Wajax Corp Reports Second Quarter 2025 Results Amid Market Pressures

TORONTO, August 7, 2025 — Wajax Corporation, a leading industrial distributor based in Mississauga, Canada, has released its financial results for the second quarter of 2025. The company, which operates on the Toronto Stock Exchange under the symbol WJX, reported a revenue of $547.1 million, a decrease from $568.3 million in the same quarter of the previous year. This decline is attributed primarily to increased market pressures.

Despite the revenue dip, Wajax demonstrated resilience through strategic financial management. The adjusted basic earnings per share stood at $0.77, down from $1.06 in the prior year’s second quarter. The gross profit margin was reported at 19.1%, a decrease from 20.9% in the same period of 2024. However, it showed an improvement of 200 basis points from the fourth quarter of 2024, indicating a recovery trajectory.

A key highlight from the quarter is the improvement in selling and administrative expenses, which decreased to 13.8% of revenue from 13.9% in the same period of 2024. This improvement underscores Wajax’s commitment to strong cost discipline, a critical factor in navigating the current market landscape.

The company’s inventory levels were reported at $602.5 million, reflecting ongoing efforts in inventory optimization. This strategic focus has contributed to robust cash flow and improved leverage, positioning Wajax to better manage market volatility.

Wajax Corp, known for its diverse portfolio of equipment and services across industries such as construction, mining, forestry, energy, and material handling, continues to leverage its partnerships with brands like Hitachi, JCB, Bell, Hyster, and Palfinger. The company’s ability to adapt and optimize operations amidst challenging market conditions highlights its strategic foresight and operational agility.

As Wajax navigates the complexities of the current economic environment, its focus on cost discipline and inventory management remains pivotal. Investors and stakeholders will be keenly watching the company’s next moves as it aims to capitalize on its strengths and market opportunities.

For more detailed insights and future outlooks, stakeholders are encouraged to visit Wajax’s official website at www.wajax.com .