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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

Comment by Daudau11on Dec 16, 2024 10:14am
98 Views
Post# 36363997

RE:RE:RE:wolfofoakville and 5I research

RE:RE:RE:wolfofoakville and 5I researchFor me the main take away from them not accepting this Amazon job means they have better jobs with higher margins to take so they would rather wait than lock in this low margin job. 

Since they have only limited capacity at their plants to work on all the contracts they take and contracts take a while to complete if they accepted a low margin contract they won't be able to bid on or sign other high margin ones if they came along.

Which means they aren't lying about having so many jobs to choose from so the declining backlog isn't a problem.  If they had no jobs to do I believe they would have taken the Amazon one thats for sure better than letting the plant and employees sit idle.

GLTA!!
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