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0 0 0.0357815442561203 0.0320150659133708 -0.00564971751412451 -0.0235404896421847 -0.0301318267419964 -0.0271751412429381
Stock impact report

North American Construction Group Ltd. Withdraws Financial Guidance for 2020

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, April 13, 2020 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. (“NACG” or “the Company”) (TSX: NOA/NYSE: NOA) today announced that due to the ongoing global pandemic, financial guidance for 2020 have been withdrawn. NACG Chairman and CEO, Martin Ferron, commented: “Our whole business model is based on the provision of safe and cost effective heavy construction and mine support services to our customers. Clearly, our clients are currently dealing with the extremely negative and wide-ranging impacts of the COVID-19 pandemic. Therefore, discussions are in full swing about how we can best continue to support them in these toughest of times. It is too early to predict the full effect of these talks on our outlook for this year but we have already begun to flex our highly variable cost structure and capital spending plan to mitigate any adverse changes to our workload and pricing. We hope to have a clearer view by the time we report first quarter earnings i Show less Read more
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