North American Construction (NYSE: NOA) reported Q3 EPS of $0.05, $0.15 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $84.9 million versus the consensus estimate of $54.97 million.

Martin Ferron, Chairman and Chief Executive Officer of the Company stated, “We were pleased to exceed our financial targets for the quarter, despite having to overcome unseasonal wet ground conditions for much of the period. It is also noteworthy that, excluding mark to market stock based compensation expense and one off costs related to the recently announced acquisitions, basic earnings per share would have been over $0.20 for the quarter”.

Additionally, Mr. Ferron commented, “Looking ahead, we hope to post a strong outcome for Q4 similar to last year and we anticipate closing both significant acquisitions by the end of the year. Beyond that, our meaningful organic growth program, together with the combined impact of the exciting acquisitions could result in our basic earnings per share exceeding $1.60 in 2019”.

For earnings history and earnings-related data on North American Construction (NOA) click here.