Brief: Wajax reports Q2 earnings per share C$0.39

Wajax

11/08/2017 11:00

Aug 11 (Reuters) - Wajax Corp  WJX.TO  
    * Wajax reports 2017 second quarter results 
    * Q2 revenue C$325.3 million versus C$336.6 million 
    * Q2 earnings per share C$0.39 
    * Q2 earnings per share view C$0.39 -- Thomson Reuters 
I/B/E/S 
    * Wajax corp - Q2 2017 backlog was $159.7 million, 
materially unchanged from Q1 2017 backlog of $160.0 million 
    * Wajax - "expect most major resource and industrial 
markets will remain under ongoing spending constraints and 
margin pressures through remainder of 2017" 
    * Wajax Corp - continues to anticipate adjusted net 
earnings for 2017 will increase compared to 2016 adjusted net 
earnings 
    * Wajax Corp - anticipates volume related costs, investments 
in strategic initiatives will be incurred in 2017, which will 
partially offset cost savings 
    * Wajax - "remain focused on generating revenue sufficient 
to offset 4 large mining shovel deliveries made in 2016, which 
are not expected to be repeated in 2017" 
 
Source text for Eikon:  ID:nCNWycjhGa  
Further company coverage:  WJX.TO  
 
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