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Latest News for ADFJF
ADF Group: Upgrading After The Backlog Reset
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…
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