Last C$38.14 CAD
Change Today -0.11 / -0.29%
Volume 185.9K
WJX On Other Exchanges
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As of 4:33 PM 10/1/14 All times are local (Market data is delayed by at least 15 minutes).

wajax corp (WJX) Snapshot

Open
C$38.04
Previous Close
C$38.25
Day High
C$38.44
Day Low
C$37.90
52 Week High
03/10/14 - C$39.56
52 Week Low
05/6/14 - C$32.84
Market Cap
639.9M
Average Volume 10 Days
84.7K
EPS TTM
C$2.51
Shares Outstanding
16.8M
EX-Date
10/29/14
P/E TM
15.2x
Dividend
C$2.40
Dividend Yield
6.29%
Current Stock Chart for WAJAX CORP (WJX)

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wajax corp (WJX) Details

Wajax Corporation, through its subsidiaries, is engaged in the sale, rental, and after-sale parts and service support of mobile equipment, power systems, and industrial components. The company operates through three businesses: Equipment, Industrial Components, and Power Systems. The Equipment business is involved in the distribution, rental, modification, and servicing of excavators, lift trucks, mining trucks and shovels, forest harvesting equipment, utility equipment, loader backhoes, container handlers, crawler and rough terrain cranes, skid steer loaders, wheel loaders, articulated dump trucks, shuttle cars, and continuous miners for construction, materials handling, forestry, mining, government, oil and gas, utilities, and manufacturing markets. The Power Systems business is engaged in the distribution, rental, and servicing diesel and natural gas engines, power generators, and transmission products for agriculture, military, construction, mining, forestry, oil and gas, industrial/commercial, transportation, utilities, and marine markets. The Industrial Components business is involved in the custom design, assembly, distribution, and servicing of bearings, power transmission parts, hydraulic components and systems, process pumps and equipment, motors, cylinders, valves, hoses and fittings, hoists, filters, and safety supplies for agriculture, metal processing, construction, mining, food processing, oil and gas, forestry, resellers/distributors, transportation, and industrial/manufacturing markets. Wajax Corporation operates through a network of 125 branches in Canada. The company was formerly known as Wajax Income Fund and changed its name to Wajax Corporation in January, 2011. Wajax Corporation was founded in 1858 and is based in Mississauga, Canada.

2,766 Employees
Last Reported Date: 03/4/14
Founded in 1858

wajax corp (WJX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$740.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: C$366.5K
Senior Vice President of Equipment
Total Annual Compensation: C$339.0K
Senior Vice President of Power Systems
Total Annual Compensation: C$291.5K
Compensation as of Fiscal Year 2013.

wajax corp (WJX) Key Developments

Wajax Corporation Amends Its Bank Credit Facility; Announces Monthly Dividends for the Month of August, September and October, Payable on September 22, 2014, October 20, 2014 and November 20, 2014

On August 6, 2014, Wajax Corporation amended its bank credit facility on more favorable terms including a three year extension of the maturity date from August 12, 2016 to August 12, 2019. The Corporation's restriction from declaring dividends in the event the Corporation's leverage ratio, as defined in the bank credit facility agreement, exceeds 3.0 times has been amended to restrict the declaration of dividends in the event the leverage ratio exceeds 3.25 times. In addition, the fully secured facility of $250 million is now comprised of a $30 million non-revolving term portion and a $220 million revolving term portion. The $0.6 million cost of amending the facility has been capitalized and will be amortized over the remaining term of the facility. On August 6, 2014, the company also announced monthly dividends of $0.20 per share ($2.40 annualized) for each of the months of August, September and October payable on September 22, 2014, October 20, 2014 and November 20, 2014 to shareholders of record on August 29, 2014, September 30, 2014 and October 31, 2014, respectively.

Wajax Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Wajax Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company announced revenue of $374.4 million compared to $362.0 million for the same period a year ago. Net earnings were $12.3 million compared to $13.5 million for the same period a year ago. The lower earnings were mainly attributable to higher finance costs resulting from the increased cost of debt related to the issuance of long-term senior notes in the fourth quarter of last year, as well as a slightly higher income tax rate. Earnings before finance costs and income taxes was $20.1 million compared to $20.3 million for the same period a year ago. Earnings before income taxes were $16.9 million compared to $18.3 million for the same period a year ago. Diluted earnings per share were $0.72 compared to $0.80 for the same period a year ago. For the six months, the company announced revenue of $705.8 million compared to $698.3 million for the same period a year ago. Net earnings were $19.0 million compared to $23.9 million for the same period a year ago. Funded net debt of $218.2 million at June 30, 2014 was relatively unchanged compared to $217.8 million at March 31, 2014. Earnings before finance costs and income taxes was $32.5 million compared to $36.2 million for the same period a year ago. Earnings before income taxes were $26.0 million compared to $32.4 million for the same period a year ago. Diluted earnings per share were $1.11 compared to $1.41 for the same period a year ago.

Wajax Corporation Announces Unaudited Consolidated Financial Results for the First Quarter Ended Mar. 31, 2014; Announces Monthly Dividends for the First Quarter Ended March 31, 2014, Payable on June 20, 2014, July 21, 2014 and August 20, 2014, Respectively

Wajax Corporation announced unaudited consolidated financial results for the first quarter ended Mar. 31, 2014. Revenue in the first quarter of 2014 was CAD 331.4 million, decreased 1%, or CAD 4.9 million, from CAD 336.3 million in 2013. Quarterly net earnings decreased CAD 3.7 million to CAD 6.7 million, or CAD 0.39 per diluted share, from CAD 10.4 million, or CAD 0.61 per diluted share, in the same quarter of 2013. The decrease in net earnings resulted primarily from lower volumes and higher selling and administrative expenses and finance costs compared to last year. Total comprehensive income was CAD 6.8 million in the first quarter of 2014 included net earnings of CAD 6.7 million and other comprehensive income of CAD 0.1 million. Funded net debt of CAD 217.8 million at March 31, 2014 increased CAD 12.8 million compared to CAD 205.0 million at December 31, 2013. The increases in the quarter were comprised mainly of cash used in operating activities of CAD 1.1 million and dividends paid of CAD 10.0 million. Earnings before finance costs and income taxes was CAD 12,330,000 against CAD 15,850,000 for the same period of last year. Earnings before income taxes was CAD 9,146,000 against CAD 14,121,000 for the same period of last year. Cash used in operating activities was CAD 1,120,000 against CAD 30,621,000 for the same period of last year. Property, plant and equipment additions was CAD 1,248,000 against CAD 697,000 for the same period of last year. For the first quarter ended March 31, 2014, monthly dividends declared totaled CAD 0.60 per share. For the first quarter ended March 31, 2013, monthly dividends declared totaled CAD 0.81 per share. On May 6, 2014 Wajax announced monthly dividends of CAD 0.20 per share (CAD 2.40 annualized) for each of the months of May, June and July payable on June 20, 2014, July 21, 2014 and August 20, 2014 to shareholders of record on May 30, 2014, June 30, 2014 and July 31, 2014, respectively.

 

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WJX

Industry Average

Valuation WJX Industry Range
Price/Earnings 14.5x
Price/Sales 0.4x
Price/Book 2.5x
Price/Cash Flow 14.3x
TEV/Sales -- Not Meaningful
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