Overview

* North American Construction ( NOA ) Q3 revenue increased 6% yr/yr but missed analyst expectations

* Adjusted EPS for Q3 decreased 44% yr/yr, missing analyst expectations

* Adjusted EBITDA for Q3 beat analyst expectations, indicating strong operational performance

Outlook

* Company maintains full-year revenue guidance at C$700 mln to C$750 mln

* Company expects adjusted EBITDA of C$190 mln to C$210 mln for H2 2025

* Company projects adjusted EPS of C$1.40 to C$1.60 for H2 2025

Result Drivers

* AUSTRALIA REVENUE GROWTH - Heavy Equipment - Australia segment revenue rose 26% due to fleet expansion and favorable weather

* CANADA REVENUE DECLINE - Heavy Equipment - Canada segment revenue fell 5% due to reduced scopes at Syncrude mines and lower oil sands activity

* JOINT VENTURE REVENUE DROP - Revenue from joint ventures and affiliates decreased 8% due to lower volumes from Nuna Group

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss C$317.25 C$351.30

Revenue mln mln (6

Analysts

)

Q3 Miss C$0.67 C$0.84

Adjusted (3

EPS Analysts

)

Q3 Beat C$99.0 C$97.50

Adjusted mln mln (8

EBITDA Analysts

)

Q3 Gross C$49.72

Profit mln

Q3 C$35.75

Operatin mln

g Income

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)