North American Construction Group Ltd. Website

North American Construction Group Ltd.

TSX-NOA

Company Overview

North American Construction Group Ltd. provides equipment maintenance, and mining and heavy construction services in Canada, the United States, and Australia. The company's Heavy Construction & Mining division offers constructability reviews, budgetary cost estimates, design-build construction, project management, contract mining, pre-stripping/pit pioneering, overburden removal and stockpile, muskeg removal and stockpile, site preparation, air strip construction, site dewatering/perimeter ditching, tailings and process pipelines, haulage and access road construction, tailings dam construction and densification, mechanically stabilized earth walls, dyke construction, and reclamation services. Its Equipment Maintenance Services division provides fuel and lube servicing, portable steaming, equipment inspections, parts and component supply, major overhauls and equipment refurbishment, onsite haul truck brake testing, onsite maintenance support, under carriage rebuild, machining, hose manufacturing, and technical support services, as well as welding, fabrication/repairs, weld certification, and inspection services. As of December 31, 2021, the company operated a heavy equipment fleet of 632 units. It serves resource development and industrial construction sectors. The company was formerly known as North American Energy Partners Inc. and changed its name to North American Construction Group Ltd. in April 2018. North American Construction Group Ltd. was founded in 1953 and is headquartered in Acheson, Canada.

  • Name

    North American Construction Group Ltd.

  • CEO

    Joseph C. Lambert

  • Website

    nacg.ca

  • Sector

    Energy Equipment and Services

  • Year Founded

    1953

Company Statistics

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What's happening

Nov 13, 2025 - Dec 13, 2025

North American Construction Group Ltd Faces Earnings Pressure Despite Share Buyback Plans

  • North American Construction Group Ltd's adjusted EPS fell to C$0.67, down from C$1.19 year-over-year.
  • The company announced a normal course issuer bid to repurchase up to 10% of its public float shares amid market volatility.
  • NOA outperformed the Energy sector by 45%, indicating some resilience despite operational challenges.

Over the past month, North American Construction Group Ltd (NOA) experienced a decline of 4.6%. This performance significantly underperformed compared to the S&P 500, which saw only a slight decrease of 0.2%. Following its third-quarter earnings report on November 12, investor sentiment shifted negatively as NOA reported an adjusted EPS of C$0.67, down from C$1.19 in the same quarter last year. Although revenue for Q3 reached C$390.8 million—exceeding consensus estimates and marking an increase from C$367.2 million year-over-year—concerns about profitability persisted among investors.

The stock price reacted sharply on November 13 with an abrupt drop of 8.1%, reflecting disappointment over both lower-than-expected EPS and mixed revenue figures against prior expectations for performance improvement. The CEO's optimistic projections for adjusted EPS between C$1.40 and C$1.60 for the second half of fiscal year 2025 did little to restore confidence among shareholders who were already shaken by recent results.

In response to this downturn, NOA announced plans for a normal course issuer bid (NCIB) on November 18 aimed at repurchasing approximately ten percent of its public float shares over the next year; this move is intended to signal confidence in its intrinsic value while bolstering shareholder returns through buybacks amidst ongoing market fluctuations.

Despite these efforts at stabilization through share repurchases, overall sentiment remained cautious due to recent performance metrics that highlighted operational challenges relative to previous benchmarks; particularly concerning was the sharp fall in adjusted EPS compared with last year's figures while navigating competitive pressures within their sector.

Notably, during this timeframe, North American Construction Group Ltd outperformed the Energy (XLE) sector by a remarkable margin of 45%. This indicates some resilience relative to broader industry trends even while facing specific operational hurdles impacting stock valuation directly linked back to quarterly financial disclosures.

TSX:NOA