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Last C$22.05 CAD
Change Today +0.68 / 3.18%
Volume 88.6K
WJX On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Frankfurt
As of 4:00 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

wajax corp (WJX) Snapshot

Open
C$21.40
Previous Close
C$21.37
Day High
C$22.23
Day Low
C$21.38
52 Week High
09/3/14 - C$38.90
52 Week Low
08/24/15 - C$18.49
Market Cap
440.5M
Average Volume 10 Days
95.4K
EPS TTM
C$2.37
Shares Outstanding
20.0M
EX-Date
09/11/15
P/E TM
9.3x
Dividend
C$1.00
Dividend Yield
3.02%
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 segments: Equipment, Power Systems, and Industrial Components. The Equipment segment distributes, rents, and modifies mobile equipment, and provides after-sales parts and service support in various industries, including construction, materials handling, forestry, mining, government, oil and gas, utilities, and manufacturing. The Power Systems segment is involved in the distribution, rental, and servicing of engines, transmissions, and power generators for on-highway, off-highway, and electrical power generation applications. The Industrial Components segment engages in the custom design, assembly, distribution, and servicing of industrial components, such as bearings, power transmission equipment, pumps and hydraulic systems, and process equipment for in-plant applications and original equipment manufacturers. Wajax Corporation operates through a network of 123 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.

2,725 Employees
Last Reported Date: 03/3/15
Founded in 1858

wajax corp (WJX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$770.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: C$390.0K
Senior Vice President of Equipment
Total Annual Compensation: C$360.0K
Senior Vice President of Industrial Component...
Total Annual Compensation: C$258.5K
Compensation as of Fiscal Year 2014.

wajax corp (WJX) Key Developments

Wajax Equipment Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Wajax Equipment announced unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, revenue was CAD 166.9 million against CAD 188.2 million a year ago. Earnings were CAD 11.7 million against CAD 13.6 million a year ago. The earnings decrease of CAD 1.9 million in the second quarter compared to the same quarter last year was mainly attributable to western Canada operations. For the six months, revenue was CAD 312.5 million against CAD 348.7 million a year ago. Earnings were CAD 18.5 million against CAD 24.3 million a year ago.

Wajax Corporation Declares Quarterly Dividend Payable on October 2, 2015; Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Full Year of 2015

Wajax declared a quarterly dividend of CAD 0.25 per share payable on October 2, 2015 to shareholders of record on September 15, 2015. The company reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, revenue was CAD 340,747,000 against CAD 374,396,000 a year ago. Earnings before finance costs and income taxes were CAD 15,775,000 against CAD 20,136,000 a year ago. Earnings before income were CAD 12,450,000 against CAD 16,890,000 a year ago. Net earnings were CAD 8,986,000 against CAD 12,302,000 a year ago. The lower earnings were attributable to the decreased revenue and a CAD 2.1 million pre-tax restructuring charge recorded in the Power Systems segment. Diluted earnings per share were CAD 0.51 against CAD 0.72 a year ago. Cash generated from operating activities was CAD 15,452,000 against CAD 11,376,000 a year ago. Property, plant and equipment additions were CAD 501,000 against CAD 996,000 a year ago. Intangible assets additions were CAD 3,000 against CAD 19,000 a year ago. Funded net debt was CAD 167.3 million at June 30, 2015 decreased CAD 84.7 million compared to CAD 252.0 million at March 31, 2015.  For the six months, revenue was CAD 657,962,000 against CAD 705,765,000 a year ago. Earnings before finance costs and income taxes were CAD 26,993,000 against CAD 32,466,000 a year ago. Earnings before income were CAD 20,359,000 against CAD 26,036,000 a year ago. Net earnings were CAD 14,719,000 against CAD 18,968,000 a year ago. The decrease in net earnings resulted primarily from lower volumes and restructuring costs, partially offset by reduced selling and administrative expenses compared to last year. Diluted earnings per share was CAD 0.85 against CAD 1.11 was CAD a year ago. Cash used in operating activities was CAD 22,929,000 against cash generated from operating activities of CAD 10,256,000 a year ago. Property, plant and equipment additions were CAD 2,485,000 against CAD 2,244,000 a year ago. Intangible assets additions were CAD 51,000 against CAD 19,000 a year ago. The company continues to expect 2015 full year earnings to be less than the previous year.

Wajax Seeks Acquisitions

Wajax Corporation (TSX:WJX) continues to execute its 4 Points of Growth strategy with a controlled pace in the second quarter. Wajax is continuing to move forward on all components of the strategy including activities related to our core capabilities, organic growth initiatives, ERS acquisitions and systems implementation. Wajax may be required to access the equity or debt markets to fund significant acquisitions

 

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Industry Analysis

WJX

Industry Average

Valuation WJX Industry Range
Price/Earnings 9.4x
Price/Sales 0.3x
Price/Book 1.3x
Price/Cash Flow 10.5x
TEV/Sales 0.2x
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