North American Construction Group Ltd. Announces Results for the First Quarter Ended March 31, 2021
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North American Construction (NOA) Tops Q1 EPS by 72c, Revenues Beat
April 28, 2021 5:22 PM EDTNorth American Construction (NYSE: NOA) reported Q1 EPS of $0.62, $0.72 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $168.41 million versus the consensus estimate of $54.97 million.
First Quarter 2021 Highlights:
Adjusted EBITDA of $61.1 million represents a $1.2 million increase over the prior year, reflecting a strong operational quarter and the continued recovery of operating hours towards pre-pandemic levels.Gross profit margin of 19.0% compared to 17.4% in prior year reflecting relatively standard winter season operating conditions allowing for efficient and effective execution of volume commitments.COVID-19 related safety protocols and... More