Wajax Announces a 33% Increase in 2012 First Quarter Earnings

Wajax Corporation announced a 33% increase in 2012 first quarter earnings.

 First Quarter Highlights
        --  Consolidated first quarter revenue of $358.1 million increased $54.2
            million, or 18% compared to last year. Wajax Equipment revenue increased
            13% on higher revenue in most product categories. Wajax Power Systems
            recorded a 32% increase in sales as a result of the acquisition of
            Harper Power Products Inc. in May 2011 and improved equipment, parts and
            service volumes in western Canada. Wajax Industrial Components revenue
            increased 16% on stronger demand for all major product categories, with
            the majority of the improvement attributable to the energy sector in
            western Canada.
        --  Net earnings for the quarter of $17.1 million, or $1.03 per share,
            increased 33% compared to $12.8 million, or $0.77 per share recorded in
            2011. The increase resulted mainly from higher sales volumes in all
            three segments.

For more about Wajax's first quarter results...