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Stock impact report

North American Construction Group Ltd. Announces Results for the Third Quarter Ending September 30, 2019

North American Construction Group Ltd. Common Shares (no par) (NOA) 
Last north american construction group ltd. common shares (no par) earnings: 2/19 04:05 pm Check Earnings Report
Company Research Source: GlobeNewswire
ACHESON, Alberta, Oct. 29, 2019 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA/NYSE:NOA) today announced results for the third quarter ending September 30, 2019. Martin Ferron, Chairman and Chief Executive Officer of the Company, stated, “Well above average rainfall in late July and August, both in terms of quantity and frequency, severely curtailed our activity in that period, such that only around $4 million of Adjusted EBITDA was generated in August. Despite this we posted another nicely profitable quarter, with the record performance from the Nuna Group of Companies being especially pleasing. Looking ahead, we now anticipate Adjusted EBITDA and EPS to be in the ranges of $170 million to $180 million and $1.65 to $1.85 per share, respectively, with the latter being well ahead of our year starting expectations. For 2020, we are even more confident in another strong year of growth based on the organic expansion projects we are nearin Show less Read more
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