Wajax Corporation has announced its first-quarter sales ending on March 31, 2022, were $439.5 million, an increase of 14% year-over-year. Wajax generated net earnings of $16.1 million compared with $12.5 million in the same period of 2021.
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Equipment sales were $117.2 million, product support was $124.5 million, industrial parts results were $129.2 million, engineered repair services were $59.8 million and equipment rental was $8.7 million.
“Building on 2021’s record revenue and strong earnings performance, Wajax had a solid start to 2022. Combined with the Corporation’s strengthened balance sheet and expanded product and service offerings, we continue to believe that Wajax is ideally positioned to continue to grow in 2022 and beyond,” Wajax President and CEO Iggy Domagalski said.
