NOA Earnings Prediction
The chart below shows how NOA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NOA sees a -1.59% change in stock price 10 days leading up to the earnings, and a +5.72% change 10 days following the report. On the earnings day itself, the stock moves by +0.15%. This data can give you a slight idea of what to expect for the next quarter's release.
NOA Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
286.86M
47.30%
3.82%
Gross Margin
22.69%
67.95%
26.20%
Operating Margin
18.88%
165.92%
21.57%
Net Margin
4.85%
-17.09%
-4.34%
EPS
0.47
20.51%
0.00%
No Data Available
NOA Earnings Analysis
North American Construction Group Ltd. Corporation (NOA.N) Earnings Conference Call
Positive
Record EBITDA Achievement: 1. Record EBITDA Performance: The company achieved an EBITDA of $106 million with a 29% margin, marking a 75% increase from the previous Q3 record, driven by strong operational performance in Australia.
Quarterly Revenue Surge: 2. Significant Revenue Growth: Wholly-owned businesses reported a $90 million increase in revenue quarter-over-quarter, while the Australian segment saw a $134 million rise, reflecting consistent operational success.
Fleet Utilization Performance: 3. High Fleet Utilization Rates: The Australian fleet achieved a record utilization rate of 84%, just shy of the 85% target, while the Canadian fleet improved to 51% from a low of 42% in Q2, with expectations to reach the 60% range by year-end.
Cash Flow Performance: 4. Strong Cash Flow Generation: The company generated $80 million in net cash from operations prior to working capital adjustments, contributing to a free cash flow of $11 million despite capital expenditures.
Backlog and Bid Pipeline Growth: 5. Increased Backlog and Bid Pipeline: The pro forma backlog rose to $3.1 billion, an increase of $300 million from Q2, supported by a robust bid pipeline exceeding $10 billion, indicating strong future growth potential.
Negative
Oilsands Revenue Decline: 1. Declining Oilsands Revenue: The oilsands business reported a decrease in topline revenue compared to last year, indicating a decline in performance despite improved consistency in quarter-to-quarter results.
Net Debt Increase: 2. Increased Net Debt: Net debt levels rose to $883 million, an increase of $50 million in the quarter, primarily due to growth assets purchased and unfavorable changes in the Australian exchange rate.
Acquisition Interest Impact: 3. Higher Acquisition-Related Interest Impact: Adjusted earnings per share of $1.17 were negatively impacted by higher acquisition-related interest, which reduced earnings by $0.54 compared to $0.22 in the prior quarter.
Canadian Utilization Delays: 4. Delayed Canadian Utilization Targets: Canadian utilization targets have been pushed off to the end of next year, indicating challenges in achieving operational efficiency in that region.
Cash Flow Management Issues: 5. Free Cash Flow Challenges: Free cash flow was only $11 million, driven by a $32 million draw on working capital accounts, highlighting ongoing cash flow management issues.
NOA FAQs
How does NOA typically perform around its earnings report dates?
Is North American Construction Group Ltd. (NOA) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
NOA Earning Call Sentiment
North American Construction Group Ltd. (NOA) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
NOA.N
-0.03%Positive
The earnings call summary shows positive financial metrics with EBITDA up 75% YoY and a 20% dividend increase, but also highlights risks such as competitive pressures, regulatory issues, and increased net debt. The Q&A reveals management's optimism about future opportunities, but vague responses regarding oilsands changes raise concerns. Although the dividend increase and share buyback are positive, the unchanged guidance and operational risks temper the outlook. Overall, the mixed signals from strong financial performance and potential risks suggest a neutral impact on stock price.
