North American Construction Group Ltd. Reschedules Fourth Quarter Results and Conference Call due to Impacts of Cyclone Alfred
North American Construction Group (NOA) has announced the rescheduling of its Q4 2024 financial results release and conference call due to the impacts of Cyclone Alfred in Queensland, Australia. The results will now be released on March 19, 2025, followed by a conference call on March 20, 2025.
The delay is attributed to two factors: First, additional time needed for completing year-end reporting processes in the Heavy Equipment - Australia segment, requiring incremental verification of parts and supply inventories due to first-year SOX reporting requirements. This segment was acquired by NACG on October 1, 2023. Second, Cyclone Alfred's impacts since March 5, 2025, including flooding, power outages, and travel restrictions, have hindered site access for inventory verification.
The company confirms that routine mine site operations remain unaffected by the cyclone, with impacts expected to fully subside by March 14, 2024.
North American Construction Group (NOA) ha annunciato il rinvio della pubblicazione dei risultati finanziari del Q4 2024 e della relativa conferenza telefonica a causa degli impatti del Ciclone Alfred in Queensland, Australia. I risultati saranno ora pubblicati il 19 marzo 2025, seguiti da una conferenza telefonica il 20 marzo 2025.
Il ritardo è attribuito a due fattori: in primo luogo, il tempo aggiuntivo necessario per completare i processi di reporting di fine anno nel segmento Heavy Equipment - Australia, che richiede una verifica incrementale delle parti e delle scorte a causa dei requisiti di reporting SOX del primo anno. Questo segmento è stato acquisito da NACG il 1 ottobre 2023. In secondo luogo, gli impatti del Ciclone Alfred a partire dal 5 marzo 2025, inclusi allagamenti, interruzioni di corrente e restrizioni di viaggio, hanno ostacolato l'accesso ai siti per la verifica delle scorte.
L'azienda conferma che le operazioni di routine nei siti minerari rimangono inalterate a causa del ciclone, con impatti che si prevede si attenueranno completamente entro il 14 marzo 2024.
North American Construction Group (NOA) ha anunciado la reprogramación de la publicación de sus resultados financieros del cuarto trimestre de 2024 y de la conferencia telefónica debido a los impactos del Ciclón Alfred en Queensland, Australia. Los resultados se publicarán ahora el 19 de marzo de 2025, seguidos de una conferencia telefónica el 20 de marzo de 2025.
El retraso se atribuye a dos factores: primero, el tiempo adicional necesario para completar los procesos de informes de fin de año en el segmento de Heavy Equipment - Australia, que requiere una verificación incremental de las partes y los inventarios de suministro debido a los requisitos de informes SOX del primer año. Este segmento fue adquirido por NACG el 1 de octubre de 2023. En segundo lugar, los impactos del Ciclón Alfred desde el 5 de marzo de 2025, incluyendo inundaciones, cortes de energía y restricciones de viaje, han dificultado el acceso a los sitios para la verificación de inventarios.
La empresa confirma que las operaciones rutinarias en los sitios mineros no se ven afectadas por el ciclón, y se espera que los impactos se disipen completamente para el 14 de marzo de 2024.
북미 건설 그룹 (NOA)는 호주 퀸즐랜드에서 발생한 사이클론 알프레드의 영향으로 2024년 4분기 재무 결과 발표 및 컨퍼런스 콜 일정을 변경한다고 발표했습니다. 결과는 이제 2025년 3월 19일에 발표되며, 2025년 3월 20일에 컨퍼런스 콜이 진행됩니다.
지연은 두 가지 요인에 기인합니다: 첫째, 첫 해 SOX 보고 요구 사항으로 인해 부품 및 공급 재고에 대한 추가 검증이 필요하여 중장비 - 호주 부문의 연말 보고 프로세스를 완료하는 데 추가 시간이 필요합니다. 이 부문은 2023년 10월 1일 NACG에 인수되었습니다. 둘째, 2025년 3월 5일부터 사이클론 알프레드의 영향으로 인한 홍수, 정전 및 여행 제한이 재고 검증을 위한 현장 접근을 방해했습니다.
회사는 사이클론의 영향으로 광산 현장의 일상적인 운영에는 영향을 미치지 않으며, 2024년 3월 14일까지 모든 영향이 완전히 사라질 것으로 예상된다고 확인했습니다.
North American Construction Group (NOA) a annoncé le report de la publication de ses résultats financiers du quatrième trimestre 2024 et de la conférence téléphonique qui l'accompagne en raison des impacts du Cyclone Alfred dans le Queensland, en Australie. Les résultats seront désormais publiés le 19 mars 2025, suivis d'une conférence téléphonique le 20 mars 2025.
Le retard est attribué à deux facteurs : tout d'abord, le temps supplémentaire nécessaire pour compléter les processus de reporting de fin d'année dans le segment Heavy Equipment - Australie, nécessitant une vérification supplémentaire des pièces et des stocks en raison des exigences de reporting SOX de la première année. Ce segment a été acquis par NACG le 1er octobre 2023. Deuxièmement, les impacts du Cyclone Alfred depuis le 5 mars 2025, y compris les inondations, les coupures de courant et les restrictions de voyage, ont entravé l'accès aux sites pour la vérification des stocks.
L'entreprise confirme que les opérations routinières sur les sites miniers ne sont pas affectées par le cyclone, avec des impacts qui devraient disparaître complètement d'ici le 14 mars 2024.
North American Construction Group (NOA) hat die Verschiebung der Veröffentlichung seiner Finanzberichte für das 4. Quartal 2024 und der dazugehörigen Telefonkonferenz aufgrund der Auswirkungen des Zyklon Alfred in Queensland, Australien, bekannt gegeben. Die Ergebnisse werden nun am 19. März 2025 veröffentlicht, gefolgt von einer Telefonkonferenz am 20. März 2025.
Die Verzögerung wird auf zwei Faktoren zurückgeführt: Erstens, die zusätzliche Zeit, die benötigt wird, um die Jahresabschlussberichterstattung im Segment Heavy Equipment - Australien abzuschließen, was eine zusätzliche Überprüfung von Teilen und Lieferbeständen aufgrund der SOX-Berichtspflichten im ersten Jahr erfordert. Dieses Segment wurde am 1. Oktober 2023 von NACG übernommen. Zweitens haben die Auswirkungen von Zyklon Alfred seit dem 5. März 2025, einschließlich Überschwemmungen, Stromausfällen und Reisebeschränkungen, den Zugang zu den Standorten zur Bestandsüberprüfung behindert.
Das Unternehmen bestätigt, dass die routinemäßigen Betriebsabläufe an den Bergbaustätten von dem Zyklon nicht betroffen sind und dass die Auswirkungen voraussichtlich bis zum 14. März 2024 vollständig nachlassen werden.
- Routine mine site operations remain unaffected by the cyclone
- Delay in financial reporting due to cyclone impacts and SOX requirements
- Operational disruptions in Australian segment due to Cyclone Alfred affecting administrative processes
ACHESON, Alberta, March 10, 2025 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA.TO/NYSE:NOA) announced today that due to the unforeseen impacts of Cyclone Alfred in the Queensland region, it is required to reschedule the release of its financial results and conference call for the fourth quarter ended December 31, 2024. The Company intends to release its financial results for the fourth quarter ended December 31, 2024 on Wednesday, March 19, 2025 after markets close. Following the release of its financial results, NACG will hold a conference call and webcast on Thursday, March 20, 2025, at 7:00 a.m. Mountain Time (9:00 a.m. Eastern Time).
As disclosed in the previous communication on March 3, 2025, the Company was required to reschedule the release to allow more time to complete the year-end reporting processes within its Heavy Equipment - Australia segment. Incremental verification of parts and supply inventories is necessary due to first-year SOX reporting requirements, all within this segment which was previously a privately held entity and acquired by the Company on October 1, 2023.
Commencing on Wednesday, March 5, 2025, the impacts of Cyclone Alfred in the region have been stormwater flooding, power outages, public service disruption, road closures and restrictions on domestic travel. These unforeseen impacts have substantially increased the time and effort required to travel to and access mine sites in the region to verify certain parts and supply inventories. In addition, key administrative and audit staff were required to shelter in place. For clarity, the cyclone has not impacted routine operations at the mine sites in the region. We expect the impacts to fully subside by Friday, March 14, 2024.
The call can be accessed by dialing:
Toll free: 1-800-717-1738
Conference ID: 71653
A replay will be available through April 20, 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 20, 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
When will NOA release its Q4 2024 financial results following the Cyclone Alfred delay?
How has Cyclone Alfred impacted NOA's operations in Queensland?
Why does NOA need additional time for its Australian segment reporting?
When did NOA acquire its Australian Heavy Equipment segment?
