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Wajax Corporation (TSE:WJX)
TSX:WJX
Holding TSE:WJX?
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Earnings Data
Report Date
Mar 10, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.45Last Year’s EPS
0.8Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2018
|% Change Since: -15.10%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Negative
The earnings call highlighted successful cost-saving initiatives and an increase in equipment sales in specific categories, but these were overshadowed by significant declines in revenue, gross profit margins, and earnings, as well as challenges in industrial parts and product support sales, leading to an increased leverage ratio.Company Guidance
In the third quarter of 2024, Wajax Corporation reported a revenue decline of 5.6% to $481 million, primarily due to decreased sales in mining equipment, industrial parts, and product support, with the absence of a large mining shovel sale that was present in the previous year. Gross profit margins fell by 300 basis points to 19.2%, attributed to a higher proportion of equipment sales and increased market pressures on product support and industrial parts. The adjusted EBITDA decreased by 25.3% to $37.4 million, while adjusted net earnings per share dropped 54.2% to $0.44. Despite a 7.9% sequential increase in backlog to $588.1 million, the year-over-year figure reflected an $11.1 million decrease. Inventory management remained a focus, resulting in a slight reduction compared to Q2 2024. The company also highlighted its ongoing cost-saving initiatives and strategic priorities to navigate softer market conditions, with an emphasis on leveraging its available credit capacity of $167.1 million to support operational and strategic needs.Increased Equipment Sales in Construction & Forestry
Equipment sales of $132 million increased by 5% compared to last year due to higher construction and forestry equipment sales in Western and Eastern Canada and higher material handling sales in Central Canada.
Successful Cost-Saving Initiatives
Selling and administrative expenses decreased by $5 million or 6.6%, primarily due to lower personnel costs driven by cost-saving initiatives.
Q3 Backlog Increase
Q3 backlog of $588.1 million increased by $43.3 million or 7.9% compared to Q2 due to higher construction and forestry and mining orders.
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TSE:WJX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:WJX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | C$24.50 | C$20.27 | -17.27% |
| Aug 08, 2024 | C$24.63 | C$23.44 | -4.83% |
| May 01, 2024 | C$32.30 | C$26.85 | -16.87% |
| Mar 05, 2024 | C$32.30 | C$29.86 | -7.55% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Wajax Corporation (TSE:WJX) report earnings?
Wajax Corporation (TSE:WJX) is schdueled to report earning on Mar 10, 2025, TBA Not Confirmed.
What is Wajax Corporation (TSE:WJX) earnings time?
Wajax Corporation (TSE:WJX) earnings time is at Mar 10, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:WJX EPS forecast?
TSE:WJX EPS forecast for the fiscal quarter 2024 (Q4) is 0.45.
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