Canadian distributor Wajax Corp. (TRX: WJX), reported sales for the first quarter ended March 31 of $342.7 million, a 7.3 percent increase year-over-year. Profit increased 57.1 percent to $9.9 million.
“In 2018, Wajax expects year-over-year adjusted net earnings to increase, due primarily to organic revenue growth," said Mark Foote, CEO and president of Wajax. "Given the Corporation’s plans to increase market share in highly competitive categories, gross margins are expected to be under pressure."
© 2019 Gale Media, Inc.
Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management.
The 2018 Top Distributors List
This free PDF includes lists of top distribution companies across 14 sectors.
You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.
Download the Free PDF now >>
MDM Update: Daily Newsletter
Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox.
Sign-up for MDM Update >>