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Wajax Corporation (WJX.TO)

WJX.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Wajax reports Q3 earnings per share of C$0.46
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Wajax Corp ::Reports 2017 third quarter results.Q3 revenue rose 4 percent to C$299 million.Q3 earnings per share C$0.46.Q3 earnings per share view C$0.34 -- Thomson Reuters I/B/E/S.Q3 2017 backlog was $170.3 million, an increase of $10.6 million, or 7 percent, from Q2 2017 backlog of $159.7 million​.Q3 ‍inventories of $333.0 million increased $27.9 million from Q2 2017 inventories of $305.1 million​.Continues to anticipate adjusted net earnings for 2017 will increase compared to 2016 adjusted net earnings​.  Full Article

Wajax Corp Q3 earnings per share C$0.38
Tuesday, 1 Nov 2016 

Wajax Corp : Wajax corp - consolidated backlog at september 30, 2016 of $142.1 million decreased $23.1 million compared to $165.2 million on june 30, 2016 . Wajax corp - now expect approximately $8 million of savings in 2016 . Wajax corp - full $15 million in estimated cost savings expected to be realized in 2017 . Wajax corp - outlook for remainder of 2016 is that market conditions will remain challenging . Wajax announces 2016 third quarter earnings . Q3 earnings per share c$0.38 . Q3 revenue c$286.6 million versus i/b/e/s view c$291.1 million .Q3 earnings per share view c$0.19 -- Thomson Reuters I/B/E/S.  Full Article

Wajax Q2 adjusted earnings per share $0.21
Friday, 5 Aug 2016 

Wajax Corp : Wajax announces 2016 second quarter results . Q2 earnings per share C$0.22 . Qtrly adjusted diluted earnings per share $0.21 . Q2 earnings per share view c$0.15 -- Thomson Reuters I/B/E/S . Q2 revenue c$336.6 million versus i/b/e/s view c$305.3 million . Reorganization announced in March 2016 is proceeding on schedule and we are on track to complete it by end of 2016 . Reorganization announced in March 2016 is proceeding on schedule and we are on track to complete it by end of 2016 . Revenue in the branches shutdown declined approximately $8.3 million during quarter compared to Q2 of 2015 . Company says "we continue to reduce staffing levels in response to a slower western canada market" . Company says "our outlook for 2016 is that market conditions will remain very challenging" . Continue to expect that revenue and margins will be under pressure in 2016 . Consolidated backlog at June 30, 2016 of $165.2 million decreased $40.6 million compared to March 31, 2016. . Expect to realize savings in 2016 of between $6 million and $7 million, with full $15 million in estimated cost savings expected to be realized in 2017 . Wildfires in Fort Mcmurray area during Q2 resulted in temporary shutdown of three branches in Fort Mcmurray and its branch in Fort Mackay . Estimates that loss from fort Mcmurray wildfires at least $1.0 million, of which majority is expected to be recovered from insurance coverage.  Full Article

BRIEF-Wajax reports Q3 earnings per share of C$0.46

* Q3 earnings per share view C$0.34 -- Thomson Reuters I/B/E/S