ADF Group Reports Weak Fiscal 2026 Results Amid Tariff and Cost Pressures
ADF Group (DRX.TO) reported weaker-than-expected fiscal 2026 results, with revenue declining to CAD 258.7 million and gross margin dropping to 23.1%. The company cited U.S. tariff changes, higher raw material costs, and project timing issues as key factors. Despite the challenges, the acquisition of Groupe LAR contributed to revenue and backlog, and the company expects revenue growth in fiscal 2027.
Topics: acquisition backlog dividend earnings revenue decline tariffs