Wajax Corporation (T:WJX)
Business Focus: Heavy Machinery & Vehicles Wholesale
| Sector: Industrials | Industry: Heavy Machinery & Vehicles |
| Company Contact | |
| Address: | 2250 Argentia Rd MISSISSAUGA ON L5N 6A5 |
| Tel: | N/A |
| Website: | https://www.wajax.com |
| IR: | See website |
| Key People | ||
| Ignacy P. Domagalski President, Chief Executive Officer, Director | Andrew W.H. Tam General Counsel and Corporate Secretary | Stuart H. Auld Chief Financial Officer |
| Steven C. Deck Chief Operating Officer, Senior Vice President - Heavy Equipment | Mark T. Edgar Chief People Officer | Justin Warren Senior Vice President - Industrial Parts and Engineered Repair Services |
| Tania Casadinho Vice President, Corporate Controller | Irene Stretton Vice President - Human Resources | Gregory Dean Abtosway Vice President - Corporate Development | Cristian Rodriguez Vice President - Environment, Health and Safety and Sustainability |
| Business Overview |
| Wajax Corporation is a Canada-based diversified industrial products and services provider. The Company operates an integrated distribution system providing sales, parts and services to a broad range of customers in various sectors, including construction, forestry, mining, industrial and commercial, oil sands, transportation, metal processing, government and utilities, and oil and gas. The Company provides various equipment, such as compact excavators, dump trucks, excavators, wheel loaders and wheeled excavators. It offers various brands, such as Hitachi, Hyster, MTU, Allison Transmission, Danfoss, SKF and Tigercat. Its solutions include mechanical solutions, hydraulic solutions, process solutions, electromechanical solutions, repair and solutions, and reliability solutions. It provides various industrial parts, including bearings, bulk material handling, electric motors and variable frequency drives, filtration, fluid handling, instrumentation, pneumatics, and power transmission. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Wajax Corp revenues increased 10% to C$2.15B. Net income increased 12% to C$81M. Revenues reflect ERS/Other segment increase of 29% to C$354.3M, Industrial parts segment increase of 13% to C$605.1M. Net income benefited from Interest Income on lease receivables increase of 79% to C$630K (income). Dividend per share increased from C$1.00 to C$1.24. |
| Employees: | 3,287 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | N/A |
| Annual revenue (TTM): | $2,155M as of Dec 31, 2023 |
| EBITDA (TTM): | $197.19M as of Dec 31, 2023 |
| Net annual income (TTM): | $80.99M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$125.51M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $500.87M as of Dec 31, 2023 |
| Shares outstanding: | 21,810,411 as of Jan 15, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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