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North American Construction Group Ltd. reported fourth-quarter 2024 revenue of $305.6 million, down from $328.3 million in 2023. Adjusted EBITDA rose to $103.7 million, reflecting operational improvements. However, net income fell to $4.8 million due to reduced Canadian equipment utilization and higher integration costs in Australia.1

North American Construction Group Ltd. ended 2024 with revenue of $1.17 billion, a 21% increase from 2023. Despite this, fourth-quarter revenue fell year-over-year. Strategic wins included a $125 million project and a $500 million contract extension, signaling growth ambitions. Free cash flow for Q4 was $50.5 million.1

North American Construction Group Ltd. achieved a 27.8% adjusted EBITDA margin in Q4 2024, up from 24.9% last year, due to operational improvements. Australian operations contributed significantly, offsetting Canadian challenges. Net debt decreased slightly to $856.2 million, aided by favorable currency rates and free cash flow.1