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    Devin Schilling • Ventum Financial Corp.

    Devin Schilling, CFA, is an Equity Research Analyst at Ventum Financial Corp., specializing in small-cap equities across sectors such as special situations, industrials, and consumer products. He covers under-followed growth companies like Happy Belly Food Group, frequently issuing actionable investment ratings and targets noted in financial media, and is recognized for identifying companies with above-average growth prospects and attractive valuations. Schilling began his career in equity research at another independent investment dealer before joining Ventum in September 2014, where he has become known for quantitative rigor in financial analysis and securities evaluation. He holds a Bachelor of Business Administration from Okanagan College, is a CFA charterholder, and is noted for his expertise among institutional and retail investor audiences.

    Devin Schilling's questions to North American Construction Group Ltd (NOA) leadership

    Devin Schilling's questions to North American Construction Group Ltd (NOA) leadership • Q1 2025

    Question

    Devin Schilling from Ventum Financial asked for an update on the two contracts up for renewal in 2025, including timing and potential scope changes, and inquired about the status of a previously mentioned large infrastructure opportunity in California.

    Answer

    Executive Joseph Lambert reported that one early contract renewal is being negotiated and should be finalized next quarter, driving the backlog to a record $4 billion. The second is an expansion opportunity with more details expected by year-end. He also confirmed the company was unsuccessful in its bid for the California project due to a lack of local experience but has since added numerous other large earthworks projects to its bid pipeline.

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    Devin Schilling's questions to North American Construction Group Ltd (NOA) leadership • Q2 2024

    Question

    Devin Schilling from Ventum Financial Corp. asked if the company was currently impacted by the wildfire situation near the Pearl mine and requested a quantification of any impact.

    Answer

    President and CEO Joseph Lambert explained that the impact was minimal, affecting only one site for about five days, which is typical for a normal summer. He stated that the other four major sites, constituting over 80% of revenue, were unaffected and did not expect a significant impact on Q3 results.

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