

ADF Group (ADFJF) is re-rated from hold to buy as backlog rebounds to a record $561.1 million, reversing prior concerns over declining visibility. Despite weak FY2026 results—revenue down to $258.7 million and EPS at $0.93—ADF maintained strong operating cash flow, signaling resilience during a cyclical pause. The Quebec energy contract and LAR acquisition add stable, multi-year revenue streams and diversify exposure beyond U.S. construction cycles.

ADF Group Inc. (DRX:CA) Q4 2026 Earnings Call Transcript

ADF Group Inc. (DRX:CA) Q3 2026 Earnings Call Transcript

ADF Group Inc. ( DRX:CA ) M&A Call October 29, 2025 10:00 AM EDT Company Participants Jean-François Boursier - Chief Financial Officer Jean Paschini - Non-Independent Chairman & CEO Conference Call Participants Nicholas Cortellucci - Atrium Research Corporation Presentation Operator Good morning, ladies and gentlemen, and welcome to the ADF Group Inc. Presentation for Acquisition of LAR Groupe. [Operator Instructions] Also note that this call is being recorded on Wednesday, October 29, 2025.

ADF Group Inc. (TSX:DRX:CA ) Q2 2026 Earnings Call September 11, 2025 10:00 AM EDT Company Participants Jean-François Boursier - Chief Financial Officer Jean Paschini - Non-Independent Chairman & CEO Conference Call Participants Nicholas Cortellucci - Atrium Research Corporation Abby Zimmerman - Lowell Capital Jesus Sanchez Leon - Castañar Investment Presentation Operator Good morning, ladies and gentlemen, and welcome to the ADF results for 3 months and 6 months ending July 31, 2025 conference call. [Operator Instructions] This call is being recorded on Thursday, September 11, 2025.
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