North American Construction Reports Strong Q1 Despite Weather Challenges

North American Construction ( (NOA) ) has released its Q1 earnings. Here is a breakdown of the information North American Construction presented to its investors.

North American Construction Group Ltd. (NACG) is a leading provider of heavy civil construction and mining services across Australia, Canada, and the U.S., with a strong reputation built over 70 years in the industry. In the first quarter of 2025, NACG reported a combined revenue of $391.5 million, marking the second-highest quarter in the company’s history, driven by increased equipment capacity and utilization in Australia and Canada. However, severe weather conditions in both regions impacted operational efficiency and margins. Key financial highlights include a 15% increase in reported revenue to $340.8 million and a slight rise in adjusted EBITDA to $99.9 million, despite challenges posed by excessive rainfall in Australia and cold weather in Canada. The company’s net income decreased to $6.2 million from $11.5 million in the previous year, primarily due to higher depreciation and interest expenses. Looking ahead, NACG remains optimistic about the remainder of the year, with expectations of more stable weather conditions and continued growth opportunities in the heavy civil infrastructure and mining sectors in Australia and North America.