The 2020 Mid-Year Economic Update_long

Wajax Sales Down 8.1% in 1Q

Profit decreased 48.1% to $4.1 million.

Canadian distributor Wajax Corp. (TRX: WJX), reported sales for the first quarter ended March 31 of $344.1 million, a 8.1% decrease year-over-year. The revenue decline was primarily attributable to the March period and the emergence of the ongoing COVID-19 public health crisis. Consolidated revenue for the January and February periods were comparable to the prior year. Profit decreased 48.1% to $4.1 million.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.