BRIEF-Wajax Q1 loss per share c$0.49

Tue May 3, 2016 8:01am EDT
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May 3 (Reuters) - Wajax Corp

* Wajax announces 2016 first quarter results, including $12.5 million of restructuring costs

* Q1 revenue c$285 million versus i/b/e/s view c$291.9 million

* Q1 adjusted loss per share c$0.03 excluding items

* Q1 loss per share c$0.49

* Q1 earnings per share view c$0.17 -- Thomson Reuters I/B/E/S

* Wajax corp says reorganization announced last quarter is proceeding on schedule

* Consistent with last quarter, our outlook for 2016 is that market conditions will remain very challenging

* Says anticipated annual cost savings of approximately $15 million to be realized in 2017   Continued...