Quarterly ResultAug 12, 2026, 05:07 PM
NACG Q2 Combined Revenue $456.1M (+23%); Raises 2026 Revenue Guidance
AI Summary
North American Construction Group Ltd. reported strong second-quarter 2026 results, with combined revenue increasing 23% year-over-year to $456.1 million and adjusted EBITDA rising 17% to $93.5 million. The company's Australian operations saw robust growth, significantly aided by the Iron Mine Contracting (IMC) acquisition. NACG also raised its full-year 2026 combined revenue guidance to a range of $1.6 billion to $1.8 billion and declared a quarterly dividend of $0.12 per common share.
Key Highlights
- Raised 2026 combined revenue guidance to $1.6B-$1.8B, with midpoint at $1.7B.
- Q2 2026 combined revenue reached $456.1M, a 23% increase year-over-year.
- Q2 2026 adjusted EBITDA was $93.5M, up 17% year-over-year.
- Q2 2026 adjusted net earnings significantly increased to $8.5M from $0.8M.
- Q2 2026 free cash flow was a $23.0M inflow, improving by $23.4M year-over-year.
- Australian operations revenue grew approximately 65% year-over-year, boosted by the IMC acquisition.
- Declared a regular quarterly dividend of $0.12 per common share.
- Contractual backlog stands at $3.8 billion, supporting the outlook.
Price Impact
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