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ADFJF (DRX.T) +.76 to 5.90, announces $120M in new orders - that compares to $80M in Oct Q3 revenue.

ADF GROUP INC. ("ADF" or the "Corporation") (TSX: DRX), a North American leader in the fabrication of steel superstructures announces the signing of a series of new contracts in Quebec and the Western U.S. totaling $120.0 million.

The largest contract in this series of new orders consists in the fabrication and installation of the steel structures and heavy steel components which are part of a major renovation program for a sports complex in Western U.S.A.

This series of new orders also includes various structural steel contracts in the recreational sector, also in Western U.S.A., and in Quebec for a major client for which ADF has completed various other contracts in recent months and years.

Both of ADF's fabrication plants in Terrebonne, Quebec and in Great Falls, Montana, will be involved in carrying out these new contracts. The fabrication of the various steel structures will begin in the coming months and is expected to extend over a period of approximately 15 months.

The Corporation's order backlog stood at $ 330.3 million as at October 31, 2024, excluding the new orders announced today.