ADF Group Inc T.DRX

Alternate Symbol(s): ADFJF

Steel Steel

ADF Group Inc. is a Canada-based company engaged in the design and engineering of connections, fabrication, including industrial coatings, and installation of complex steel structures, heavy steel built-ups, as well as in miscellaneous and architectural metals for the non-residential construction industry. The Company’s products and services are intended for the five principal segments of the non-residential construction industry: office towers and high-rises, commercial and recreational buildings, airport facilities, industrial complexes, and transport infrastructure. The Company operates two fabrication plants and two paint shops, in Canada and in the United States.

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ADF Group Inc

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Post by microcaphobbyon Apr 03, 2024 2:07pm

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Post# 35968316

noteworthy headlines

Through January 2024 , U.S. manufacturing construction spending increased 36.6% in 12 months, according to an Associated Builders and Contractors analysis.

Manufacturing activity skyrockets on the heels of 2022’s CHIPS Act

From Zacks: On the basis of the forward 12-month price-to-earnings ratio, which is a commonly used multiple for valuing heavy construction stocks, the industry is currently trading at 20.4X versus the S&P 500’s 21X and the sector’s 18X.

Over the past five years, the industry has traded as high as 20.4X, as low as 7.5X and at a median of 13.5X, as the chart below shows.

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