ADF Group reports Q1 profit, revenue falls from year ago amid tariff uncertainty | Metals Mine

  • ADF Group reports Q1 profit, revenue falls from year ago amid tariff uncertainty

    From bnnbloomberg.ca

    ADF Group Inc., a maker of steel superstructures, reported a first-quarter profit of $8.7 million as its revenue plunged compared with a year earlier due to the uncertainty related to U.S. tariffs. Revenue for the quarter totalled $55.5 million, down from $107.4 million in the same quarter last year. The Quebec-based company says the drop came as it earned a profit of 30 cents per diluted share for the quarter ended April 30 compared with a profit of $15.3 million or 47 cents per diluted share a year earlier. ADF, which builds complex steel structures, says the uncertainty surrounding the application and functioning ... (full story)

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