North American Construction Group Ltd
TSX:NOA
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
North American Construction Group Ltd
TSX:NOA
|
CA |
|
H
|
Huarui Electrical Appliance Co Ltd
SZSE:300626
|
CN |
|
Nanxing Machinery Co Ltd
SZSE:002757
|
CN |
|
Gelsenwasser AG
F:WWG
|
DE |
|
Z
|
ZheJiang RIFA Precision Machinery Co Ltd
SZSE:002520
|
CN |
|
C
|
China National Complete Plant Import & Export Corp Ltd
SZSE:000151
|
CN |
|
AAR Corp
NYSE:AIR
|
US |
|
Chengdu B-ray Media Co Ltd
SSE:600880
|
CN |
|
V
|
Vohringer Home Technology Co Ltd
SSE:603226
|
CN |
|
Star Diamond Corp
TSX:DIAM
|
CA |
|
Nanhua Futures Co Ltd
SSE:603093
|
CN |
|
Starcore International Mines Ltd
TSX:SAM
|
CA |
|
Li Ning Co Ltd
HKEX:2331
|
CN |
|
Toread Holdings Group Co Ltd
SZSE:300005
|
CN |
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.
Fargo impact: Q4 EBITDA of $78 million was pulled down by a $13 million life-to-date cost adjustment related to the Fargo-Moorhead diversion project (a ~$50 million gross cost increase to structures/rail/aqueduct).
Revenue momentum: Combined Q4 revenue was $344 million (Australia Q4 record of $176 million); 2025 combined revenue was $1.5 billion and management is targeting a $1.6 billion midpoint for 2026.
2026 outlook: Guidance at midpoint: combined revenue $1.6 billion, adjusted EBITDA $400 million and free cash flow $120 million — management said those targets remain intact.
Australia & IMC: Planned acquisition of Iron Mine Contracting (IMC) expected to close early Q2 2026 (ACCC review causing delay); IMC brings ~120 heavy assets and ~$1 billion backlog, increasing company backlog ~30% and Australian backlog ~35%.
Margins & seasonality: Reported Q4 EBITDA margin was 23% (below an implied ~30% run rate); management expects second-half 2026 to be stronger seasonally and from IMC synergies.
Cash flow & balance sheet: Q4 free cash flow was $57 million (H2 2025 total $103 million); net debt ended at $878 million (2.4x net leverage) with $422 million cash liquidity.
Operational priorities: New CEO emphasized safety, Australian workforce optimization (targeting 3–5% cost savings), IMC integration, completing Fargo, and improving oil sands fleet availability.
