ACHESON, Alberta, July 26, 2023 (GLOBE NEWSWIRE) — North American Construction Group Ltd. (“NACG” or the “Company”) (TSX:NOA) today announced that it has entered into a definitive purchase and sale agreement to acquire (the “Transaction”) MacKellar Group (“MacKellar”) for an estimated $395 million (the “Consideration”). MacKellar Group, with its heavy construction equipment fleet, is an Australia-based provider of heavy earthworks solutions to the mining and civil sectors, with a strong reputation derived from decades of reliable performance. The Transaction will significantly expand NACG’s capability and allow the Company to serve a highly valuable and diversified base of customers globally.

The … Continue Reading

ACHESON, Alberta, July 26, 2023 (GLOBE NEWSWIRE) — North American Construction Group Ltd. (“NACG”) today announced results for the second quarter ended June 30, 2023. Unless otherwise indicated, financial figures are expressed in Canadian dollars, and comparisons are to the prior period ended June 30, 2022.

Second Quarter 2023 Highlights:

Equipment utilization of 61% benefited from the strong momentum heading into the quarter, a quick spring break up in April, and continued steady demand for heavy equipment but was impacted in June by unusually wet weather as well as a required fleet remobilization in the oil sands region.

Reported revenue

… Continue Reading

ACHESON, Alberta, July 13, 2023 (GLOBE NEWSWIRE) — North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA.TO/NYSE:NOA) announced today that it will release its financial results for the second quarter ended June 30, 2023 on Wednesday, July 26, 2023 after markets close. Following the release of its financial results, NACG will hold a conference call and webcast on Thursday, July 27, 2023, at 6:00 a.m. Mountain Time (8:00 a.m. Eastern Time).

The call can be accessed by dialing:
Toll free: 1-888-886-7786
Conference ID: 47287641

A replay will be available through September 1, 2023, by dialing:
Toll Free: 1-877-674-7070
Conference … Continue Reading

ACHESON, Alberta, May 04, 2023 (GLOBE NEWSWIRE) — North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA/NYSE:NOA) today announced the results of its Annual Meeting of Shareholders held on May 3, 2023. Shareholders elected directors, approved the appointment of KPMG LLP as the independent auditors of the Company and approved a non-binding advisory vote regarding the Company’s approach to executive compensation. The following are the results of the votes held at the meeting:

  Outcome Votes For Withheld or Against Election of Martin R. Ferron as director Passed 99.37% 0.63% Election of Joseph C. Lambert as director Passed 99.97% 0.03%… Continue Reading

ACHESON, Alberta, April 26, 2023 (GLOBE NEWSWIRE) — North American Construction Group Ltd. (“NACG”) (TSX:NOA/NYSE:NOA) today announced results for the first quarter ended March 31, 2023. Unless otherwise indicated, financial figures are expressed in Canadian dollars, and comparisons are to the prior period ended March 31, 2022.

First Quarter 2023 Highlights:

Equipment utilization of 79% from strong demand, stable maintenance headcount and consistent operating conditions through the end of the quarter resulted in the Company posting a quarterly record for combined revenue.

Combined revenue of $320.6 million compared to $236.6 million in the same period last year reflected record revenue

… Continue Reading

ACHESON, Alberta, April 17, 2023 (GLOBE NEWSWIRE) — North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA.TO/NYSE:NOA) announced today that it will release its financial results for the first quarter ended March 31, 2023 on Wednesday, April 26, 2023 after markets close. Following the release of its financial results, NACG will hold a conference call and webcast on Thursday, April 27, 2023, at 7:00 a.m. Mountain Time (9:00 a.m. Eastern Time).

The call can be accessed by dialing:
Toll free: 1-888-396-8049
Conference ID: 75191345

A replay will be available through June 1, 2023, by dialing:
Toll Free: 1-877-674-7070
Conference … Continue Reading

ACHESON, Alberta, March 09, 2023 (GLOBE NEWSWIRE) — North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA.TO/NYSE:NOA) announced today that the regular quarterly dividend previously announced on February 14, 2023 (the “Dividend”) will be paid on April 6, 2023 rather than on the previously announced date of April 7, 2023. Other details of the dividend remain unchanged.

About the Company

North American Construction Group Ltd. (www.nacg.ca) is one of Canada’s largest providers of heavy civil construction and mining contractors. For more than 65 years, NACG has provided services to large oil, natural gas and resource companies.

For further information … Continue Reading

ACHESON, Alberta, Feb. 15, 2023 (GLOBE NEWSWIRE) — North American Construction Group Ltd. (“NACG”) (TSX:NOA/NYSE:NOA) today announced results for the fourth quarter and year ended December 31, 2022. Unless otherwise indicated, figures are expressed in Canadian dollars with comparisons to prior periods ended December 31, 2021.

Fourth Quarter 2022 Highlights:

Consistent operating conditions and equipment utilization of 75% resulted in the Company posting financial quarterly records for EBITDA, EBIT, earnings per share and free cash flow.

Combined revenue of $320.1 million compared to $234.9 million in the same period last year reflected strong equipment utilization and a record quarter from

… Continue Reading

ACHESON, Alberta, Feb. 01, 2023 (GLOBE NEWSWIRE) — North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA.TO/NYSE:NOA) announced today that it will release its financial results for the Fourth Quarter and Year ended December 31, 2022 on Wednesday, February 15, 2023 after markets close. Following the release of its financial results, NACG will hold a conference call and webcast on Thursday, February 16, 2023, at 7:00 a.m. Mountain Time (9:00 a.m. Eastern Time).

The call can be accessed by dialing:
Toll free: 1-888-886-7786
Conference ID: 79349092

A replay will be available through March 16, 2023, by dialing:
Toll Free: … Continue Reading

ACHESON, Alberta, Oct. 26, 2022 (GLOBE NEWSWIRE) — North American Construction Group Ltd. (“NACG”) today announced results for the third quarter ended September 30, 2022. Unless otherwise indicated, financial figures are expressed in Canadian dollars, and comparisons are to the prior period ended September 30, 2021.

Third Quarter 2022 Highlights:

Strong consistent operating performance & equipment utilization resulted in third quarter records for combined revenue and adjusted EBITDA, EBIT and earnings per share.

Revenue was $191.4 million, up from $166.0 million in the same period last year. Revenue generated by NACG’s core heavy equipment fleet was up 18% quarter over

… Continue Reading

ACHESON, Alberta, Oct. 13, 2022 (GLOBE NEWSWIRE) — North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA.TO/NYSE:NOA) announced today that it will release its financial results for the Third Quarter ended September 30, 2022 on Wednesday, October 26, 2022 after markets close. Following the release of its financial results, NACG will hold a conference call and webcast on Thursday, October 27, 2022, at 7:00 a.m. Mountain Time (9:00 a.m. Eastern Time).

The call can be accessed by dialing:
Toll free: 1-888-886-7786
Conference ID: 62963278

A replay will be available through November 24, 2022, by dialing:
Toll Free: 1-877-674-7070
Conference … Continue Reading

ACHESON, Alberta, Sept. 20, 2022 (GLOBE NEWSWIRE) — North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA.TO/NYSE:NOA) today announced it has finalized an extension and amendment of its senior secured credit facility (the “Credit Facility”). The facility maturity date has been extended by one year with a new maturity date of October 8, 2025. In addition to the extension of existing favourable terms, the overall capacity has been allocated to provide greater flexibility in operating the Company’s joint ventures.

“We would like to take this opportunity to once again thank National Bank Financial and all of our syndicate partners … Continue Reading