ADF posts loss, warns of short-term troubles

Dec 06, 2012 | 04:51 PM | Michael Cowden

Tags  ADF Group, Jean Paschini, earnings, World Trade Center, expansion, steel fabrication, Michael Cowden

CHICAGO — ADF Group Inc. logged a third-quarter net loss because of completion of work at the World Trade Center, an unfavorable production mix and fabrication delays.

The Terrebonne, Quebec-based steel fabrication and installation company posted a net loss of Canadian $1.16 million ($1.17 million) for the three months ended Oct. 31, in contrast to net income of $403,000 in the same period last year, on sales that fell 31.1 percent to C$7.77 million ($7.79 million) from C$11.21....

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