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Wajax Corporation (TSE:WJX)
TSX:WJX
Earnings Data
Report Date
May 04, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.75Last Year’s EPS
0.67Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive operational and financial trajectory: the company delivered notable year-over-year margin expansion, strong adjusted EBITDA and EPS growth, material cash flow improvement, substantial inventory reductions and meaningful deleveraging back into target range. These improvements were coupled with strengthened liquidity, an important shipbuilding backlog addition and a completed CEO succession. Offsetting factors include modest Q4 revenue declines in several categories, a year-over-year drop in backlog, sequential softness in margins and ongoing end-market caution (project deferrals, weak forestry and industrial/commercial demand). On balance, the positive cash flow, margin gains, reduced leverage and strategic contract wins outweigh the transitory revenue and market challenges.Company Guidance
Improved Full-Year Revenue
Fiscal 2025 revenue of $2.145 billion, up $48 million or 2.3% from $2.097 billion in 2024, demonstrating full-year top-line growth despite a modest Q4 decline.
Margin Expansion Year-over-Year
Fourth-quarter gross profit margin of 18%, an increase of 100 basis points year-over-year driven by higher margins on industrial parts, product support and equipment and a higher proportion of ERS sales in the mix.
Strong Adjusted EBITDA and EPS Growth
Adjusted EBITDA of $44 million in Q4, up $8.9 million or 25.2% year-over-year; adjusted EBITDA margin improved to 7.9% from 6.2% a year earlier. Adjusted net earnings were $0.71 per share in Q4, up 104.1% (+$0.36) year-over-year.
Material Cash Flow Improvement
Operating cash flow for the full year 2025 was $194 million versus $75.1 million in 2024, an increase of ~158% (~$118.9 million), supporting deleveraging and liquidity.
Inventory Optimization and Working Capital Gains
Inventory reduced by $126.4 million year-over-year to $547.6 million and down $58.2 million sequentially; inventory down over $200 million from peak (Mar 31, 2024). Inventory turns improved to 2.5x from 2.0x year-over-year; working capital efficiency improved to 25.1% (30 bps improvement sequentially).
Leverage and Liquidity Strengthened
Leverage ratio improved to 1.62x (within target range 1.5–2x) from 2.28x in Q3; available credit capacity of $266.9 million; bank credit facility maturity extended to Oct 24, 2029 (no change to limit).
Backlog and Contract Wins
Backlog of $516.6 million at quarter end (sequential increase of $10.1 million vs Q3), bolstered by the River Class Destroyer (RCD) subcontract with Irving Shipbuilding (full contract included in backlog) and two large mining shovels in backlog for delivery over the next ~5 quarters; majority of RCD-related revenue expected to be recognized through 2029.
Dividend Maintained and Leadership Transition Executed
Board approved Q1 2026 dividend of $0.35 per share; CEO succession completed with George McLean appointed President and CEO (effective immediately), with the outgoing CEO supporting a transition period — orderly leadership change.
ERS Growth
ERS sales of approximately $88 million in Q4, up $9 million or 11% year-over-year, with higher ERS revenue across all regions (particularly Eastern Canada) driven by timing of larger projects.
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
TSE:WJX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 02, 2026 | C$31.42 | C$31.60 | +0.57% |
Nov 03, 2025 | C$24.36 | C$24.75 | +1.58% |
Aug 07, 2025 | C$22.51 | C$21.31 | -5.36% |
May 05, 2025 | C$17.48 | C$19.84 | +13.48% |
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.
FAQ
When does Wajax Corporation (TSE:WJX) report earnings?
Wajax Corporation (TSE:WJX) is schdueled to report earning on May 04, 2026, After Close (Confirmed).
What is Wajax Corporation (TSE:WJX) earnings time?
Wajax Corporation (TSE:WJX) earnings time is at May 04, 2026, After Close (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 2026 (Q1) is 0.75.