Wajax Faces Revenue Dip, Eyes Growth with New Program

Wajax Corporation (TSE:WJX) has released an update.

Wajax Corporation reports a 6.5% decrease in first quarter revenue to $482.3 million, yet sees a promising outlook with a 6% increase in backlog and a new financing program from Hitachi Construction Machinery Americas that is anticipated to boost equipment sales. Despite the drop in sales, they report an improved gross profit margin and have expanded their credit limit to support future growth and acquisitions.

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