forum zespołu muzyki folk Portfolk

cheapbag214s

Wajax CEO Foote steps lively
For an exec who spent his entire career at retailers like Zellers,[link widoczny dla zalogowanych], Loblaw and Canadian Tire, Mark Foote's move to the industrial equipment industry was as easy as slipping on an old set of sneakers.
Just seven months after he was named CEO of Mississauga, Ont.-based Wajax Corp., Foote sounds like he's been flogging hydraulic shovels, slurry pumps and excavators for decades.
"Retail is inherently a distribution business,[link widoczny dla zalogowanych]," says Foote, who recently toured Wajax's Edmonton operations, where two of the company's three national divisions are headquartered.
View Larger ImageWajax Corp,[link widoczny dla zalogowanych]. retail giant Target Corp. says there's another reason why his latest career move has been a tidy fit,[link widoczny dla zalogowanych].
"The reason it made the most sense was that I'm intensely interested in what the company actually does.
"In my 28 years at Canadian Tire, the first 14 years or so I was in the automotive business. I started as a technician, I worked in the shop, I've done a whole bunch of work in logistics and auto parts and supply chain management. So there's an element of Wajax that goes back to where I started,[link widoczny dla zalogowanych], from a career standpoint."
There are also huge differences, of course.
While Zellers struggled in the face of stiff competition from Walmart Canada and other rivals, Wajax has been growing at an impressive clip.
Although the low-profile firm doesn't yet enjoy the same brand-name recognition as larger rivals like Finning Canada or Toromont,[link widoczny dla zalogowanych], Wajax's financial performance is turning heads.
Its shares were recently included in Canada's main equity benchmark,[link widoczny dla zalogowanych], the S Composite Index.
Wajax posted net earnings of $17.1 million or $1.03 a share for the first quarter of 2012, up 33 per cent from the previous year. Revenues jumped 18 per cent to $358.1 million.
After recently hitting an alltime record high of more than $53 apiece, Wajax's shares closed at more than $49 each Wednesday on the Toronto Stock Exchange. That's up more than 31 per cent over the past year,[link widoczny dla zalogowanych], giving the company a market cap of about $816 million.
Despite the big run-up, Wajax's stock trades at only 12 times projected earnings for 2012, and it boasts a healthy dividend yield of 6.6 per cent - a big lure for income-hungry investors.
Although Foote is reluctant to get into specific forecasts,[link widoczny dla zalogowanych], he sees plenty of growth still ahead for the industrial equipment seller.
"Wajax has tons of growth opportunities, and while it has grown through acquisitions and still has a fair amount of acquisition opportunities in each of its businesses,[link widoczny dla zalogowanych], its organic (internal) growth opportunities are really significant," he says.
"About 44 per cent of Wajax's revenues are attached to resource businesses,[link widoczny dla zalogowanych], with a lot of that being in oil and gas and mining. I think that's a great place for the company to be.
"Sure, you get hiccups in oil prices and occasional slowdowns, but from a medium to long-term perspective there couldn't be a better place to be from an industry perspective."
With more than 730 of its 2,[link widoczny dla zalogowanych],700 Canadian employees based in Alberta,[link widoczny dla zalogowanych], the province is a key engine of future growth, says Foote.
"Wajax generates about 54 per cent of its revenues from Western Canada,[link widoczny dla zalogowanych], and most of that comes from Alberta, where we have 17 branches. So Alberta is an incredibly important market to us.
"Our best mining expertise is in Alberta, our best forestry expertise is in Alberta, our best construction expertise is in Alberta,[link widoczny dla zalogowanych], the premium side of our hydraulics business is in Alberta, and the core of our power generation business is in Alberta," he says.
相关的主题文章：

[link widoczny dla zalogowanych]

[link widoczny dla zalogowanych]

[link widoczny dla zalogowanych]

[link widoczny dla zalogowanych]

[link widoczny dla zalogowanych]

[link widoczny dla zalogowanych]

[link widoczny dla zalogowanych]

[link widoczny dla zalogowanych]

[link widoczny dla zalogowanych]

[link widoczny dla zalogowanych]