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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 lifeisgood1010on Jun 11, 2024 8:00am
142 Views
Post# 36082306

Order backlog growth

Order backlog growthAt Jan.31st.,the order backlog stood at $510.9.
If you substract this quarter sales of $107,4 we should be at $403,5.

DRX says that the order backlog excluding the May 28th new win of $90 million
is $427.5.

So the order book is even higher then in January by another $24 million.
Including the $90 million, DRX order backlog is sitting at $517.5.

I am salivating at the idea of DRX winning the 3rd phase of Lilly ($500 million)
after winning phase 1, phase 2 and winning additional work on phase 2.

I wonder if the winning of this huge contract would trigger the purchase of another automated machine.
They have had the luxury of the learning curve of the first one.

Imagine having a second one even if it was a smaller one.

I trust the management to take the right decision.
So far, they have a perfect score in my book.

I guess it depends on the actual capacity VS the needed requirement if they were
to win this massive Lilly contract.
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