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Wajax Corporation ( (TSE:WJX) ) has shared an announcement.
Wajax Corporation reported a challenging 2024 with a 2.6% decline in annual revenue and a decrease in gross profit margin due to weakened market conditions and increased competitive pressures. Despite these challenges, the company managed to generate strong cash flows in the fourth quarter through effective working capital management and cost-saving initiatives, while also reducing its leverage ratio and inventory levels. The company plans to continue focusing on strategic priorities to improve margins and operational efficiency in 2025.
More about Wajax Corporation
Wajax Corporation operates in the industrial sector, providing equipment, power systems, and industrial components. The company focuses on serving sectors such as construction, mining, forestry, and oil and gas, offering a range of products and services tailored to these industries.
YTD Price Performance: -4.97%
Average Trading Volume: 56,314
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$437M
For detailed information about WJX stock, go to TipRanks’ Stock Analysis page.