Wajax Corporation · TSX:WJX
Wajax — Q3 2026 Earnings Presentation
17 slides from Wajax's earnings presentation, Nov 3, 2026
Slide 1: Q3 2026 Financial Results
Q3 2026 FINANCIAL RESULTS WAJAX CORPORATION November 3, 2026
Slide 2: Cautionary Statement Regarding Forward-Looking Information
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION This presentation contains certain forward-looking statements and forward-looking information, as defined in applicable securities laws (collectively, “forward-looking statements”). These forward-looking statements relate to future events or
Slide 3: Non-GAAP and Other Financial Measures
NON-GAAP AND OTHER FINANCIAL MEASURES This presentation contains certain non-GAAP and other financial measures that do not have a standardized meaning prescribed by generally accepted accounting principles ("GAAP"). Therefore, these financial measures may not be comparable to similar measures presen
Slide 4: Wajax Overview
WAJAX OVERVIEW NATIONAL FOOTPRINT AND FOUNDATION • 168 years of operating history • 104 branches coast-to-coast • 3,000 employees • Provider of industrial products, equipment and services • Diverse market and sector experience REVENUE SOURCES Q3 2026 REVENUE SOURCES YTD 2026 ($ millions) ($ millions
Slide 5: Wajax Financial Results - Q3 2026 (November 3, 2026)
5 Wajax Financial Results - Q3 2026 (November 3, 2026)
Slide 6: Wajax Financial Results - Q3 2026 (November 3, 2026)
6 Wajax Financial Results - Q3 2026 (November 3, 2026)
Slide 7: Highlights – Third Quarter
HIGHLIGHTS – THIRD QUARTER Third quarter results reflected mixed market conditions and variability in customer demand and project timing. Management continued to improve working capital efficiency, maintained leverage within target range and preserved financial flexibility required to support strate
Slide 8: Revenue by Region
REVENUE BY REGION Third quarter growth in eastern Canada construction and forestry and power systems sales were offset by sales declines in western and central Canada Q3 2026 ($ millions) YTD 2026 ($ millions) (11)% (12)% 2% 6% (9)% (2)% Note: Totals may not add due to rounding. 8 Wajax Financial Re
Slide 9: Heavy Equipment and Product Support Revenue
HEAVY EQUIPMENT AND PRODUCT SUPPORT REVENUE Equipment YoY Change (0.3)% (1.2)% (23.3)% (22.3)% (4.0)% • Decrease from Q2 2026 was due primarily to lower construction and forestry sales in central and eastern Canada offset partially by higher crane and utility sales in central and eastern Canada. • D
Slide 10: Industrial Products and ERS Revenue
INDUSTRIAL PRODUCTS AND ERS REVENUE Industrial Products YoY Change —% (2.3)% (4.9)% (1.9)% (6.7)% • Decrease from Q2 2026 was due primarily to lower sales in all regions. • Decrease from Q3 2025 was due primarily to lower sales in all regions driven by competitive and uncertain market conditions, as
Slide 11: Revenue by Category
REVENUE BY CATEGORY Third quarter revenue decrease driven primarily by lower industrial products sales in all regions, offset partially by higher ERS sales in western and eastern Canada YTD* CATEGORY3 Q3 2026 Q3 2025 CHANGE YTD 2026 YTD 2025 CHANGE W C E HEAVY EQUIPMENT $ 265.4 $ 265.9 $ (0.6) $ 833
Slide 12: Backlog and Inventory
Backlog 2 1 BACKLOG1 1. Backlog increased by $52.0 million (9.5%) from Q2 2026 to $598.6 million 2. Backlog increased by $92.1 million (18.2%) compared to Q3 2025 Inventory 2 1 INVENTORY 1. Total inventory of $608.7 million increased $18.4 million compared to Q2 2026 2. Total inventory increased $3.
Slide 13: Cash Flow, Leverage and Balance Sheet
CASH FLOW, LEVERAGE1 AND BALANCE SHEET Cash Flow from Operating Activities Working Capital Efficiency1 Leverage1 2.28x 1.82x 1.62x 1.51x 1.38x Working capital efficiency has improved from Q2 2026 due to lower trailing four quarter average working capital Inventory turns have remained stable and impr
Slide 14: Outlook
OUTLOOK • Market conditions are expected to remain mixed across certain end markets and regions, with continued variability in customer demand and project timing. Broader macroeconomic uncertainty is likely to continue to weigh on customer confidence and investment decisions. • Wajax's diversified e
Slide 15: Appendix
APPENDIX 1 15 Wajax Financial Results - Q3 2026 (November 3, 2026)
Slide 16: Endnotes
ENDNOTES Except where noted, all figures are in millions of Canadian dollars, except per share data and ratio calculations. 1. This measure does not have a standardized meaning prescribed by GAAP. Please see Wajax’s Management’s Discussion and Analysis for the three and nine months ended September 3
Slide 17: Building Canada Together Since 1858
\\\ Building Canada Together Since 1858 wajax.com