ADF Group Inc. (DRX) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the ADF Group, Inc. Results for the three-month and nine-month periods ended October 31, 2024 conference call. At this time, all lines are in a listen-only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. This call has been recorded on Thursday, December 12, 2024. I would now like to turn the conference over to Jean-François Bourcier, CFO. Please go ahead. Thank you. Good morning and welcome to ADF's conference call covering the third quarter and nine months ended October 31st, 2024. I am with John Paschini, Chairman of the Board and CEO of ADF, who will be available to answer your question at the end of the call. I will first update you on our quarterly and year-to-date results, which were disclosed earlier this morning by press release, and then proceed with a quick update about our operations. First, a word of caution. Please note that some of the issues discussed today may include forward-looking statements. These are documented in ADF Group's management report for the third quarter and nine-month ended October 31, 2024, which were filed with CDAR this morning. Revenues for the quarter ended October 31, 2024 at $80 million, or $2.2 million lower than last year. Year to date, revenues reached $262.2 million, $19.6 million, or 8.1% higher than last year. Given that ADF carries out projects that differ in complexity and duration, upward or downward fluctuation from one quarter to the next may occur. In light of this, revenue growth, as well as the order backlog variations, must be analyzed over several quarters rather than from one quarter to the next. The positive gross margin l...