the acquisition of IMC and a more typical quarter from the Fargo joint ventures. Direct adjusted G&A was $15 million, or 3.8% of reported revenue, well below our 5% targeted threshold, demonstrating operating leverage on stronger revenue. Depreciation as a percent of combined revenue dropped to 13% from 16% last year as IMC's lower capital intensity resulted in the combined number being lower than our expected range midpoint of 15%. All told, adjusted EPS of $0.32 was generated by solid operational performance. Interest expense increased to $18.9 million from $14.1 million last year, reflecting the financing of our …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Barry Wade Palmer | President, Chief Executive Officer & Director | CAD 1,266,308 | Male | 1961 | Active |
Andre Desbiens | Managing Director of MacKellar Group | CAD 484,589 | Male | — | Active |
Thomas S. Arndell | Vice President of Asset Management | CAD 473,813 | Male | — | Active |
Jason William Veenstra | Chief Financial Officer | CAD 398,368 | Male | 1979 | Active |
Jordan A. Slator | Chief Legal Officer & Corporate Secretary | CAD 323,678 | Male | 1971 | Active |
David Grant Kallay | Chief People Officer | CAD 323,333 | Male | 1972 | Active |
Craig Nauta | Vice President of Operations | — | Male | — | Active |
North American Construction Group NYSE: NOA raised its 2026 combined revenue outlook after reporting stronger-than-expected first-half performance, supported by growth in Australia, the contribution from its IMC acquisition and improved operating activity across its markets.
North American Construction Group Ltd. (NOA:CA) Q2 2026 Earnings Call Transcript
North American Construction (NOA) came out with quarterly earnings of $0.23 per share, missing the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.01 per share a year ago.
Raises Full Year 2026 Combined Revenue Guidance on Record Q2 Top-Line Performance Raises Full Year 2026 Combined Revenue Guidance on Record Q2 Top-Line Performance
Vancouver, British Columbia--(Newsfile Corp. - August 11, 2026) - CDN Maverick Capital Corp. (CSE: CDN) (OTCQB: AXVEF) (FSE: 338B) ("Maverick" or the "Company") is pleased to provide a corporate update on its development strategy, the advancement of its James Bay Project in Québec and the Company's broader financial and strategic position. Sandy MacDougall, Executive Chairman of CDN Maverick, commented: "Maverick continues to successfully execute a project-generator approach to amassing and advancing highly prospective projects; utilizing them to create and maximize value for shareholders.
