ADF Group Inc. Faces Revenue Decline Amid U.S. Tariff Challenges

ADF Group Inc. SV ( (TSE:DRX) ) has shared an update.

ADF Group Inc. reported a decline in revenues to $55.5 million for the first quarter ended April 30, 2025, compared to $107.4 million in the same period last year, primarily due to the impacts of U.S. tariffs. Despite a robust order backlog of $330.4 million, the tariffs have led to reduced fabrication hours and a work-sharing program at its Terrebonne plant, affecting the company’s margins and overall financial performance. The company’s net income also decreased to $8.7 million from $15.3 million a year ago, highlighting the ongoing challenges posed by the tariffs on its operations.

The most recent analyst rating on (TSE:DRX) stock is a Buy with a C$23.00 price target. To see the full list of analyst forecasts on ADF Group Inc. SV stock, see the TSE:DRX Stock Forecast page.

Spark’s Take on TSE:DRX Stock

According to Spark, TipRanks’ AI Analyst, TSE:DRX is a Outperform.

ADF Group Inc. exhibits strong financial performance, attractive valuation, and positive corporate developments, positioning the company well in the metal fabrication sector. While technical analysis shows neutral momentum, the company’s financial health and strategic actions significantly enhance its investment appeal.

To see Spark’s full report on TSE:DRX stock, click here.

More about ADF Group Inc. SV

ADF Group Inc. is a North American leader in the fabrication of steel superstructures, focusing on providing structural steel solutions. The company operates primarily in the construction industry, with a significant market presence in both Canada and the United States.

Average Trading Volume: 72,141

Technical Sentiment Signal: Hold

Current Market Cap: C$188.3M

See more data about DRX stock on TipRanks’ Stock Analysis page.