The company reported an increase in 4Q sales, despite margins and profits declining amid “increased market pressures” and economic uncertainty.
Latest In Wajax Industrial Components
The distributor also announced the pending March succession for its CFO position.
The company’s total 2Q sales fell 3.1% — which improved sequentially from a 6.5% decline in 1Q.
The distributor also announced a new leader for its Industrial Parts and Engineered Repair Services segments.
Fourth quarter revenue in Wajax's Industrial Parts segment rose 26.9% year-over-year.
