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.

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ADF Group Inc

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Post by lotus1on Sep 25, 2024 10:03am

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Post# 36240048

New Contracts for $55 million - Clarification

In response to request for more clarity about ADF's PR about $55 Mln New contracts, following is the response, I just received from Mr Jean-Francois Boursier, CFO.

" Most of the $55M announced are for contracts signed after the quarter-end.

Some smaller contracts, which were included in the July 31^st ending backlog balance had not been announced since they were individually not material enough."

So, sounds like, most of $ 55 Mln are New contracts signed, during August-September. That means new business continues to flow. Great news !!!