Stock Profile: Wajax Limited
Symbol: WJX (TSE)
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 Stats as of 3/30/01
• H/L Ratio: 1.77
• RS: 86.9
• Shares: 15,696,960
• P/E: n/a
• Price: $5.30
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Guardian Capital Group

Wajax Limited is a heavy equipment company supplying and servicing mobile equipment, diesel engines and industrial components to a wide range of Canadian industry.

Mobile equipment remains its core business with three divisions that distribute, customize and service equipent from various manufacturers through a network of 50 sales and service offices. Equipment includes trucks, compactors, cranes, tractors, excavators, backhoes, graders, and more. The market includes the oil industry, mining, forestry, manufacturing and utilities.

Its four industrial components divisions include Spencer Industries, Wajax Motion Technologies, Wajax Process Technologies and National Bearings. Products include hydraulics, pneumatics, pumps, valves and bearings. Over 85 manufacturers are represented.

The two divisions making up the diesel engine business provide sales and support for Detroit Diesel engines, Allison transmissions, Kohler generators and related products. Products include engines, generators and transmissions. Again, a wide range of heavy industry is supported by Wajax and its products.

The quarter to Dec. 31, 2000 showed a 133.3% increase in earnings per share, not counting a one-time extraordinary charge, a write-down related to the sale of an underperforming subdivision. This represented the sixth consecutive quarter of improved earnings over the same quarter a year earlier.

Quarterly Earnings per Share

  1999 2000 % Change
To Dec. 31st $0.12 $0.28 (-$1.09 including extraordinary items) 133.3%
Revenues (000s) $270,200 $296,900 9.9%

Annual Earnings per Share

  1998 1999 % Change 2000 % Change
EPS $0.60 $0.25 -140.0% $0.75 (-$0.62 including extraordinary items) 200.0%
Revenues (000s) $994,766 $1,038,367 4.4% $1,147,500 10.5%