Wil Wutherich's questions to North American Construction Group Ltd (NOA) leadership • Q4 2024
Question
Wil Wutherich asked about the potential impact of tariffs on the company's business, noting it's a common topic on other calls. He also requested more specific details on the first-quarter weather patterns in Australia for the current year and their potential impact on operations.
Answer
Joseph Lambert, President & CEO, stated that tariffs have not had a material effect on the business to date, as most equipment is rebuilt in-house or already ordered, and the majority of operations are outside the U.S. Regarding weather, he confirmed that Q1 is Australia's low quarter due to seasonal rains and cyclones, such as the recent Cyclone Alfred. He explained that these weather events, combined with the timing of new growth asset deployments, contribute to Q1 being the lowest-earning quarter of the year.