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North American Construction Group Ltd. (NOA)

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$14.60
-0.13 (-0.92%)
Market Cap

$428.4M

P/E Ratio

17.4

Div Yield

2.33%

52W Range

$12.23 - $21.67

Company Profile

At a glance

• Strategic Diversification Fuels Growth: North American Construction Group ($NOA) is strategically transforming from a Canada-centric oil sands player into a diversified heavy construction and mining services provider with significant growth in Australia and a burgeoning civil infrastructure segment. This diversification, particularly through the MacKellar Group acquisition, is a core driver of its long-term investment thesis.

• Operational Resilience Amidst Headwinds: Despite recent operational challenges in Q1 and Q2 2025, including adverse weather, labor constraints in Australia, and oil sands demand volatility, the company has demonstrated resilience, implementing corrective measures and maintaining a positive outlook for H2 2025 and beyond.

• Robust Backlog and Future Visibility: A record $4.0 billion contractual backlog, including a $2.0 billion, five-year extension in Queensland, Australia, provides exceptional revenue visibility and a solid foundation for anticipated organic revenue growth of 5% to 10% annually.

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