North American Construction Group reports strong Q4 and year end results, with revenue growth

From GlobeNewswire: 2025-03-19 19:15:38

North American Construction Group Ltd. announced results for Q4 and year end 2024, with revenue of $372.7 million, adjusted EBITDA of $103.7 million, and net income of $44.1 million. The company saw revenue decrease in Canada but increase in Australia. They also completed various projects and awarded new contracts. The CEO expressed excitement for 2025 due to opportunities in heavy civil infrastructure and mining industries. The company’s strategic focus areas include safety, operational excellence, and sustainability.

Financially, NACG reported revenue from wholly-owned entities of $305.6 million in Q4 2024, with a gross profit of $42.0 million. Adjusted net earnings were $26.8 million, while adjusted EBITDA was $103.7 million. The company’s liquidity includes total available capital of $275.3 million as of December 31, 2024. Key measures for 2025 include projected revenue of $1.4 – $1.6 billion and adjusted EBITDA of $415 – $445 million.

NACG operates in Australia, Canada, and the U.S., providing construction and mining services for over 70 years. They have a strong focus on safety, operational excellence, and sustainability. For more information, visit their website or contact the CFO, Jason Veenstra.



Read more at GlobeNewswire: North American Construction Group Ltd. Announces Results