North American Construction Group Ltd. (NOA) Form 6-K — Aug 12, 2026
North American Construction Group delivered strong Q2 2026 results, with combined revenue of $456.1 million, up 23% year over year, driven primarily by the Iron Mine Contracting acquisition completed April 7, 2026. Adjusted EBITDA rose 16.7% to $93.5 million and adjusted EPS jumped to $0.32 from $0.02, while free cash flow swung to $23.0 million from negative $0.4 million a year ago. Management raised full-year 2026 combined revenue guidance to a $1.7 billion midpoint from $1.6 billion on stronger-than-expected first-half results, while holding adjusted EBITDA guidance at $380-$420 million and free cash flow at $110-$130 million.
Key figures
- Eps
- 0.35
- Revenue
- 400963000
- Guidance
- Combined revenue $1.6-$1.8B (midpoint raised to $1.7B from $1.6B); Adjusted EBITDA $380-$420M (unchanged); Free cash flow $110-$130M (unchanged)
- Net Income
- 9376000
- Debt Amount
- 200000000
- Revenue Yoy
- +25% reported (+$80.3M); +23% combined revenue
- Total Assets
- 2247173000
- Cash Position
- 167676000
- Interest Rate
- 7
- Maturity Date
- June 16, 2031
- Backlog
- 3629378000
- Net Debt
- 1087415000
- Sp Rating
- BB- (negative outlook, June 9, 2026)
- Diluted Eps
- 0.34
- Adjusted Eps Q2
- 0.32
- Free Cash Flow Q2
- 23029000
- Avg Cost Of Debt Q2
- 6.4%
- Combined Backlog
- 3829207000
- Adjusted EBITDAQ2
- 93467000
- Combined Revenue Q2
- $456.1M (+23% YoY)
- Interest Expense Q2
- 18880000
- Senior Secured Debt
- 630427000
- Net Debt Prior Year End
- 878461000
- Adjusted Ebitda Margin
- 20.5% (vs 21.6% prior year)
- Adjusted Eps Prior Year
- 0.02
- Canada Segment Revenue
- 121842000
- Senior Unsecured Notes
- 550000000
- Imc Total Purchase Price
- 136800000
- Ncib Shares Purchased Q2
- 529658
- Australia Segment Revenue
- 277492000
- Backlog Growth Since Year End
- $784.3M combined
- Ml Northern Contract Backlog
- 135000000
- Quarterly Dividend Per Share
- 0.12
- Canada Segment Revenue Change
- -17% YoY
- Imc Consideration Transferred
- 84605000
- Queensland Contract Expansion
- 125000000
AI analysis
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