North American Construction Group Ltd. (NYSE:NOA) Q2 2022 Earnings Conference Call October 27, 2022 9:00 AM ET
Company Participants
Joe Lambert - President and CEO
Jason Veenstra - EVP and CFO
Conference Call Participants
Aaron MacNeil - TD Securities
Yuri Lynk - Canaccord Genuity
Tim Monachello - ATB Capital Markets
Maxim Sytchev - National Bank Financial
Bryan Fast - Raymond James
Operator
Good morning, ladies and gentlemen. And welcome to the North American Construction Group Earnings Call for the Third Quarter Ended in September 30, 2022. [Operator Instructions]
The company wishes to confirm that today’s comments contain forward-looking information and that actual results could differ materially from a conclusion, forecast or projection contained in that forward-looking information. Certain material factors or assumptions were applied in drawing conclusions or in making forecasts or projections that are reflected in the forward-looking information. Additional information about those material factors is contained in the company’s most recent management’s discussion and analysis, which is available on SEDAR and EDGAR as well as on the company’s website at nacg.ca.
I will now like to turn the conference over to Joe Lambert, President and CEO. Please go ahead.
Joe Lambert
Thanks, Sergio [ph]. Good morning, everyone. And thanks for joining our call today. I'm going to start with our Q3 2022 operational performance before handing it over to Jason for the financial overview. And then I will conclude with the operational priorities, bid pipeline outlook for 2022 and our first look at 2023 before taking your questions.
On Slide 3, our Q3 trailing 12-month total recordable rate of 0.67 is the same as it was after Q2, but remains above our industry leading target frequency of 0.5. And we will be focusing our efforts on further advancing our green hand new hire training programs, prevention of high potential injury events and our wet winter hazard awareness programs as we enter our busy winter season and continue to add to our workforce.
On Slide 4, we highlight some of the major achievements of Q3. Most of these topics are discussed and other slides later in the deck. So I would simply summarize that we resolved our Q2 issues executed well and are now focused on our winter work program a safe and efficient closeout of the year.
Moving on to Slide 5, we've added a new slide showing how we have moved away from vendor supported maintenance and continue to develop, attract and retain our skilled maintenance trades people to improve fleet utilization.