North American Construction Group Reports Q4 and FY25 Earnings, Q4 Revenue Down 7.7%

North American Construction Group reported Q4 2025 revenue of $344M, down 7.7% YoY. Gross profit was $29.3M, a 35.9% decrease, while adjusted EPS was $(0.14), a significant drop from $1.01 in Q4 2024. Adjusted EBITDA was $77.6M, a 28.7% decrease. The company's net debt decreased to $878.5M during the quarter. The Fargo project progressed, and Australian operations delivered record revenue, up 10% YoY. NACG also announced the acquisition of Iron Mine Contracting in Western Australia, positioning the company as a national Tier 1 contractor in Australia.