North American Construction Group Ltd. Announces Results for the Third Quarter Ending September 30, 2019
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North American Construction (NOA) Tops Q3 EPS by 51c, Revenues Beat; Provides FY19 EPS Outlook Above Consensus
October 29, 2019 4:52 PM EDTNorth American Construction (NYSE: NOA) reported Q3 EPS of $0.41, $0.51 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $166.3 million versus the consensus estimate of $54.97 million.
Highlights of the Third Quarter
Revenue for the quarter was $166.3 million, compared to $84.9 million for the prior year, an increase of $81.4 million (or 96%). Adjusted EBITDA for the quarter was $37.2 million compared to $19.1 million for the prior year, an increase of $18.2 million (or 95%) meaning the profit trend was consistent with the revenue trend... More