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Wajax Corporation (TSE:WJX)
:WJX
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.43Last Year’s EPS
0.58Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 04, 2025
|% Change Since: -14.28%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with positive developments in revenue growth, cost reductions, and inventory management being offset by challenges such as reduced gross profit margins, a significant decline in ERS sales, and lower adjusted EBITDA and net earnings. While there are some positive trends, the balance of highlights and lowlights suggests a cautious outlook.Company Guidance
During the Wajax Corporation's 2024 fourth quarter and year-end financial results webcast, several key metrics were discussed. The company reported a 4.3% increase in revenue, reaching $565.9 million, primarily driven by higher mining equipment sales in Western Canada. Despite revenue growth, the gross profit margin decreased by 420 basis points to 17.1% due to market pressures and a shift in sales mix. Selling and administrative expenses dropped to 14.1% of revenue, reflecting an 8.5% decrease from the previous year. Notably, adjusted EBITDA fell by 25.6% to $35.1 million, while adjusted net earnings per share sank by 58.2% to $0.35. The TRIF rate improved by 7% from the prior year, underscoring a continued commitment to safety. Inventory levels saw a significant reduction from peak levels, and the backlog decreased by 4% sequentially, though it showed a slight year-over-year increase. Cash flows from operating activities were strong at $75.9 million, and the leverage ratio improved to 2.61 times. Despite these financial dynamics, the company maintained a dividend of $0.35 per share for the first quarter of 2025, while focusing on operational efficiency initiatives and strategic priorities to navigate market headwinds.Revenue Growth
Revenue increased by $23.3 million in Q4 2024, primarily driven by higher mining equipment sales in Western Canada.
Reduction in Selling and Administrative Expenses
Selling and administrative expenses as a percentage of revenue decreased to 14.1% in Q4 2024 from 16.1% in Q4 2023, thanks to cost savings initiatives.
Significant Inventory Reduction
Inventory decreased by $48.4 million compared to Q3 2024 and has been reduced by $76.3 million from peak levels in March 2024.
Improvement in Safety Metrics
TRIF rate of 0.94% in Q4 2024, a 7% decrease from Q4 2023, indicating progress in workforce safety.
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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 |
|---|---|---|---|
| Mar 04, 2025 | C$19.26 | C$16.96 | -11.94% |
| Nov 04, 2024 | C$24.02 | C$19.87 | -17.28% |
| Aug 08, 2024 | C$24.14 | C$22.98 | -4.81% |
| May 01, 2024 | C$31.66 | C$26.32 | -16.87% |
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 May 05, 2025, TBA Not Confirmed.
What is Wajax Corporation (TSE:WJX) earnings time?
Wajax Corporation (TSE:WJX) earnings time is at May 05, 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 2025 (Q1) is 0.43.
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