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ADF Group Inc T.DRX

Alternate Symbol(s):  ADFJF

ADF Group Inc. is a Canada-based company. The Company is engaged in the design and engineering of connections, fabrication, including the application of industrial coatings, and installation of complex steel structures, heavy steel-built ups, as well as in miscellaneous and architectural metals for the non-residential infrastructure sector. Its 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, and a Construction Division in the United States, which specializes in the installation of steel structures and other related products. It has the capacity to manufacture approximately 125,000 tons of structural steel annually.


TSX:DRX - Post by User

Post by microcaphobbyon Jun 09, 2023 11:18am
270 Views
Post# 35488478

impartial analysis of company from newsletter

impartial analysis of company from newsletterSales of $80.3M increased by 18% against the prior year and net income was $5.4M for the quarter, representing growth of 26.2%. Its order backlog was $312.4M, which excludes $142M worth of contracts announced in May 2023. Its gross profit margins expanded from 12.1% to 16.8% due to increased operational efficiencies from new robotic production lines and automated equipment.  Adjusted EBITDA expanded significantly and its free cash flow yield is solid. The market is pleased with these results and its contracts of $142M. It trades at a cheap valuation of 0.4X sales and 7.3X P/E. These were quite strong results.

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