07:38 AM EDT, 03/14/2025 (MT Newswires) -- Adentra ( HDIUF ) overnight Thursday said fourth-quarter adjusted profit fell even as sales increased.
The company, which delivers architectural building products, said adjusted net income fell 14% to US$12.7 million, or US$0.51 per share, from US$14.8 million, or US$0.66 per share in the prior year period.
Total sales increased to US$531 million, from US$515 million. The increase was driven by the acquired Woolf business, which contributed sales of US$34.3 million.
Adentra ( HDIUF ) noted that in the first two months of its fiscal first quarter, organic sales fell 6%. Unfavorable winter weather resulted in fewer sales days for some of its operations in January. Market headwinds have also persisted into 2025, with elevated U.S mortgages rates and constrained housing supply impacting affordability.
The company said it believes its potential tariff exposure at this time is limited, with 90% of its operations based in the U.S. and an estimated 92% of purchases not anticipated to be impacted by tariffs declared in March, or those expected to come into effect next month.