Start Time: 09:00 January 1, 0000 9:54 AM ET
North American Construction Group Ltd. (NYSE:NOA)
Q3 2023 Earnings Conference Call
November 02, 2023, 09:00 AM ET
Company Participants
Joe Lambert - President and CEO
Jason Veenstra - EVP and CFO
Conference Call Participants
Yuri Lynk - Canaccord Genuity
Aaron MacNeil - TD Cowen
Maxim Sytchev - National Bank Financial
Rahul Malhotra - CIBC
Adam Thalhimer - Thompson Davis
Tim Monachello - ATB Capital Markets
Sean Jack - Raymond James
Operator
Good morning, ladies and gentlemen. Welcome to the North American Construction Group Conference Call regarding the Third Quarter ended September 30, 2023.
At this time, all participants are in listen-only mode. Following the management's prepared remarks, there will be an opportunity for analysts, shareholders, and bondholders to ask questions. The media may monitor this call in listen-only mode. They are free to quote any member of management, but they are asked not to quote remarks from any other participant without that participant's permission.
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 in SEDAR and EDGAR as well as on the company's Web site at nacg.ca.
I will now turn the conference over to Joe Lambert, President and CEO. Please proceed.
Joe Lambert
Thanks, Joanna. Good morning, everyone, and thanks for joining our call today. I'm going to start with our Q3 2023 operational performance before handing it over to Jason for the financial overview. And then I'll conclude with the operational priorities, bid pipeline, outlook for 2023 and our first look at 2024 before taking your questions.
On Slide 3, our Q3 trailing 12 months total recordable rate of 0.30 is less than half of what it was at this time last year, and remains below our industry leading target frequency of 0.5. We will continue to focus our efforts on further advancing our training programs, communicating and promoting safe behaviors, fall health campaign on flu shots and audio metric testing and our winter hazard awareness programs as we enter our busy winter season and continue to add to our workforce.