China smartphone shipments slumped in June on inventory overhang: Jefferies
North American Construction Group Ltd. (NYSE:NOA), a company specializing in services for the oil and gas industry with a market capitalization of $450 million and impressive revenue growth of 36% over the last twelve months, has announced the rescheduling of its fourth-quarter results conference call and webcast. The details of the rescheduling were disclosed in a Form 6-K filing with the United States Securities and Exchange Commission today.
The Alberta-based company, previously known as North American Energy Partners Inc ., has not provided a specific reason for the change in schedule. According to InvestingPro data, the company’s next earnings release is scheduled for March 5, 2025. The new date and time for the conference call and webcast, which were initially set for this month, will be communicated to shareholders and the public at a later time.
This announcement follows the company’s consistent practice of providing quarterly updates on its financial performance and strategic developments. Investors and analysts often watch these updates closely to gauge the company’s health and prospects, particularly in the dynamic energy and transportation sectors. The company currently trades at a P/E ratio of 11.3 and maintains a dividend yield of 1.89%, having raised its dividend for three consecutive years.
North American Construction Group Ltd., with its principal executive offices located in Acheson, Alberta, is incorporated under the laws of Canada and has a fiscal year-end on December 31. The company has indicated that it will file annual reports under Form 40-F, which is used by certain Canadian registrants and other foreign private issuers under the SEC rules. InvestingPro analysis suggests the stock is currently trading below its Fair Value, with multiple additional insights available in the comprehensive Pro Research Report.
As of now, the company has not released additional information regarding the financial results or any topics that might be discussed during the rescheduled call. Stakeholders are encouraged to monitor official announcements for the updated schedule and details on accessing the conference call and webcast.
This news update is based on information contained in a press release statement from the company’s Form 6-K filing with the SEC.
In other recent news, North American Construction Group Ltd. announced the completion of its early redemption of 5.5% convertible debentures initially set to mature in 2028. This strategic financial move was finalized on February 28, 2025, and is intended to manage debt and potentially strengthen the company’s balance sheet. Additionally, the company declared a regular quarterly dividend, underscoring its commitment to providing shareholder value, although specific details about the dividend were not disclosed.
North American Construction Group also plans to hold a conference call to discuss its fourth-quarter results, with further details to be shared during the event. In analyst updates, Raymond (NSE:RYMD) James upgraded the company’s stock from Outperform to Strong Buy, citing a positive outlook for 2025 and setting a new price target of Cdn$40.00. The analysts highlighted the company’s recovery from past issues and the successful integration of its Australian acquisition, MacKellar.
These developments reflect North American Construction Group’s proactive approach to financial management and capital optimization. The company’s actions and analyst optimism suggest a focus on maintaining a strong financial position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.