11:44 AM EST, 03/04/2025 (MT Newswires) -- (Updates shares.)

Wajax ( WJXFF ) shares fell to a 52-week low after the companyon Tuesday reported its fourth-quarter adjusted earnings dropped 58% amid challenging market conditions.

The industrial products and services company said its adjusted profit, excluding most one-time items, fell to $7.5 million, or $0.35 per share, down from $17.8 million, or $0.83, in the year-prior quarter.

Net income, including items, fell 91% to $1 million, or $0.05, from $11.1 million, or $0.52.

Revenue rose to $565.9 million from $542.6 million. Adjusted EBITDA declined to $35.1 million from $47.2 million.

The company expects headwinds as broader market conditions remain soft and amid uncertainty around tariffs and counter-tariffs on Canada-U.S. trade.

Wajax ( WJXFF ) declared a first-quarter dividend of $0.35 per share, payable on April 2 to shareholders of record on March 14.

The company's shares were last seen down $2.15 to $17.50 on the Toronto Stock Exchange, a 52-week low.

Price: 17.48, Change: -2.17, Percent Change: -11.04