North American Construction Group Ltd
TSX:NOA
North American Construction Group Ltd
North American Construction Group Ltd. engages in providing mining and heavy construction services. The company is headquartered in Acheson, Alberta and currently employs 197 full-time employees. The company went IPO on 2006-11-22. The firm's operating divisions include Heavy Construction and Mining and Equipment Maintenance Services. The Heavy Construction and Mining division is engaged in hard rock and oil sands mining, overburden removal, mine site development, and mine reclamation. This division also provides constructability design reviews, budgetary cost estimates, and a range of planning and scheduling services. The Equipment Maintenance Services division offers maintenance procedures on-site, as well as in its multiple shop facilities. The company provides various services, including constructability reviews, budgetary cost estimates, design-build construction, portable steaming, equipment inspections and onsite haul truck brake testing, among others.
North American Construction Group Ltd. engages in providing mining and heavy construction services. The company is headquartered in Acheson, Alberta and currently employs 197 full-time employees. The company went IPO on 2006-11-22. The firm's operating divisions include Heavy Construction and Mining and Equipment Maintenance Services. The Heavy Construction and Mining division is engaged in hard rock and oil sands mining, overburden removal, mine site development, and mine reclamation. This division also provides constructability design reviews, budgetary cost estimates, and a range of planning and scheduling services. The Equipment Maintenance Services division offers maintenance procedures on-site, as well as in its multiple shop facilities. The company provides various services, including constructability reviews, budgetary cost estimates, design-build construction, portable steaming, equipment inspections and onsite haul truck brake testing, among others.
Revenue Growth: Q3 combined revenue reached $390 million, up 6% from Q2, with particularly strong performance in Australia.
Margin Rebound: Gross margin improved significantly to 14.6% from 8.9% in Q2, driven by better operational execution and lower reliance on third-party maintenance.
Australian Expansion: Australia posted $188 million in Q3 revenue, up 12% sequentially and 26% year-over-year, fueled by new contracts and strong demand.
Cash Generation: Free cash flow for the quarter was $46 million, supporting ongoing growth investments and shareholder returns.
Outlook Unchanged: The outlook for H2 2025 remains intact, with management expecting strong free cash flow and revenue stability.
Backlog & Pipeline: The company reported a record bid pipeline of over $12 billion, a $2 billion increase since Q2, positioning for future growth.
