Headquarters: Lachine, QC, Canada
2017 revenue: $395,700,000
16:17 Change: -14.27%
2016 Revenue: $461,581,278
Key Executives: Mark Foote, president & CEO; Darren Yaworsky, CFO, Senior VP - Finance
Much of the reason for Wajax sales growth in 2017 was the gains in the construction, forestry and engine & transmission product categories.
Mark Foote, Wajax president & CEO, was cautious but upbeat in looking ahead to 2018.
“In 2018, Wajax expects adjusted net earnings to increase, due primarily to organic revenue growth…. While Wajax will make planned investments in programs that advance the corporation’s strategy,” Foote told investors, “an ongoing focus on overall cost productivity is expected to assist Wajax in managing expected margin pressure…. Our team is very confident in our long term growth potential and opportunities for improved productivity.”