Last C$24.50 CAD
Change Today -1.20 / -4.67%
Volume 148.7K
As of 4:00 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

wajax corp (WJX) Snapshot

Open
C$25.80
Previous Close
C$25.70
Day High
C$25.80
Day Low
C$24.29
52 Week High
03/10/14 - C$39.56
52 Week Low
01/14/15 - C$23.14
Market Cap
411.1M
Average Volume 10 Days
108.6K
EPS TTM
C$2.61
Shares Outstanding
16.8M
EX-Date
02/25/15
P/E TM
9.4x
Dividend
C$2.40
Dividend Yield
9.80%
Current Stock Chart for WAJAX CORP (WJX)

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wajax corp (WJX) Details

Wajax Corporation, through its subsidiaries, is engaged in the sale, rental, and after-sale parts and service support of mobile equipment, power systems, and industrial components. The company operates through three businesses: Equipment, Industrial Components, and Power Systems. The Equipment business is involved in the distribution, rental, modification, and servicing of excavators, lift trucks, mining trucks and shovels, forest harvesting equipment, utility equipment, loader backhoes, container handlers, crawler and rough terrain cranes, skid steer loaders, wheel loaders, articulated dump trucks, shuttle cars, and continuous miners for construction, materials handling, forestry, mining, government, oil and gas, utilities, and manufacturing markets. The Power Systems business is engaged in the distribution, rental, and servicing diesel and natural gas engines, power generators, and transmission products for agriculture, military, construction, mining, forestry, oil and gas, industrial/commercial, transportation, utilities, and marine markets. The Industrial Components business is involved in the custom design, assembly, distribution, and servicing of bearings, power transmission parts, hydraulic components and systems, process pumps and equipment, motors, cylinders, valves, hoses and fittings, hoists, filters, and safety supplies for agriculture, metal processing, construction, mining, food processing, oil and gas, forestry, resellers/distributors, transportation, and industrial/manufacturing markets. Wajax Corporation operates through a network of 125 branches in Canada. The company was formerly known as Wajax Income Fund and changed its name to Wajax Corporation in January, 2011. Wajax Corporation was founded in 1858 and is based in Mississauga, Canada.

2,766 Employees
Last Reported Date: 03/4/14
Founded in 1858

wajax corp (WJX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$740.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: C$366.5K
Senior Vice President of Equipment
Total Annual Compensation: C$339.0K
Compensation as of Fiscal Year 2013.

wajax corp (WJX) Key Developments

Wajax Corporation Appoints Thomas Alford to its Board of Directors, Effective December 16, 2014

Wajax Corporation announced the appointment of Thomas Alford to its board of directors, effective December 16, 2014. Mr. Alford is an independent businessman and former senior executive with over 34 years of experience in the western Canadian oil and gas industry. Most recently, he was the President and Chief Executive Officer of IROC Energy Services Corporation. Mr. Alford currently serves on the boards of WESC, High Arctic Energy Services Inc. and Strike Energy Services Inc.

Wajax Corporation Appoints Stuart Auld as Senior Vice President, Information Systems; Declares Dividends for the Months of November and December, 2014 and January and February, 2015, Payable on December 22, 2014, January 20, 2015, February 20, 2015 and March 20, 2015, Respectively

Wajax Corporation announced effective November 4, 2014, Stuart Auld was appointed as Senior Vice President, Information Systems. Stuart has extensive IT, operations and finance experience from large multi-divisional and multi-branch organizations. The company announced monthly dividends of $0.20 per share ($2.40 annualized) for each of the months of November and December, 2014 and January and February, 2015 payable on December 22, 2014, January 20, 2015, February 20, 2015 and March 20, 2015 to shareholders of record on November 28, 2014, December 31, 2014, January 30, 2015 and February 27, 2015, respectively. See the Strategic Direction and Outlook section.

Wajax Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Wajax Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company announced revenue of $359.5 million compared to $338.5 million for the same period a year ago. Net earnings were $11.1 million compared to $11.5 million for the same period a year ago. The decrease in net earnings resulted primarily from the $3.1 million restructuring costs and increased finance costs, which was partially offset by the positive impact of higher volumes compared to the same period last year. Earnings before income taxes were $15.2 million compared to $15.7 million for the same period a year ago. Diluted earnings per share were $0.65 compared to $0.68 for the same period a year ago. Adjusted net earnings were $13.3 million or $0.78 per diluted share against $11.5 million or $0.68 per diluted share a year ago. The increase in adjusted net earnings resulted primarily from the positive impact of higher volumes partially offset by increased finance costs compared to the same period last year. Cash generated from operating activities was $5.8 million against $9.7 million a year ago. The reduction of $3.9 million was mainly attributed to an increase in cash used for non-cash working capital of $7.5 million, offset mostly by a decrease in cash used in other items of $3.3 million related primarily to lower rental fleet additions. Earnings before finance costs and income taxes were $18,496,000 against $17,851,000 a year ago. Property, plant and equipment additions were $1,795,000 against $1,684,000 a year ago. Intangible assets additions were $21,000. For the nine months, the company announced revenue of $1,065.2 million compared to $1,036.8 million for the same period a year ago. Net earnings were $30.0 million compared to $35.5 million for the same period a year ago. Earnings before income taxes were $41.2 million compared to $48.1 million for the same period a year ago. Diluted earnings per share were $1.76 compared to $2.09 for the same period a year ago. Adjusted net earnings were $32.2 million or $1.89 per diluted share against $35.5 million or $2.09 per diluted share a year ago. Funded net debt of $224.7 million at September 30, 2014 increased $6.5 million compared to $218.2 million at June 30, 2014. Cash generated from operating activities was $16.8 million against cash used in operating activities of $8.5 million a year ago. The $24.6 million increase in cash generated from operating activities was mainly attributable to lower income taxes paid in the period of $46.8 million partially offset by a use of working capital of $21.1 million in 2014 compared to $0.9 million of cash generated from changes in non-cash working capital in 2013. Earnings before finance costs and income taxes were $50,962,000 against $54,033,000 a year ago. Property, plant and equipment additions were $4,039,000 against $3,974,000 a year ago. Intangible assets additions were $40,000 against $30,000 a year ago.

 

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Industry Analysis

WJX

Industry Average

Valuation WJX Industry Range
Price/Earnings 9.3x
Price/Sales 0.3x
Price/Book 1.6x
Price/Cash Flow 9.1x
TEV/Sales -- Not Meaningful
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