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North American Construction Group Ltd (NO:NOA)

Business Focus: Oil Related Services and Equipment

Sector:  Energy Industry:  Oil Related Services and Equipment
 
Company Contact
Address: 27287 100 Ave
ACHESON AB T7X 6H8
Tel: N/A
Website: https://nacg.ca
IR: See website
Key People
Joseph C. Lambert
President, Chief Executive Officer, Director
Jason William Veenstra
Chief Financial Officer, Executive Vice President
Barry W. Palmer
Chief Operating Officer
Jordan A. Slator
Vice President, General Counsel, Corporate Secretary
David G. Kallay
Vice President, Human Resources, Health, Safety, Environment
 
Business Overview
North American Construction Group Ltd. is a Canada-based company. The Company provides a range of mining and heavy civil construction services to customer in the resource development and industrial construction sectors within Canada, the United States, and Australia. Its segments are Heavy Equipment - Canada, Heavy Equipment - Australia, and Other. Heavy Equipment - Canada and Heavy Equipment - Australia includes all of aspects of the mining and heavy civil construction services provided within those geographic areas. Other includes its mine management contract work in the United States, its external maintenance and rebuild programs and its equity method investments. The Company provides a range of mining and heavy construction services to customers in the resource development, and industrial construction sectors.
Financial Overview
For the nine months ended 30 September 2023, North American Construction Group Ltd revenues increased 18% to C$630.9M. Net income increased 10% to C$45.5M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was partially offset by General and administrative expenses increase from C$18.3M to C$38.6M (expense), Equity Earnings -Before Taxes decrease of 18% to C$23.4M (income).