05:37 PM EST, 11/12/2025 (MT Newswires) -- North American Construction Group ( NOA ) after trade on Wednesday said its third-quarter profit fell and revenue rose year-over-year.

The company earned $19.5 million, or $0.67 per share, in the period, down from $31.9 million, or $1.19, a year ago. FactSet expected $0.62 per share.

The year-over-year drop reflects "the impact of a higher average share count of 29.2 million (up from 26.8 million in 2024 Q3), driven by the issuance of 3.0-million shares from convertible debentures in February 2025, partially offset by share repurchases. Interest expense of $18.5 million, including contingent liability accretion, reduced EPS by approximately $0.50," the company said.

Revenue rose to $317.25 million from $286.86 million in the year-ago quarter. FactSet projected $314.8 million. Combined revenue rose to $390.8 million from $367.2 million a year prior. The company said both increases were driven mainly by contract wins and commissioned growth assets in the Heavy Equipment - Australia Segment.

"With our encouraging third quarter in the books, we are locked and loaded looking to deliver on our second half commitments and finishing the year strong. I appreciate your continued support and look forward to sharing our 2026 outlook with you in December," Chief Executive Joe Lambert said.

The company also declared a regular quarterly dividend of $0.12 per common share, payable on Jan. 9, to common shareholders of record at the close of business on Nov. 26.

The company's shares closed up $0.32 to $20.17 on the Toronto Stock Exchange.