Earnings Call Summary | North American Construction(NOA.US) Q1 2024 Earnings Conference
Earnings Call Summary | North American Construction(NOA.US) Q1 2024 Earnings Conference
The following is a summary of the North American Construction Group Ltd. (NOA) Q1 2024 Earnings Call Transcript:
以下是北美建筑集团有限公司（NOA）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
North American Construction Group reported a Q1 EBITDA of $93 million with a margin of 27%, and a combined gross profit margin of 18%.
The firm reported a $0.78 adjusted earnings per share for Q1, down from $0.18 in Q1 of 2023 due to increased interest rates.
Net cash from operations, prior to working capital, was $74 million while net debt levels rested at $781 million by the end of this quarter.
The company is working on decreasing its debt-to-EBITDA ratio to 1.5x by year-end, with a projected free cash flow of $160 million to $185 million identified for this purpose.
北美建筑集团报告称，第一季度息税折旧摊销前利润为9300万美元，利润率为27％，合并毛利率为18％。
该公司报告称，由于利率上升，第一季度调整后的每股收益为0.78美元，低于2023年第一季度的0.18美元。
截至本季度末，运营净现金为7400万美元，净负债水平为7.81亿美元。
该公司正在努力在年底之前将其债务与息税折旧摊销前利润的比率降至1.5倍，预计自由现金流为1.6亿美元至1.85亿美元。
Business Progress:
业务进展：
The company reported a good performance from its recently acquired Australian business, a successful start on the Fargo-Moorhead flood diversion project, and significant savings through the application of a telematics system.
Safety standards are being improved with a focus on frontline leadership training, the betterment of the peer-to-peer recognition program, and increased field leadership visibility.
North American Construction Group is targeting an expansion of operational efficiency and maintenance expertise, alongside winning on strategic projects.
There is a continued focus on growth across all commodity markets (excluding nickel and lithium) with strong business in iron ore, gold, and coal markets.
The company has successfully completed the restructuring process for Nuna, which is expected to yield stronger earnings by summer.
The company is bidding for an iron ore mine in Quebec, which if successful, would significantly raise their revenue.
North American Construction Group is also concentrating on improving their balance sheet to make way for bigger projects by year end.
该公司报告称，其最近收购的澳大利亚业务表现良好，Fargo-Moorhead洪水分流项目成功启动，并通过应用远程信息处理系统节省了大量资金。
安全标准正在改进，重点是一线领导力培训、改善点对点识别计划以及提高现场领导的知名度。
北美建筑集团的目标是扩大运营效率和维护专业知识，同时在战略项目中获胜。
所有大宗商品市场（不包括镍和锂）的增长一直受到关注，铁矿石、黄金和煤炭市场的业务表现强劲。
该公司已成功完成对Nuna的重组过程，预计到夏季将带来更强劲的收益。
该公司正在竞标魁北克的一座铁矿山，如果成功，将大大增加他们的收入。
北美建筑集团也在集中精力改善资产负债表，以便在年底之前为更大的项目腾出空间。
More details: North American Construction IR
更多详情： 北美建筑 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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译文内容由第三方软件翻译。