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 three months ended 31 March 2024, North American Construction Group Ltd revenues increased 22% to C$297M. Net income decreased 48% to C$11.4M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by Equity Earnings -Before Taxes decrease from C$9.3M (income) to C$1.5M (expense), Change in fair value of contingent consi increase from C$0K to C$5.4M (expense). |