North American Construction's Q3 revenue misses estimates
12/11/2025 22:13
Overview North American Construction 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/Miss | Actual | Consensus Estimate |
| Q3 Revenue | Miss | C$317.25 mln | C$351.30 mln (6 Analysts) |
| Q3 Adjusted EPS | Miss | C$0.67 | C$0.84 (3 Analysts) |
| Q3 Adjusted EBITDA | Beat | C$99.0 mln | C$97.50 mln (8 Analysts) |
| Q3 Gross Profit | C$49.72 mln | ||
| Q3 Operating Income | C$35.75 mln |
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