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Strong financial growth: Second-quarter revenue increased to C$95 million, while adjusted EBITDA rose to C$8.4 million and net income reached C$3 million. First-half revenue climbed 79% to C$194.3 million, partly reflecting an easier comparison with 2025's work-sharing program.
Record backlog and solid liquidity: ADF ended the quarter with a record C$693.7 million order backlog and C$91.4 million in cash, supported in part by a C$25 million customer-claim settlement inflow.
Tariff pressures and investment plans: Although ADF does not expect direct exposure to the latest 50% U.S. tariff, higher steel costs and tariff-related charges are weighing on margins. The company expects more than C$40 million in full-year capital spending, including expansions in Quebec and Montana.
ADF Group (TSE:DRX) reported higher revenue, adjusted EBITDA and net income for its fiscal second quarter and first half ended July 31, 2026, supported by increased fabrication activity, a customer-claim settlement and a record order backlog.