Wajax Corporation (TSE: WJX), Toronto, Ontario, announced sales in the fourth quarter of 2022 were $541.3 million, a 34.4% increase from the prior-year period.
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Equipment sales were $202.2 million, Product Support sales were $118.3 million, Industrial Parts sales were $137.9 million, ERS sales were $72.6 million, and Equipment Rental sales were $10.2 million.
Profit was $17.8 million for the fourth quarter.
Wajax also reported sales for its full-year 2022 were $1.9 billion, up 19.9% from the prior-year period. Equipment sales for the year were $628.6 million, Product Support sales were $483.9 million, Industrial Parts sales were $535.8 million, ERS sales were $275.5 million, and Equipment Rental sales were $39.1 million.
Profit for the year was $69.8 million.
“In 2022, we delivered record revenue of nearly $2 billion and strong adjusted earnings per share growth of nearly 35% on a fully diluted basis,” said Iggy Domagalski, President and CEO. “In addition to benefiting from our enhanced relationship with Hitachi, industrial parts and engineered repair services sales demonstrated robust year-over-year growth due, in part, to elevated commodity prices and sustained capital spending by customers across all regions.”
