Wajax Corporation (NYSE: WJX), Toronto, a distributor of construction, forestry and energy equipment, reported sales for its fiscal 2022 second quarter ended June 30, 2022, were $511.2 million, up 14.6% from the prior-year period.
Net profit for the quarter was $21.7 million, up 20.1% from the prior-year period.
“We are very pleased with these results and the continued strong performance of the business, and we look forward to continuing our focus on growth and delivering and excellent experience for our customers and employees,” said Iggy Domagalski, President and CEO. “Wajax had an excellent first half of 2022, with revenues of $950.7 million and adjusted EBITDA of $84.5 million. The business has performed well, with strong industrial parts sales, as well as strong equipment sales, especially in the construction and forestry category, due in part to our new direct relationship with Hitachi.”