Wajax Corp
TSX:WJX
Wajax Corp
Wajax Corp. engages in providing industrial products and services. The company is headquartered in Mississauga, Ontario and currently employs 2,800 full-time employees. The firm operates an integrated distribution system providing sales, parts and services to a range of customers in diverse sectors of the Canadian economy, including construction, industrial and commercial, transportation, metal processing, government and utilities, mining and marine, forestry and oil and gas. The firm offers a range of products and solutions that includes construction equipment, crane and utility equipment, forestry equipment, industrial products, material handling equipment, mining and oil sands equipment, off-highway power, on-highway power, power generation solutions and storage equipment. Its brands include Hitachi, Hyster, MTU, Allison Transmission, Eaton and SKF. Wajax also provides construction and material handling parts, support services and material handling rentals. The firm operates approximately 100 branches across Canada.
Wajax Corp. engages in providing industrial products and services. The company is headquartered in Mississauga, Ontario and currently employs 2,800 full-time employees. The firm operates an integrated distribution system providing sales, parts and services to a range of customers in diverse sectors of the Canadian economy, including construction, industrial and commercial, transportation, metal processing, government and utilities, mining and marine, forestry and oil and gas. The firm offers a range of products and solutions that includes construction equipment, crane and utility equipment, forestry equipment, industrial products, material handling equipment, mining and oil sands equipment, off-highway power, on-highway power, power generation solutions and storage equipment. Its brands include Hitachi, Hyster, MTU, Allison Transmission, Eaton and SKF. Wajax also provides construction and material handling parts, support services and material handling rentals. The firm operates approximately 100 branches across Canada.
Revenue: Wajax reported Q3 2025 revenue of $483.1 million, up 0.4% from the prior year, driven by higher mining and industrial parts sales.
Gross Margin: Gross profit margin rose to 20.8%, a 160 basis point increase year-over-year, reflecting successful margin improvement initiatives.
Profitability: Adjusted EBITDA was $44.8 million, up 19.7% year-over-year, with adjusted net earnings of $0.75 per share, a 68.6% increase.
Leverage: Leverage ratio improved to 2.28x, but remains above the target range of 1.5x–2x.
Backlog: Backlog decreased to $506.5 million, down both sequentially and year-over-year, largely due to mining shovel deliveries.
Outlook: Management highlighted resilience in mining and energy, but noted continued caution and project delays in other sectors due to macroeconomic uncertainty.
Leadership: CEO succession process underway, with current CEO staying on until a replacement is found in early 2026.
