North American Construction Group Ltd. Announces Results for the Third Quarter Ended September 30, 2020
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North American Construction (NOA) Tops Q3 EPS by 36c, Revenues Beat; Offers FY20 & FY21 EPS Guidance
October 28, 2020 5:28 PM EDTNorth American Construction (NYSE: NOA) reported Q3 EPS of $0.26, $0.36 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $94.02 million versus the consensus estimate of $54.97 million.
Third Quarter 2020 Highlights:
Adjusted EBITDA of $37.1 million is consistent with Q3 2019 reflecting both the wide reaching operational impacts of the COVID-19 pandemic and above average rainfall in the quarter offset by cost discipline to limit indirect project costs and general and administrative spending.Gross profit margin of 16.3% reflected a difficult operational quarter with July & August rainy conditions compounding already complex mine site... More