TSX:WJXTrade Distributors
Wajax (TSX:WJX) Margin Contraction Challenges Value Narrative Despite Five-Year Earnings Growth
Wajax (TSX:WJX) reported net profit margins of 2.2%, down from 2.5% in the prior year, as the company faced a contraction in margin performance. Over the past twelve months, earnings growth turned negative, and revenue is projected to decline at a rate of 0.2% per year over the next three years. Still, Wajax has built a 3.7% annual earnings growth rate over the last five years, which highlights a longer-term trend of improvement despite recent setbacks.
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