Steady Revenue Growth
Wajax reported a revenue of $483.1 million, marking an increase of $2.1 million or 0.4% compared to the same quarter in 2024, driven primarily by higher mining sales in Western Canada and increased industrial parts and ERS sales.
Improved Gross Profit Margin
The gross profit margin rose to 20.8%, a 160 basis point increase from the same period in 2024, attributed to higher margins on product support, industrial parts, and ERS sales.
Adjusted EBITDA Growth
Adjusted EBITDA increased by $7.4 million or 19.7% from the third quarter of 2024, primarily due to higher gross profit margins, with the adjusted EBITDA margin improving to 9.3%.
Safety Improvements
The TRIF rate decreased by 9% from the third quarter of 2024 and by 19% from the second quarter of 2025, highlighting ongoing improvements in workplace safety.
Increased Adjusted Net Earnings
Adjusted net earnings rose by 68.6% or $0.31 per share compared to the third quarter of 2024.