Wajax Sales Up 25% in 2Q

Sales for the Canadian distributor increased 8.2% in the first six months of 2021.
On June 30, Toronto-based Wajax announced that its subsidiary, western Canadian maintenance and technical services provider Tundra Process Solutions Ltd., acquired the valve business of Powell Canada Inc. 

Canadian distributor Wajax Corp. (TRX: WJX), reported sales for the second quarter of C$446.1 million (US$355.1 million), a 25% increase year-over-year. Profit increased 72.9% to C$16.6 million (US$13.2 million).

For the first six months sales were C$833.2 million (US$663.3 million) up 18.9% over the same period the previous year. Profit was C$29 million (US$23.1 million), almost double its profit in 2Q 2020.

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