Quarterly ResultMay 13, 2026, 05:12 PM
North American Construction Q1 Combined Revenue $422.5M, Adj. EBITDA $99.5M
AI Summary
North American Construction Group Ltd. announced Q1 2026 results with combined revenue of $422.5 million, an 8% increase year-over-year, and Adjusted EBITDA of $99.5 million, flat year-over-year. Net income decreased 10% to $5.6 million, and Adjusted EPS was $0.37, down from $0.52 in Q1 2025, primarily due to higher interest expense and G&A. The company completed the acquisition of Iron Mine Contracting (IMC) on April 7, 2026, which contributed to combined Q1 results and strengthened Australian operations, which saw a 17% revenue increase. Management expressed encouragement with operational performance and maintained a strong outlook for the second half of 2026 and 2027.
Key Highlights
- Combined Revenue was $422.5 million, up 8% year-over-year.
- Adjusted EBITDA was $99.5 million, flat year-over-year.
- Net income was $5.6 million, down 10% year-over-year.
- Adjusted EPS was $0.37, down from $0.52 in Q1 2025.
- Free Cash Flow was a $3.7 million inflow, up $45.2 million year-over-year.
- Australian operations delivered revenue of $185.2 million, a 17% increase year-over-year.
- Iron Mine Contracting (IMC) contributed $64.7 million in revenue to combined results.
- A quarterly dividend of $0.12 per common share was declared.
Price Impact
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