Wajax Corporation (TSE:WJX) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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.
For further insights into TSE:WJX stock, check out TipRanks’ Stock Analysis page.