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ADF Group Inc. SV (TSE:DRX)
TSX:DRX
Canadian Market

ADF Group Inc. SV (DRX) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Apr 09, 2026
Before Open (Confirmed)
Period Ending
2026 (Q4)
Consensus EPS Forecast
0.41
Last Year’s EPS
0.31
Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings

Earnings Call Summary

Q3 2026
Earnings Call Date:Dec 11, 2025|
% Change Since:
|
Earnings Call Sentiment|Negative
The earnings call highlighted the successful acquisition of Groupe LAR, increased order backlog, and improved diversification in backlog composition. However, these positives were overshadowed by a decline in revenues, gross margin, adjusted EBITDA, and net income, primarily due to the impact of U.S. tariffs and challenges in the market. Cash reserves also decreased significantly.
Company Guidance
During the ADF Group Inc. conference call discussing the fiscal third quarter and nine months ended October 31, 2025, the company reported revenues of $71.4 million for the quarter, a decrease of $8.5 million from the previous year, and year-to-date revenues of $179.9 million compared to $262.2 million in the prior year. The gross margin for the quarter was 27.6%, down from 30.4% the previous year, with an adjusted EBITDA of $18.4 million, down from $24 million. Year-to-date, the adjusted EBITDA stood at $32.5 million, a significant decline from $72 million the prior year. The company attributed these declines to U.S. tariffs impacting fabrication hours and steel prices. Net income for the quarter was $10.3 million, or $0.36 per share, compared to $16.4 million, or $0.55 per share, in the prior year. The acquisition of Groupe LAR, finalized on September 18, 2025, contributed $6.2 million to revenues, $0.5 million to adjusted EBITDA, and $0.2 million to net income for the quarter. ADF closed the quarter with $37.7 million in cash, a decrease of $27.3 million from January, partly due to the LAR acquisition. The order backlog at quarter-end was $497.1 million, up significantly from $330.3 million the previous year, with the LAR acquisition contributing $91.9 million. The company highlighted the ongoing integration of Groupe LAR and emphasized its efforts to diversify its order backlog and mitigate risks associated with U.S. trade policies. The guidance for Q4 suggests it will be similar to Q3, promising a stable outlook for the next quarter.
Groupe LAR Acquisition
The acquisition of Groupe LAR was finalized on September 18, 2025, contributing $6.2 million to revenues, $0.5 million to adjusted EBITDA, and $0.2 million to net income for the quarter.
Increased Order Backlog
Order backlog increased to $497.1 million as of October 31, 2025, up from $330.3 million a year earlier and $293.1 million on January 31, 2025.
Improved Diversification
The U.S. content of the consolidated backlog decreased from 95% on January 31, 2025, to 43% on October 31, 2025, indicating improved diversification.

ADF Group Inc. SV (TSE:DRX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

TSE:DRX Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Apr 09, 2026
2026 (Q4)
0.41 / -
0.31
Dec 11, 2025
2026 (Q3)
0.22 / 0.36
0.55-34.55% (-0.19)
Sep 11, 2025
2026 (Q2)
0.21 / 0.03
0.51-94.12% (-0.48)
Jun 10, 2025
2026 (Q1)
0.17 / 0.30
0.47-36.17% (-0.17)
Apr 10, 2025
2025 (Q4)
0.43 / 0.31
0.33-6.06% (-0.02)
Dec 12, 2024
2025 (Q3)
0.39 / 0.55
0.3461.76% (+0.21)
Sep 12, 2024
2025 (Q2)
0.39 / 0.51
0.3259.38% (+0.19)
Jun 11, 2024
2025 (Q1)
0.34 / 0.47
0.165184.85% (+0.30)
Apr 11, 2024
2024 (Q4)
0.26 / 0.33
0.072358.33% (+0.26)
Dec 07, 2023
2024 (Q3)
0.13 / 0.34
0.089282.02% (+0.25)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

TSE:DRX Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Dec 11, 2025
C$7.66C$8.54+11.49%
Sep 11, 2025
C$9.50C$8.50-10.53%
Jun 10, 2025
C$6.77C$8.79+29.84%
Apr 10, 2025
C$7.56C$5.19-31.35%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does ADF Group Inc. SV (TSE:DRX) report earnings?
ADF Group Inc. SV (TSE:DRX) is schdueled to report earning on Apr 09, 2026, Before Open (Confirmed).
    What is ADF Group Inc. SV (TSE:DRX) earnings time?
    ADF Group Inc. SV (TSE:DRX) earnings time is at Apr 09, 2026, Before Open (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is TSE:DRX EPS forecast?
          TSE:DRX EPS forecast for the fiscal quarter 2026 (Q4) is 0.41.