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ADF Group Canada's Q2 Revenue Rises to C$95 Million, Net Income Reaches C$3 Million
Canadian steel structure manufacturer ADF Group (TSE:DRX) announced its second-quarter earnings for the period ending July 31, with revenue increasing year-over-year to C$95 million, adjusted EBITDA rising to C$8.4 million, and net profit reaching C$3 million. First-half revenue grew 79% to C$194.3 million, with a net profit of C$15 million, primarily driven by increased manufacturing activity, customer claim settlements, and a record order backlog.
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