07:47 AM EDT, 06/10/2025 (MT Newswires) -- ADF Group ( ADFJF ) , which manufactures steel superstructures, on Tuesday said first-quarter net income and revenue fell due to the uncertainty caused by U.S. tariffs.

Net income declined to $8.7 million, or $0.30 per share, from $15.3 million, or $0.47 per share, in the prior year period. Revenue fell 48% to $55.5 million.

The company, which had an order backlog of $330.4 million at the end of the quarter, said the "direct and indirect impacts" of the U.S. tariffs caused the earnings decline. Despite the backlog of orders, the uncertainty surrounding the application and functioning of the tariffs caused a unrecoverable delay in fabrication hours, mainly at ADF's plant in Terrebonne, Quebec.