MARKET WIRE NEWS

North American Construction Group Ltd. Reschedules Fourth Quarter Results Conference Call and Webcast

MWN-AI** Summary

North American Construction Group Ltd. (NACG), a key player in heavy civil construction and mining services in North America and Australia, has officially announced a rescheduling of its fourth-quarter financial results conference call. Initially set for March 5 and 6, 2025, the financial results for the quarter ending December 31, 2024, will now be released after market close on March 12, 2025. The accompanying conference call and webcast will take place the following day, March 13, at 7:00 a.m. Mountain Time (9:00 a.m. Eastern Time).

The decision to postpone the results disclosure stems from the need for additional time to finalize year-end reporting processes within NACG's Heavy Equipment - Australia segment. This delay is attributed to various factors, including compliance with first-year Sarbanes-Oxley (SOX) reporting requirements, heightened activity levels as the year concludes, and the implementation of a new Enterprise Resource Planning (ERP) system in a segment recently integrated from a privately held entity.

Investors and stakeholders can access the conference call by dialing the provided toll-free number, with a dedicated Conference ID to be used. For those unable to attend the live session, a replay will be accessible until April 13, 2025. A PowerPoint presentation will accompany the call, available for download on NACG’s website the evening before the call.

As a company with over 70 years of experience in the mining, resource, and infrastructure construction sectors, NACG continues to adapt to the evolving market landscape while ensuring compliance with regulatory standards. For further inquiries, Jason Veenstra, the Chief Financial Officer, is available for contact.

MWN-AI** Analysis

North American Construction Group Ltd. (NACG) has announced a rescheduling of its fourth-quarter results release and conference call, indicating a prudent approach to managing its financial reporting. The new release date is set for March 12, 2025, after market close, with the conference call following a day later. Investors should view this extension as a sign of the company’s commitment to ensuring robust and accurate financial disclosures.

The necessity for adjustments in the reporting timeline stems from challenges associated with year-end processes in its Heavy Equipment – Australia segment. This segment, which transitioned from private to publicly traded status, is facing enhanced scrutiny under Sarbanes-Oxley (SOX) requirements, coupled with the complexities arising from a new ERP system implementation and increased activity levels at year-end. This careful recalibration suggests that NACG is taking significant steps to enhance operational efficiency and governance.

From a market perspective, the delay may create short-term volatility; however, it can also signal long-term stability and commitment to transparency. Investors often favor companies that prioritize accuracy over speed, particularly in industries reliant on heavy machinery and infrastructure, where financial health and compliance can have lasting implications.

As the new release date approaches, stakeholders should keep an eye on projected earnings and guidance for 2025, especially in light of the structural changes within the company. Positive results could catalyze an upward shift in stock performance, particularly if they indicate strong demand in the mining and civil construction sectors.

Investors may consider this an opportune moment to reassess their positions in NACG, balancing the risks of short-term disruptions with the long-term growth potential that stringent compliance and operational improvements may unlock. Entering or expanding positions ahead of the results could be advantageous, especially if market reactions are driven by anticipation rather than fundamental shifts.

**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

Source: GlobeNewswire

ACHESON, Alberta, March 03, 2025 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA.TO/NYSE:NOA) announced today that it has rescheduled the release of its financial results and conference call for the fourth quarter ended December 31, 2024, which had previously been scheduled on Wednesday, March 5, 2025 and Thursday March 6, 2025, respectively. The Company will release its financial results for the fourth quarter ended December 31, 2024 on Wednesday, March 12, 2025 after markets close. Following the release of its financial results, NACG will hold a conference call and webcast on Thursday, March 13, 2025, at 7:00 a.m. Mountain Time (9:00 a.m. Eastern Time).

The Company is rescheduling the release of its financial results and related conference call to allow it more time to complete the year-end reporting processes within its Heavy Equipment - Australia segment. The additional time is necessary due to first-year SOX reporting requirements, high activity levels at year-end and its implementation of a new ERP system, all within the segment which was previously a privately held entity.

The call can be accessed by dialing:
Toll free: 1-800-717-1738
Conference ID: 71653

A replay will be available through April 13, 2025, by dialing:
Toll Free: 1-888-660-6264
Conference ID: 71653
Playback Passcode: 71653

A slide deck for the webcast will be available for download the evening prior to the call and will be found on the company’s website at www.nacg.ca/presentations/

The live presentation and webcast can be accessed at: North American Construction Group Ltd. Fourth Quarter Results Conference Call and Webcast Registration

A replay will be available until April 13, 2025, using the link provided.

About the Company

North American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Australia, Canada and the U.S. For over 70 years, NACG has provided services to the mining, resource and infrastructure construction markets.

For further information, please contact:

Jason Veenstra, CPA, CA
Chief Financial Officer
North American Construction Group Ltd.
Phone: (780) 960-7171
Email: ir@nacg.ca


FAQ**

What impact might the first-year SOX reporting requirements have on North American Construction Group Ltd. NOA:CC's financial results for Q4 2024, and how is the company addressing potential delays?

The first-year SOX reporting requirements may lead to increased compliance costs and operational adjustments for North American Construction Group Ltd., but the company is proactively enhancing internal controls and audit processes to mitigate potential delays in Q4 2024 financial results.

Could you elaborate on the challenges faced during the implementation of the new ERP system at North American Construction Group Ltd. NOA:CC, and how it may influence operational efficiency moving forward?

The implementation of the new ERP system at North American Construction Group Ltd. faced challenges such as data integration issues and user training gaps, which may initially hinder operational efficiency but ultimately aim to streamline processes and enhance productivity in the long run.

How do high activity levels at year-end specifically affect North American Construction Group Ltd. NOA:CC's financial reporting and what measures is the company taking to mitigate these challenges?

High activity levels at year-end can lead to increased revenue recognition and potential labor and material cost spikes for North American Construction Group Ltd. (NOA:CC), prompting the company to enhance project management and financial controls to mitigate associated risks.

What insights can investors expect from the financial results conference call on March 13, 2025, regarding North American Construction Group Ltd. NOA:CC's performance in its Heavy Equipment - Australia segment?

Investors can expect insights on North American Construction Group Ltd. NOA:CC's Heavy Equipment - Australia segment performance, including revenue trends, operational efficiencies, market demand, and potential growth challenges during the financial results conference call on March 13, 2025.

**MWN-AI FAQ is based on asking OpenAI questions about North American Construction Group Ltd. (TSXC: NOA:CC).

North American Construction Group Ltd.

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