07:02 AM EST, 03/04/2025 (MT Newswires) -- Industrial products and services provider Wajax ( WJXFF ) on Tuesday reported that its fourth-quarter adjusted earnings dropped 58% amid challenging market conditions.

Adjusted net earnings were $7.5 million, or $0.35 per share, down from $17.8 million, or $0.83 per share.

Net earnings fell 91% to $1 million, or $0.05 per share, from $11.1 million, or $0.52 per share.

Revenue, meanwhile, came in at $565.9 million, up 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.