Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

ADF Group Inc T.DRX

Alternate Symbol(s):  ADFJF

Steel Steel
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

ADF Group Inc
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(35)
•••
Post by lotus1on Jun 11, 2024 12:07pm
217 Views
Post# 36082912

Atrium Research - Price Target $23

Atrium Research - Price Target $23
Bullish

ADF Group

 

DRX: Sizeable Beat on Q1 Financials & Returning Cash to Shareholders

11 Views11 Jun 2024 11:00
Issuer-paid
EXECUTIVE SUMMARY
  • What you need to know: • ADF Group reported Q1 financial results that largely beat our estimates, including revenue of $107.4M (+34% YoY) vs. $90.1M and EBITDA of $23.1M (+130% YoY) vs. $17.2M.
  • • ADF announced a cash utilization strategy including its intention to repurchase up to 3.0M shares from insiders and the doubling of its semi-annual dividend to $0.02/share.
  • ADF Group (DRX:TSX, ADFJF:OTC) reported Q1 financial results today before market open that smashed our expectations across the board with the most notable beat being EBITDA coming in at $23.1M vs. $17.2M expected.
  • We are maintaining our BUY rating and increasing our target price to $23.00/share (previously $20.00/share) based on 10.0x FY25E EBITDA (previously 9.0x).
Here is the Full Research Report
https://www.smartkarma.com/insights/drx-sizeable-beat-on-q1-financials-returning-cash-to-shareholders

<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities