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Wajax FY26 Q2 net earnings rise 22.3% to C$ 18.9 million; revenue falls 5.7% to C$ 515.7 million
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Wajax FY26 Q2 net earnings rise 22.3% to C$ 18.9 million; revenue falls 5.7% to C$ 515.7 million
  • Wajax posted net earnings of CAD 18.9 million, up 22.3% year over year, with earnings per share rising 22.1% to CAD 0.87.
  • Revenue fell 5.7% from a year earlier to CAD 515.7 million, mainly on lower equipment volumes and no comparable large mining shovel delivery.
  • Gross profit margin widened 1.8 percentage points to 20.9%, reflecting margin initiatives and sales mix.
  • Cash generated from operating activities dropped to CAD 36.2 million from a year earlier, while backlog rose 4.8% from March 31 to CAD 546.6 million.
  • CEO George McClean said a strategic planning process is underway to support profitable growth; mining backlog includes two large shovels due over the next two quarters.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wajax Corporation published the original content used to generate this news brief on August 06, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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