The earnings call presented a mixed picture of the company's performance. There was notable success in inventory reduction and cash flow improvement, alongside growth in Western Canada sales and improved product support margins. However, the company faced significant challenges with revenue decline, gross profit margin compression, and decreased adjusted EBITDA and net earnings. The decline in backlog also poses a concern for future revenue potential.

Company Guidance

During Wajax Corporation's 2025 Second Quarter Financial Results Webcast, several key metrics were discussed. The company's revenue for Q2 2025 was $547.1 million, representing a 3.7% decrease compared to the previous year. This decline was primarily due to lower equipment sales in the construction and forestry categories, offset partially by increased mining equipment sales, including the delivery of a large mining shovel. The gross profit margin was 19.1%, down 180 basis points from the same period in 2024, although it remained flat sequentially. Adjusted EBITDA was $44.7 million, an 18.3% decrease from the second quarter of 2024, with an improved adjusted EBITDA margin of 8.2% compared to earlier quarters. The company's backlog decreased to $524.3 million, and inventory saw a significant reduction of $56 million from Q1 2025. The leverage ratio improved to 2.35x, moving closer to the target range of 1.5x to 2x. The company highlighted ongoing inventory optimization, cost management, and margin improvement strategies as part of its focus for sustainable long-term growth.

Improved Leverage and Cash Flow

Cash flows generated from operating activities increased to $67.4 million in the current quarter, compared to $35.8 million in the same quarter of the prior year, driven by inventory optimization. The leverage ratio improved to 2.35x from 2.53x in Q1 2025.

Inventory Reduction Success

Inventory reduced by $56 million from Q1 2025 and by $147.5 million from peak levels at March 31, 2024, due to ongoing inventory management efforts.

Product Support Margin Improvement

Despite overall margin compression, product support margins improved due to focused margin improvement initiatives.

Western Canada Sales Growth

Western Canada sales increased by 3.7% due to higher mining equipment sales, including the delivery of a large mining shovel.

Wajax Corporation (TSE:WJX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:WJX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 03, 2025	2025 (Q3)	0.59 / -	0.43	―	―	―
Aug 07, 2025	2025 (Q2)	0.68 / 0.75	1.03	-27.18% (-0.28)	―	―
May 05, 2025	2025 (Q1)	0.44 / 0.67	0.58	15.52% (+0.09)	―	―
Mar 04, 2025	2024 (Q4)	0.45 / 0.34	0.8	-57.50% (-0.46)	―	―
Nov 04, 2024	2024 (Q3)	0.83 / 0.43	0.93	-53.76% (-0.50)	―	―
Aug 08, 2024	2024 (Q2)	1.07 / 1.03	1.22	-15.57% (-0.19)	―	―
May 01, 2024	2024 (Q1)	0.78 / 0.58	0.8	-27.50% (-0.22)	―	―
Mar 05, 2024	2023 (Q4)	0.86 / 0.80	0.8	0.00% (0.00)	―	―
Nov 06, 2023	2023 (Q3)	0.91 / 0.93	0.75	24.00% (+0.18)	―	―
Aug 10, 2023	2023 (Q2)	0.93 / 1.22	0.92	32.61% (+0.30)	―	―

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
Aug 07, 2025	C$23.14	C$21.90	-5.36%
May 05, 2025	C$17.97	C$20.39	+13.47%
Mar 04, 2025	C$18.97	C$16.70	-11.97%
Nov 04, 2024	C$23.66	C$19.57	-17.29%

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 Nov 03, 2025, After Close (Confirmed).

What is Wajax Corporation (TSE:WJX) earnings time?

Wajax Corporation (TSE:WJX) earnings time is at Nov 03, 2025, 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 2025 (Q3) is 0.59.

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